Infact gambling has made many to go broke and live in poverty many has lost their life savings and even pension in gambling, I am of the view that gambling should be controlled by the government of each country and that there should be a maximum amount of money one should use in gambling.
Do you know that there is something called responsible gambling? We all know how bad gambling can end up. Gambling-addicted people even take loans and sell their assets to gamble more and expect to win something big which will change their lives. Even if they win something big, the addicted people will gamble more to make additional money. Unfortunately, that is not how it works.
I don't think the government would be able to control the entire gambling industry since there are a lot of unregulated online casinos. The government can't monitor the casinos. People never reveal their wealth in casinos. Even if they are broke, they will act like they are rich.