Billions of gambling dollars coming into the country instead of out of the country. When discussing a gambling addiction, it hamful important for people to realize it hxrmful social and economic effects. The lure of money is very attractive to most, so finding a substitute just as alluring can be difficult. Can you commit to supporting AlterNet in this battle against Google? However, some types of gambling have particular characteristics that may intensify gambling problems.Effects of Problem Gambling on the Gambler. Problem Gambling can have a serious impact on the physical, emotional, and financial health of individuals who. Problem gambling is harmful to psychological and physical health. People dealing with this addiction can suffer from depression, migraine. But no matter how people consider gambling, it is still a vice that should be shunned because of its bad effects on the gambler. Keeping away.