Why South Africa is seeing a rise in gambling

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GUEST – Eunice Sibiya - Educator & Coach on Personal Financial management

Gambling is not a new phenomenon. From the gleaming slot machines on casino floors to playing “dice” on a random street corner, it has been and continues to be an activity in which many engage — whether young or old. However, online gambling, made accessible largely by smartphones, has become an even more attractive option to those wanting to try their luck.

Social media, Twitter especially, has become a platform where young people routinely share their personal gambling experiences. These are young people who bet on such online sites as Lottostar, Betway, Hollywoodbets and World Sports Betting, for example. Many of these young people bet continually on football games.

They talk openly about this, to the point of sharing screenshots of winnings. What has been distinctly amiss, however, are the converse narratives. What about everyone else who is gambling online but losing?
23 Oct 2023 1PM English South Africa Business News · Investing

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