Gambling is a form of entertainment that generates large amounts of revenue. However, there are a number of negative effects of gambling. These effects are manifested on the social, economic, and personal levels. On the personal level, these impacts are manifested as alterations in financial situations or increased costs of infrastructure. On the societal level, these impacts include the physical and mental health of gamblers.

Despite the fact that there is no cure for gambling disorder, addressing its symptoms and preventing further damage is essential. Counseling can help a person understand the problem and find a solution. Though there are no FDA-approved medications for gambling disorders, there are a number of effective treatment options for co-occurring mental health conditions. Family support can be invaluable for recovery, but ultimately, the decision to stop gambling rests with an individual.

While gambling harms have been the focus of much of the recent literature, positive impacts have also been overlooked. While the economic and social costs of gambling are well documented, the invisible costs of gambling can be difficult to quantify. These costs include emotional stress and relationship problems. The impact of gambling on families and communities is therefore often undervalued.

The social and economic impacts of gambling can be measured and categorized using a conceptual model. These impacts can be divided into two broad types: negative and positive. These are typically categorized according to the severity of the effects. The effects of gambling on individuals and communities can be both short-term and long-term. These impacts may influence the lives of generations, or even change the lives of individual people.