Responsible gambling is key to SA betting industry sustainability

The sports betting industry has seen rapid growth since the pandemic with an expanding audience transcending race and gender with a 40% increase yearly.

You can’t watch your favourite sport, be it a Betway Premiership game, a sold-out Springbok test, an English Premier League clash featuring Arsenal, or a Betway SA20 game, without seeing advertising for sports betting or an online casino game.

Sean Coleman, CEO of the South African Bookmakers Association,

“The South African Gambling Industry is facing an online, illegal gambling “pandemic”. Over 16 million South African citizens are gambling on illegal sites resulting in R55 billion in GGR going offshore. Apart from the obvious loss in taxation revenue to the fiscus, players are directly exposed to gambling harm and have no ability to self-exclude. We need to get this “pandemic” under control.”

The Betway Cares Foundation has been particularly active in supporting water projects in KwaZulu-Natal and Mpumalanga, sports development through multi-purpose facilities, uplifting communities with cleaning up litter projects, helping athletes and artists who have done South Africa proud on some of the biggest sporting stages of them all, contributing to women’s sport, the Betway 12th man program, which allows retired athletes to acquire new skills for the next chapter of their lives and…

Executive Director, Sibongile Simelane-Quntana believes that more can always be done:

“The foundation’s mandate is to prioritize the well-being of gamblers and their families by leading advocacy and raising awareness about responsible gambling.”

Source: headtopics.com

About Post Author

Samuel

I am a journalist specializing in gambling in Africa and around the world. I am particularly interested in stories about games and casinos.

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Samuel

I am a journalist specializing in gambling in Africa and around the world. I am particularly interested in stories about games and casinos.