African states hike gambling taxes as addiction soars, and industry fights back
Summary
Across Africa, a surge in online gambling has prompted governments to increase taxes in an effort to curb addiction and bolster state finances. South Africa, the largest market, is seeing significant pushback from the industry, which argues that higher taxes will drive gambling underground. The National Gambling Board estimates that two-thirds of South African adults now gamble online, a substantial increase from 2017. The proposed 20% national tax aims to more than double revenue from the sector. However, betting firms contend that this will simply shift activity to unregulated sites. Reports indicate a dramatic rise in calls to national helplines for gambling addicts, with many seeking help due to economic hardship. Similar tax increases have been implemented in Malawi and Zimbabwe, while Senegal is grappling with its own challenges related to gambling addiction and financial loss.
(Source:Reuters)