The Debt Trap Behind South Africa’s R1.14 Trillion Gambling Boom
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Guest: Dehan Scherman - Process Development & Change Manager, National Debt Advisors
South Africans wagered a staggering R1.14 trillion last year on par with the national education budget. But behind this extraordinary boom is a silent epidemic of debt. Gambling participation has doubled since 2017, with 74% of youth now gambling, often using credit cards, loans, or even selling possessions just to keep betting.
Dehan Scherman unpacks how online betting, relentless marketing, and 24/7 smartphone access are fuelling a dangerous cycle where households gamble to solve financial problems only to sink deeper into debt. He reveals the hidden costs beyond money, from broken families to mental health struggles, and offers practical steps families can take to protect themselves. For anyone feeling gambling slipping out of control, Sebastien also shares the very first step to getting help.
South Africans wagered a staggering R1.14 trillion last year on par with the national education budget. But behind this extraordinary boom is a silent epidemic of debt. Gambling participation has doubled since 2017, with 74% of youth now gambling, often using credit cards, loans, or even selling possessions just to keep betting.
Dehan Scherman unpacks how online betting, relentless marketing, and 24/7 smartphone access are fuelling a dangerous cycle where households gamble to solve financial problems only to sink deeper into debt. He reveals the hidden costs beyond money, from broken families to mental health struggles, and offers practical steps families can take to protect themselves. For anyone feeling gambling slipping out of control, Sebastien also shares the very first step to getting help.
