Gambling and Revenue Leakages on the African Markets: A Quest for a Lasting Intervention
Author : Chingozha MP, Chingozha Y, 3Prof Extra Ord Mawere M, Dr. Hlongwana J and Magwatura K
Abstract :
The rate at which the legal framework responds to changing trends in gambling in Africa is rather slow. While the environment is continuously mutating the corridors of power usually have so much to offer to deal with the obtaining realities, the delay to institute appropriate legal frameworks causes serious revenue leakages and the African economy to bleed and continue to suffer losses. This can only be avoided if the intervention come promptly. In terms of the adoption process, the intervention by Africa would fall within the laggards (Rogers, 2003). This is largely so due to the fear and suspicion that comes due to information lack or mistrust. In Africa, gambling is on an upward trajectory. This is more so via the online space, as supported by the growth in accessibility of the internet and ability to secure the digital gadgets with which the citizens can easily access gambling sites from wherever they are. Gainsbury (2015) found that internet gambling is one of the fastest-growing gambling modes globally. The findings suggest that outright prohibition is often ineffective due to the borderless nature of digital gambling. Instead, regulatory frameworks promoting licensing, taxation, customer verification, responsible gambling, and technological monitoring may improve government revenue collection while protecting consumers. The study recommends policy reforms aimed at integrating operators into regulated markets rather than relying exclusively on bans.
Keywords :
Online gambling, Revenue leakage, African Markets, Banning, Regularisation.
