The debate of lottery and gambling is becoming more intense as churches and other national bodies also get involved in the debate. The lottery industry is booming in African countries, with new online casinos and betting centres emerging every day. Patrons and promoters of these lottery establishments maintain that their operation in the country has come to solve the unemployment problem in the country and also to help the government to generate some funds. They indicate that it is a quick way to get money.
One constant catchphrase used by state officials to legalize and also to justify their involvement and entering into the gambling and lottery business was its ability to obtain revenue for state operations without the imposition of either new taxes or tax increases.
Most of the supporters contend that lottery has some economic benefits in the areas of job creation and increase in government revenue through taxation of these businesses.
Taking the economic benefits of lottery into consideration, legalized form of lottery and gambling are often promoted as good economic policy. Proponents say that such forms of gambling are painless ways of increasing billions of Ghana Cedis in state revenue.
What proponents seem to forget is that, generally, the cost of management, advertising and promotions is approximately sixty pesewas of each Ghana Cedis while direct taxation of the citizens cost only about a pesewa on the Cedi, so that for every Cedi raised by taxes, ninety- nine pesewas go to the state. Again, legalized gambling adversely affects a state’s economy. Money that could have been invested or loaned and recycled through the economy are risked in legalized lottery scheme.
From our main text, we see that the writer pointed to the fact that, there is a way that seems right in the sight of a man but the end is the way of death. Many people think lottery and gambling are painless ways of making money but the side effects of their actions, they have consigned to the background.