Colombo, Sri Lanka – As Sri Lanka battles economic instability, an increasing number of young people are turning to online betting in hopes of making fast money. However, gambling addiction experts warn that instead of solving financial problems, many are plunging further into debt.
With job opportunities shrinking and inflation skyrocketing, gambling platforms have become an attractive escape for the financially desperate. Betting sites offering sports wagering, online poker, and casino-style games have seen a dramatic surge in users over the past two years.
Reports indicate that many Sri Lankans are borrowing money or selling assets to fund their gambling habits. Some even resort to illegal loan sharks, leading to further financial ruin. The government has raised concerns over the rise in gambling-related debt and mental health issues, including stress, anxiety, and suicidal thoughts.
Despite efforts to regulate online gambling, foreign platforms continue to operate freely, targeting vulnerable individuals. Authorities are now working on stricter anti-gambling laws, while advocacy groups push for more awareness about the risks of compulsive betting.
Experts stress that public education, financial literacy programs, and mental health support are crucial to addressing the gambling crisis in Sri Lanka. Without strong intervention, online betting could become an even bigger social issue in the years to come.
English