Over the years, gambling has been analysed using an interdisciplinary approach. The aim of this paper is to analyse gambling, both as a legal activity as well as an illegal activity in Italy. In recent years, the Italian gambling market has undergone numerous interventions with the progressive legalisation and liberalisation of the sector, resulting in the consequent growth of gambling opportunities. Today the gambling sector is the third biggest industry in Italy. Using recent data, we will analyse gambling in Italy and the relation with taxation of the gambling market as an important source of revenue for the country. Lastly, considering the recent economic recession, we will set two questions concerning policy: does the gambling market have a positive effect on growth, aiding economic recovery and employment? Through an analysis of the data, we will also try to explain what effects it has on civil society, including increased social costs and increased possibility for criminal undertakings.