Effects of Gambling Everyone likes to gamble but what are the effects of gambling? There are many effects of gambling for people of all ages such as having fun. Some of the effects of gambling are positive but most are negative. Some effects of gambling might be addiction, winning and losing money, lying and stealing. One effect of gambling is being addicted to gambling. A person might do anything they have to do to get money to feed their addiction. Such as a person might go so far as to lie or even steal from their family members or from their company or co-workers/boss. Which might cause them to get