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Gambling (also known as betting or gaming) is the wagering of something of value ("the stakes") on a random event with the intent of winning something else of value, where instances of strategy are discounted. Gambling thus requires three elements to be present: consideration (an amount wagered), risk (chance), and a prize. [1]
The history of gambling in the United States covers gambling and gaming since the colonial period. The overall theme is one of a general lack of formal regulation (but sometimes significant religious or moral disapproval), giving way by degrees to widespread prohibition by the early 20th century, followed by a loosening of restrictions in the late 20th and early 21st centuries.
The casino floor at Wynn Las Vegas in Paradise, Nevada. In the United States, gambling is subject to a variety of legal restrictions. In 2008, gambling activities generated gross revenues (the difference between the total amounts wagered minus the funds or "winnings" returned to the players) of $92.27 billion in the United States.
Casino is of Italian origin; the root casa means a house. The term casino may mean a small country villa, summerhouse, or social club. [1] During the 19th century, casino came to include other public buildings where pleasurable activities took place; such edifices were usually built on the grounds of a larger Italian villa or palazzo, and were used to host civic town functions, including ...
Native American gaming comprises casinos, bingo halls, slots halls and other gambling operations on Indian reservations or other tribal lands in the United States. Because these areas have tribal sovereignty, states have limited ability to forbid gambling there, as codified by the Indian Gaming Regulatory Act of 1988.
Bunco was originally a confidence game similar to three-card monte. [1] [2] It originated in 19th-century England, where it was known as "eight dice cloth". [3]It was imported to San Francisco as a gambling activity in 1855, where it gave its name to gambling parlors, or "bunco parlors", and more generally to any swindle.
Archaeological excavations have found gambling dice in monasteries and other Buddhist sites. The earliest textual mention of games in India is the Rig-Veda's mention of the use of dice (c. 1000 BC). Texts such as the Mahabharata indicate that dice games were popular with Kings and royalty, and also had ceremonial purposes. [28]
in Crime, Addiction and the Regulation of Gambling (Brill Nijhoff, 2008). 165–179. Richard, Jessica. The romance of gambling in the eighteenth-century British novel (Springer, 2011). Schwartz, David G. Roll The Bones: The History of Gambling (2006), scholarly history with global perspective excerpt; UK is covered in chapters 6, 8, 15