Daily Newsletter

Sports betting boom: Opportunity or risk for Zimbabweans?

Jimmy Murwira-Herald Correspondentย 

Sports betting has become a phenomenon in Zimbabwe, transforming lives in various ways.ย 

Once considered a niche activity, it is now a mainstream pursuit, attracting thousands of participants daily. 

Thanks to advancements in technology, betting is no longer confined to physical spaces. 

People can now place wagers on their mobile phones, making it more accessible and convenient than ever before.

 However, while sports betting has provided opportunities for financial gain, it also presents significant risks that cannot be ignored.

Globally, sports betting has evolved into a multi-billion-dollar industry, and Zimbabwe is no exception. 

The allure of quick cash has drawn people from all walks of life, with football being the most popular sport to bet on. 

The emergence of mobile betting apps has revolutionised the industry, allowing users to place bets from anywhere at any time.

This convenience has contributed to the rapid growth of the betting culture in the country.

Beyond football, Zimbabweans have recently embraced a new trend known as โ€œAviator,โ€ or โ€œkandegeโ€ as it is popularly called on the streets. 

This fast-paced betting game has gained a loyal following, offering the thrill of quick wins or losses. 

Unlike traditional sports betting, Aviator focuses on timing and strategy, making it an appealing option for those seeking instant results.

Traditionally, sports betting was dominated by men. 

Betting houses were male-dominated spaces where punters would gather to discuss odds and place bets.

However, this narrative is changing. 

Women are increasingly participating in betting, both online and in physical establishments. 

In betting houses across the country, women can be seen analysing games and placing their bets alongside men. 

This shift underscores how deeply sports betting has penetrated Zimbabwean society, cutting across gender lines and social classes.

For some, sports betting has proven to be a life-changing activity. 

Successful punters have used their winnings to start businesses, pay school fees, or support their families. 

The industry also provides employment opportunities, from bookmakers to tech developers creating betting platforms. Additionally, betting can add excitement to sports events, giving fans a vested interest in the outcomes.

Despite the potential for financial gain, sports betting carries significant risks. 

The most glaring danger is addiction. Many people fall into the trap of chasing losses, leading to financial ruin. 

Betting can quickly become a compulsive habit, affecting not only the punter but also their families and communities.

Unregulated betting platforms are another major concern. 

Unscrupulous operators prey on unsuspecting punters, promising big returns but ultimately disappearing with their money. 

This is why it is crucial for citizens to use only registered and licensed platforms regulated by the Lotteries and Gaming Board. 

These platforms offer a layer of protection, ensuring that punters are not scammed.

While sports betting is here to stay, it is essential for participants to exercise caution. 

Setting limits on how much to bet and recognising when to walk away are critical steps in responsible gambling. Public awareness campaigns about the risks of gambling addiction could also help mitigate some of the negative impacts.

Moreover, Government and stakeholders in the betting industry should work together to ensure that the sector is well-regulated. 

By enforcing licensing requirements and cracking down on illegal operators, authorities can create a safer environment for punters. 

Sports betting has undoubtedly changed the lives of many Zimbabweans, offering both opportunities and challenges. With the rise of mobile betting and the introduction of new games like Aviator, the industry shows no signs of slowing down. 

However, as more people, especially women, turn to betting as a means of income, it is crucial to promote responsible gambling practices. Betting can be a thrilling and potentially rewarding activity, but only when approached with caution and awareness of the risks involved.

Ultimately, the key to harnessing the benefits of sports betting lies in regulation, education, and personal discipline. For those willing to bet wisely and responsibly, the potential for positive outcomes remains within reach.

Following the recent 2025 national budget, the Minister of Finance, Economic Development, and Investment Promotion, Professor Mthuli Ncube, proposed a 10 percent tax on gross winnings from sports betting, effective January 1 next year.

Presently,  betting shops are charged a 3 percent tax on gross takings from punters. Punters  did not pay tax on their winnings but this has now changed. 

They will now pay a 10 percent withholding tax on gross winnings. This includes both in-house and online betting provided by local betting houses.

Related Posts

Strategies to silence guns key: President

Wallace Ruzvidzo-Herald Reporter SADC and Africa at large should intensify multi-faceted strategies to โ€œsilence the gunsโ€ on the continent, President Mnangagwa said yesterday.  Speaking at the graduation ceremony of the…

Grade 7 pass rate up

Remember Deketeke Herald Reporter Grade Seven results for this year were released yesterday, with a higher 49,01 percent pass rate, significantly up from 45,57 percent last year, due to better…

Leave a Reply

Your email address will not be published. Required fields are marked *

13 − 3 =

You Missed

Strategies to silence guns key: President

Strategies to silence guns key: President

Grade 7 pass rate up

Grade 7 pass rate up

Harare City Council loses US$70m per year

Harare City Council loses US$70m per year

Preparations for NDS-2 take shape

Preparations for NDS-2 take shape

Zimpapers dominates ZACC awards

Zimpapers dominates ZACC awards

TB Caucus relaunchย 

TB Caucus relaunchย 
Translate ยป