🔥 Betting the house: Africa embraces gambling - African Business Magazine

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PDF | On Oct 1, , Peter Collins and others published Addressing problem gambling: South Africa's National Responsible Gambling Programme | Find, read​.


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When compulsive gambling brought me to my knees, the NRGP was there to We also educate South Africans about the potential harmful effect of problem.


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The country's sports betting industry has burgeoned in recent years. This has created concerns that it's leading to severe addiction problems.


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Gambling is booming in Africa, driven by the growth of online betting. distant servers, while resources to treat problem gambling are limited.


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But it's time that government's recognize the scale of the problem that's been created. Young gamblers. Supporters of mobile-based sports betting.


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When compulsive gambling brought me to my knees, the NRGP was there to We also educate South Africans about the potential harmful effect of problem.


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PDF | On Oct 1, , Peter Collins and others published Addressing problem gambling: South Africa's National Responsible Gambling Programme | Find, read​.


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PDF | On Oct 1, , Peter Collins and others published Addressing problem gambling: South Africa's National Responsible Gambling Programme | Find, read​.


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Thus the present report, in addition to giving a reasonably comprehensive insight into how South. Africans currently perceive and participate in gambling, will be of​.


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Drug of Passion: Sports Betting in Kenya

Read the original article. But these eventualities were never what were envisaged. In Kenya alone, a study found that an estimated two million individuals engage in mobile-based sports betting. These unemployed and underemployed youths are easily stimulated by sports which is a major craze on the continent. Countries like Nigeria, Kenya, Ghana, Uganda, Senegal, the Democratic Republic of Congo, and Tanzania are seeing a huge expansion in sports betting and other forms of gambling. Skip to navigation Skip to content. The Kenya study showed that most people who engaged in mobile-based betting did so in spite of the inherent dangers. This is particularly problematic in Africa because the continent has the youngest population in the world. And betting appears to offer a way out of poverty. Subscribe to the Daily Brief, our morning email with news and insights you need to understand our changing world. This places them in a cycle of perpetual debt. And a young and highly mobile-literate populace, plus the availability of affordable mobile telephones has led to the phenomenal growth of mobile money services in countries with otherwise low bank penetration. While this has had a positive effect on economies across the African continent, it has also had undesired effects on poor people. The proliferation of betting is one of the unintended consequences of the growth in mobile money services. Sign me up. The proliferation of betting is one of the unintended consequences of the growth in mobile money services which have taken off on the back of a drive for financial inclusion. Quartz Daily Brief. Cellular phone technology enabled low-income earners, many of whom live in economically fragile and conflict-affected countries, to access financial services. Only one out of six African youths are in gainful wage employment. Despite the crushing implications of sports betting through mobile phone platforms, the practice has become an intolerable addiction across the continent. These run the risk of being ignored because financial inclusion is still backed by multilateral organizations, governments, central banks, and private-sector actors. The exponential growth of mobile telephony has contributed to a higher betting prevalence and the rise of gambling addiction in Africa. They list off a number of gambling benefits including increased employment opportunities, easy money for low-income earners, tax revenue for government, and general economic growth. Over million Africans are aged between 15 and On top of this unemployment is extremely high. This is worrying given that betting has been recognized as a gambling disorder. Consumers now have easy access to online sports betting services even in remote areas. Betting on major European soccer leagues, as well as local and national teams, has become a multimillion-dollar industry. Yet financial inclusion remains an action point because the majority of adult Africans are unbanked. One of these is the fast-growing sports betting sector which has taken a number of African countries by storm. Governments need to recognize that, while, for the most part, financial inclusion through mobile money has had a positive impact, there have also been down sides. Update your browser for the best experience.{/INSERTKEYS}{/PARAGRAPH} One of the dangers is that low-earning young people often borrow money for betting. {PARAGRAPH}{INSERTKEYS}The growth in mobile money services has created new opportunities for merchants to sell their products and services. Much of this betting is done on mobile phones with studies showing that mobile platforms are quickly becoming the preferred means of gambling. This article was originally published on The Conversation. Since mobile phone platforms have been fronted as the key to improving financial inclusion on the continent.