Home NewsRegulations & LicensesNGB Warns Against Using Betting for Financial Solutions

NGB Warns Against Using Betting for Financial Solutions

by Sienna Marques
0 views 2 minutes read
NGB Warns Against Using Betting for Financial Solutions

The National Gambling Board (NGB) of South Africa has issued a warning discouraging residents from regarding betting as a quick fix for financial challenges. This caution follows a recent study that highlights increasing unemployment rates in the nation.

In a statement released on Thursday, the NGB urged South Africans to exercise caution and view gambling as a source of entertainment rather than a means to escape financial difficulties.

Statistics South Africa's (StatsSA) Quarterly Labour Force Survey for the second quarter of 2026 indicated that the unemployment rate has climbed to 33.6%, rising from 32.7% in the first quarter.

Lungile Dukwana, the acting CEO of the NGB, emphasized the importance of prioritizing essential household needs before indulging in gambling. "The latest figures highlight the difficult circumstances facing many South African households, and during times such as these, every rand matters," Dukwana stated. "Food, accommodation, transport, education, and debt repayments must come before gambling. If you choose to participate, only use money that remains after your essential commitments have been met and only gamble what you can afford to lose. Protect the money you have to sustain your family."

The financial risks associated with gambling appear to be particularly pronounced among young South Africans. According to the StatsSA survey, 36.4% of individuals aged 15 to 24 are neither in employment, education, nor training.

Considering this data, the NGB referenced its own research, the 2023/24 Socio-Economic Impact of Gambling in South Africa, which revealed that gambling participation is most common among people aged 25 to 34. The study further showed that 54% of gamblers reported using their winnings to buy basic household necessities, while 43% relied on gambling profits to settle debts or bills.

Acknowledging the disproportionately high levels of economic exclusion faced by younger people, the NGB cautioned against using gambling as a form of income. "We recognize the heavy burdens facing young people across the country. Our message is not one of judgment, but of protection," Dukwana declared. "Gambling is an uncertain activity, and there is no guarantee of winning. It should never replace the pursuit of sustainable employment, education, or other legitimate opportunities for economic participation."

Additionally, the NGB reminded the public to only gamble through licensed operators and highlighted its Verified Gambling Operators Web Portal. This resource enables bettors to verify the licensing status of gambling operators before placing bets with them. Dukwana previously noted that the portal represents South Africa’s first comprehensive effort to display both land-based and select online gambling licenses in one accessible location.

You may also like