Gambling: Pros and Cons Gambling is an issue that brings up many moral and ethical questions. Controversy over this topic has developed many legal issues also. Legal gambling has swept across the nation three times. The second wave ended shortly after the turn of the century. We are now in the middle of the third wave of legal gambling. Many states are now allowing gambling through statutes and tribal state compacts, and there are still many that are not yet open. Gambling brings about many benefits to the country, but along with that are many problems that have developed, and it has ruined many people’s lives. P