Contract Law

Do I Have to Pay My Gambling Debt?

Do I Have to Pay My Gambling Debt?

If you ever gamble, you may not realize that you are entering into acontract with the casino or other gaming enterprise you’re gambling with (the “house,” so to speak). When you purchase casino chips, for example, the casino is offering to allow you to use them in games of chance and exchange them for cash at an established rate. In exchange, you are promising to pay them for the chips, and if you lose them at a game of chance, allow them to keep the chips.