South Africans wagered R1.14 trillion in 2023

JOHANNESBURG - South Africans spent an eye-watering R1.14 trillion on gambling last year: a figure so vast it rivals the national education budget.

Behind that boom is a dangerous debt spiral, with gambling participation doubling since 2017, and nearly three-quarters of young people already hooked.

READ: 'South Africans turning gambling for survival '

Families are losing homes, savings and stability as online betting grows unchecked.

Samantha Moyana, from National Debt Advisors, discussed this with eNCA.

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