Gambling has always been a tabooed subject in the middle class households because of the adverse sociological impacts. The great epics of the east include stories about the kings losing their whole dynasties in the game of gambling. Thought he whole practice is scathed, but the charm of the game has not ended basically because of the quick rewards associated with it. It still attracts the poorest of the masses and the richest of the riches to the doorsteps of the casinos, which mark almost the whole world. The economic contribution of the gambling and gaming to the GDP’s of many countries is really high.The auspices of gambling extend beyond the normal card and board games. The roulette, the high rollers and the other device-based games are also a part and parcel of the gambling phenomenon. The Internet also has been a major force in spreading the gambling games across the globe. Tagging gambling as a sport will and has raised many critical remarks, as the spirit of the game cannot be attached to the gambling games. The trickery will always be attached to the gamblers. Because of this the habit of gambling is also prohibited by law in many countries.Another way of looking at things is the way the gambling events are being organized for raising charity money. Raffles are also a kind of gambling but they are normally used to raise the money for the poor and the needy. The gambling not confined to the American states but it cuts across all societies and cultures equally. The events of gambling takes place internationally. Also the casinos are spread evenly on the world map. Gambling is now being attached to the luxury and glamour and is seen at the most exotic of places. The glitterati moving towards these places show that the games have become a status symbol for the high classes of the society.Sports betting and Internet gambling are the two most prevalent mediums for the aspiring players to begin. Gambling has taken the form of an industry and the stakes in the area are increasing progressively. The political and social impact of gambling are being discussed by the sociologists across the world and the implications are being recorded to decide the fate of such a so-called social evil.Although the gambling in its strict sense means betting and winning at the cards table, but the meaning of the word is being extended by adding the bullfights and the dog and cock fights in the gambling ambit. They remain a question unanswered. This is because of the simple reason that gambling is now associated with status of the people and thus Bullfights etc. are considered to be street sports rather then gambling. Although their nature remains essentially the same.Gambling has seen as a rising industry after the amalgamation of the practice with traveling and leisure. The hot destinations in North America provide exotic locations for the rich and the famous to dole out millions at the mercy of lady luck. In other words gambling has glamorized getting bankrupt. Nevertheless, the practice has seen the changing times and history has it that it dominated many kingdoms. Thus we can safely presume that as long as the mankind exists gambling will breathe with it.