Gaming Law and Legal Definition
Gaming is the playing of games for stakes. Gaming is regulated under federal and state laws. Interstate gaming laws vary by state. While casino gaming has been legal in Nevada for more than seven decades and in Atlantic City, N.J., for more than a quarter century, it was not until the late 1980s and early 1990s that other jurisdictions across the country began to introduce commercial casino gaming.
Gaming activities include casinos, racetracks, lotteries, and other forms. States that permit gaming often have a commission established to oversee the regulation of the industry, such as licensing of those employed in the gaming industry. Gaming has a significant impact on state revenues and there have been negative, as well as positive, effects of casino gaming on life in the area. Increased bankruptcy filing, increased crime, and gambling addiction are among the adverse effects.