During the last financial year, South Africans bet a total amount exceeding 1.5 trillion rand on gambling. This data was presented to Parliament by the National Gambling Commission.
Profit and Industry Growth
Even excluding payouts to winners, the industry generated a net profit of 75 billion rand, corresponding to the 'gross gaming revenue'. This figure is significantly higher than in previous years: last year the profit was 59.3 billion rand, and two years ago it was 47.2 billion rand, whereas four years ago it reached only 23.3 billion rand. This growth is characterized as exponential.
Shift Towards Online Betting
The main volume of revenue is now generated through mobile devices. Revenue from land-based casinos decreased by 4.1% last year, amounting to 16.6 billion rand. Meanwhile, bets placed using phones or tablets brought in 52.3 billion rand, which accounts for almost 70% of the total gaming revenue in the country. Industry statistics show that 81% of all bets in South Africa are made via phone or tablet.
Dominance of Sports Betting
Sports betting contributes the most. In one financial year, South Africans bet 761 billion rand on sports, which constitutes two-thirds of the industry's total turnover. Bets are placed on various events, including PSL football matches, test matches, and Wimbledon finals.
Financial and Social Impact
Government bodies are also recording increased revenue. Taxes and levies from gambling collected by provinces grew by 20% over the year, increasing from 4.84 billion rand to 5.81 billion rand. The Western Cape province leads in this regard, contributing about 30% of the country's total gambling income, while the Mpumalanga and Gauteng provinces follow. Furthermore, the industry directly employs over 33,000 people, and including related jobs in marketing, data, IT, and customer support, the total number of employed is estimated in the hundreds of thousands.
Legal Uncertainty in the Market
Despite rapid growth, the market remains somewhat unregulated. Existing gambling laws in South Africa have not substantially changed since 2004. Currently, Parliament is in the process of adopting specific regulations for online casinos, a process that has dragged on for over two decades. While this is happening, most funds move through licensed sports betting applications, while online casinos exist in a more grey legal area that regulators are trying to bring into order.
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