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"description": "Daily Maverick is an independent online news publication and weekly print newspaper in South Africa.\r\n\r\nIt is known for breaking some of the defining stories of South Africa in the past decade, including the Marikana Massacre, in which the South African Police Service killed 34 miners in August 2012.\r\n\r\nIt also investigated the Gupta Leaks, which won the 2019 Global Shining Light Award.\r\n\r\nThat investigation was credited with exposing the Indian-born Gupta family and former President Jacob Zuma for their role in the systemic political corruption referred to as state capture.\r\n\r\nIn 2018, co-founder and editor-in-chief Branislav ‘Branko’ Brkic was awarded the country’s prestigious Nat Nakasa Award, recognised for initiating the investigative collaboration after receiving the hard drive that included the email tranche.\r\n\r\nIn 2021, co-founder and CEO Styli Charalambous also received the award.\r\n\r\nDaily Maverick covers the latest political and news developments in South Africa with breaking news updates, analysis, opinions and more.",
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"contents": "<span style=\"font-weight: 400;\">South African research company Infoquest recently surveyed 300 gamblers, 139 of whom were aged between 18 and 34.</span>\r\n\r\n<span style=\"font-weight: 400;\">The study found that young people in SA who participated in online gambling and sports betting did so on average 11 times a month and that 39% of young gamblers used their winnings to gamble again, while 30% claimed they were gambling with excess funds.</span>\r\n\r\n<span style=\"font-weight: 400;\">“Addressing this issue is critical to safeguarding the wellbeing and future prospects of young people,” said Infoquest managing director Claire Heckrath.</span>\r\n\r\n<span style=\"font-weight: 400;\">“Young people, often drawn to these online games by the prospect of quick financial gains and the excitement of risk, are increasingly engaging in gambling activities, sometimes with devastating consequences. This trend can lead to addiction, financial instability and adverse effects on mental health and academic performance.”</span>\r\n\r\n<span style=\"font-weight: 400;\">Younger gamblers participated in more types of gambling activities than their older counterparts and had been gambling for between two and three years, the study found. </span>\r\n\r\n<span style=\"font-weight: 400;\">The most common reason for gambling, according to the survey, was “I need extra money and hope that I will win.” </span>\r\n\r\n<b>Read more in Daily Maverick: </b><a href=\"https://www.dailymaverick.co.za/article/2022-01-27-young-south-africans-gamble-with-their-lives-in-miserable-web-of-online-betting/\"><span style=\"font-weight: 400;\">Young South Africans gamble with their lives in miserable web of online betting</span></a><span style=\"font-weight: 400;\"> </span>\r\n\r\n<span style=\"font-weight: 400;\">According to </span><a href=\"https://www.statssa.gov.za/publications/P0211/P02111stQuarter2024.pdf\"><span style=\"font-weight: 400;\">Statistics South Africa</span></a><span style=\"font-weight: 400;\">, the number of unemployed young people in the country increased to 4.7 million in the first quarter of 2024. At the same time, the number of employed young people declined to 5.9 million, increasing the unemployment rate from 44.3% in 2023 to 45.5%</span><span style=\"font-weight: 400;\">. </span>\r\n<h4><b>Regulations</b></h4>\r\n<span style=\"font-weight: 400;\">Heckrath said, “The Gambling Board has strict requirements, but whether these are adhered to is another story completely. It is very easy for [young people] to register online if they are underage by providing parental ID numbers, etc, and whether this is checked is a concern. </span>\r\n\r\n<span style=\"font-weight: 400;\">“We have been in contact with the Gambling Board to get this information, but they have not responded to this question so far. </span>\r\n\r\n<span style=\"font-weight: 400;\">“With the accessibility of online gambling platforms, gambling is now an activity that can be conducted in-home and anywhere and younger people are braver and take more risks, so this could lead to addiction.”</span>\r\n\r\n<span style=\"font-weight: 400;\">Heckrath said online gambling platforms used sophisticated marketing tactics and algorithms to target specific people. This, Heckrath said, made it imperative to implement preventive measures, provide education on the risks and offer support to those affected. </span>\r\n\r\n<span style=\"font-weight: 400;\">“As gambling becomes increasingly accessible through digital platforms, understanding these patterns is vital for developing effective policies and support systems to safeguard the wellbeing of young South Africans,” Heckrath said. </span>\r\n\r\n<span style=\"font-weight: 400;\">“Winning can create a powerful psychological effect that urges individuals to gamble more due to a combination of emotional and cognitive factors, with gamblers believing that they will continue to win.” </span><b>DM</b>",
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