More South Africans Turning To Gambling To Cope With Rising Living Costs

A growing number of South African workers are turning to gambling, with new research showing that about 40% of employed South Africans now gamble frequently.

Insights from Old Mutual Corporate suggest that many employees are increasingly using gambling as a way to cope with financial pressure, cover monthly shortfalls or attempt to improve their financial situation.

At a national level, data from Statistics South Africa indicates that gambling accounts for a significant portion of recreational spending. Around 55% of what is classified as leisure expenditure is directed towards gambling activities.

Financial Pressure Driving The Trend

According to Keri Lee Edmond, Head of Business Intelligence at Old Mutual Corporate, the figures highlight the financial strain facing many South African households.

Edmond explained that gambling is increasingly being used as a coping mechanism rather than purely for entertainment. Many individuals are turning to betting and other gambling activities in an attempt to meet daily expenses, pay off debt or generate additional income.

She added that the trend reflects broader economic pressure, where short term financial relief often takes priority over long term financial security due to a lack of savings and financial reserves.

Impact On The Workplace

The increase in gambling among workers is also raising concerns for employers, as financial stress continues to affect employee wellbeing and job performance.

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Old Mutual Corporate warns that employees dealing with financial strain may struggle with concentration and productivity, creating additional pressure in the workplace.

The organisation says the issue is no longer limited to individuals but has become a broader workforce challenge that employers need to consider when supporting their staff.

While gambling remains more common among younger and lower income workers, Edmond noted that the behaviour is becoming more visible across different income groups as rising living costs and increasing debt continue to place pressure on households.