The profile of gamblers is predominantly made up of people from classes C, D and E, especially the black and brown population
A sector that should move R$ 130 billion in 2024. This is the scenario of electronic sports betting in Brazil, according to the consultancy Price Waterhouse Cooper (PwC). The impressive value represents significant growth compared to the previous year, when the sector generated R$67.1 billion.
With promises of quick rewards, betting attracts mostly young people from the middle and lower classes. Data from Datahub reveals that 59.8% of bettors are between the ages of 22 and 36.
The profile of bettors is predominantly made up of people from classes C, D and E, especially the black and brown population.
This scenario brings to light the “bets effect”, which raises concerns about the impact on household spending and the economy in general. It is estimated that monthly expenditure on online sports betting can reach up to 20% of the discretionary budget of low-income families.
The illusion of immediate enrichment makes sports betting a risky alternative, where the chances of winning are in favor only of the companies that provide the service.
Unlike gambling, getting rich with investments requires knowledge, patience and discipline. There are no promises of easy and quick returns in the financial market. The chances of positive and increasing returns are for those who prefer the long way around.
Therefore, financial education must be essential to reduce the scope of betting in Brazil, offering tools that clarify the risks and probabilities involved, which are always unfavorable to players.
Furthermore, knowledge to manage finances promotes the mindset of building sustainable financial goals.
And in the long run, it provides awareness to resist the pressure to participate in “games of chance”, thus promoting a culture of more rational and safe decisions.
The immediate challenge is to correct any excesses in the betting market and continue the work of disseminating financial education to the population and, in particular, to young people.
The path to wealth is hard work, and investing is a way to speed up this process. Beware of shortcuts!