When recessions or depressions hit, lawmakers are more likely to approve legal betting. For example, a government with a tax shortfall may be more likely to seek gambling revenues. Their regulations are an outgrowth of the country’s history and current attitudes towards the culture.īeyond that, a country’s economic outlook affects its decision making. They all have a slightly different approach to the industry. Each nation has gambling laws that affect their economy in various ways. Casino gaming and sports betting are multi-billion dollar industries.