Gambling is the indulgence of betting in anticipation of some gain or any reward, with the intent of winning some money or other property. Gambling therefore requires three components for it to be totally governed: risk, consideration, and a reward. The reward can be anything like cash or other assets. On the other hand, the risk related to gambling involves the likelihood of a reduction and the consequences that may follow a loss.

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Legalized gambling has been regulated by the government. Gambling is very common in Las Vegas and Atlantic City. A whole …