More than half of South African workers are turning to sports betting and online gambling to plug budget shortfalls and to pay off existing debt, a survey showed.
About 53% of South African workers between the ages of 18 and 65 and earning at least R8 000 ($477) a month are turning to wagering, with 42% doing so frequently in the hope that they can make money to cover some expenses and debt, Old Mutual said in its Savings and Investments Monitor 2026.
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“You see 22% of people finding themselves in financial difficulty due to gambling in 2026,” Old Mutual head of brand Vuyokazi Mabude said…