Botswana gambling losses surge ahead of festive season
The context of the warning is rooted in the increased vulnerability of citizens during December and January, periods when the authority notes a rise in gambling-related distress calls.
Botswana.- The Botswana Gambling Authority has warned the public about a sharp rise in player losses, projecting that the gross gambling revenue (GGR) will reach P1bn (around €64.5m) by the end of the 2024/25 financial year.
The caution was issued by the authority’s acting Chief Executive Officer, Moruntshi Kemorwale, as the country enters the holiday season, a period historically associated with increased gambling activity and subsequent distress calls.
The projected P1bn GGR is based on the current trajectory of the local gambling market, which has consistently grown following the expansion of licensed digital and SMS-based competitions.
Mr Kemorwale emphasised the significant financial risks to citizens who mistakenly treat gambling as a reliable source of income. He said: “As Botswana enters the festive ‘silly season’ of bonuses, bright lights and holiday excitement, the Gambling Authority has cautioned that not all that glitters is gold. Gross Gambling Revenue is projected to reach P1 billion by the end of the year.”
The context of the warning is rooted in the increased vulnerability of citizens during December and January, periods when the authority notes a rise in gambling-related distress calls. Individuals, driven by the desire for quick financial relief or excitement during the holidays, often risk their savings or borrowed funds.
The Gambling Authority’s intervention is intended to mitigate the financial instability that typically accompanies growth in the sector. The authority’s role includes creating a balanced, regulated gambling environment that supports the industry’s expansion whilst ensuring the excitement of gaming does not lead to household financial crises.
