Work

Understanding Consumer Behavior in Kuching’s Black Market Gambling: The Psychological, Economic and Regulatory Impacts of Illicit Gambling Markets

Year: 2024

Type: article

Abstract: This study investigates the social, psychological, economic, and regulatory elements that influence Kuching, Sarawak, residents' involvement in illegal gaming. Using a non-probability purposive sampling technique and a structured questionnaire, data were gathered from 366 respondents. To get a wide variety of respondents, the survey was administered online. Key findings show that social influence, financial difficulty, and psychological pressure all strongly influence gambling behavior, with accessibility to illicit internet gambling platforms appearing as a key contributing factor. The study also shows that the problem is made worse by lax regulatory enforcement, which lets players bet with little concern about potential legal consequences. Regression analysis shows that both psychological health and economic stability are significantly harmed by consumer involvement in black market gaming. To address the root reasons of gambling habits, the study suggests community-based initiatives, economic interventions, the creation of legal alternatives, and more stringent regulation and oversight of online gaming platforms

Source: Journal of International Business Economics and Entrepreneurship

DOI: 10.24191//jibe.v9i2.3571

Authors: Universiti Teknologi MARA Cawangan Sarawak, Sarawak, Malaysia, Rudy Ujang

Institution: Universiti Teknologi MARA

Language: English

Topic: Gambling Behavior and Treatments

Subfield: Clinical Psychology

Field: Psychology

Domain: Social Sciences

SDGs: Peace, justice, and strong institutions, Decent work and economic growth

Open Access status: diamond

Funder: Universiti Teknologi MARA