Psychosocial and economic impacts of betting among the youth and adults in Bahir Dar City, Ethiopia

Sports betting has become rampant and negatively affected the lives of people in Ethiopia. This research aimed to assess the psychosocial and economic impacts of betting on the youth and adults in Bahir Dar city. The study utilized qualitative research methods and cross-sectional design. Data were collected through in-depth interviews, focus group discussions, and observation. Both purposive and convenient sampling techniques were used to select informants who were asked open-ended and probing questions. Thematic analysis was employed to analyze the collected data. The research findings reveal that individuals who engaged in betting were more prone to experiencing depression, financial instability, and strained relationships that disrupted parent-child relationships and contributed to divorce. Moreover, economically, adults often suffered substantial financial losses due to their involvement in virtual, football, and lottery betting, leaving them empty-handed. The study concludes that betting has substantial negative impacts on the mental health, social interactions, and economic stability of both the youth and adults. The findings indicate that appropriate interventions are needed to address the rise of betting and its negative psychosocial and economic impacts.