Gambling. Photo by Kay on Unsplash
GThe strolling industry is one of the largest earning centers for South Africa. When we talk about gambling in South Africa, the casino comes out on top, followed by online sports betting. These two make up for most of the gambling in South Africa.
As South Africa’s gaming industry continues to grow in terms of revenue, experts suggest it will continue to grow. The gross income from games of chance (GGR) in South Africa (from all forms of gambling) rose to 11.2% in 2015 to R 26 billion. This booming business is expected to grow to R 34.8 billion by 2020. Experts estimate it will grow 6% per year.
There has also been an unprecedented increase in the number of gambling apps that accept real money offered by bookmakers like Betway or Sportingbet that are widely used by South African residents. By default, you can download these gambling apps from either the Google Play Store or the App Store and sometimes even directly from the providers themselves. Just like in real casinos, games like poker, roulette, blackjack or various casino slots are the most popular that can be played on mobile gambling apps. In general, before downloading any of these apps, you should get some information about the bonus systems of the apps as they are often different from each other.
The real king of South African gambling – casino
The casino alone accounts for 72% of gambling income in South Africa! Without a doubt, it is the undeniable king of gambling in South Africa. There are currently around 40 casinos operating across South Africa. South Africans enjoy hosting the fifth largest casino in the world, which is also Africa’s largest casino and is called “Rio Casino Resort”.
The casino, the undisputed king of the gambling business in South Africa, is facing little rebels these days. The advancement of technology has led to the emergence of new types of gambling, namely electronic bingo terminals, limited payout machines and sports betting outlets.
South African National Lottery
According to another poll in 2006, the South African National Lottery took first place in the referendum. But this type of gambling was stopped by the government long ago. This particular type of gambling has also been used to generate huge amounts of income. During the last year of operation, the company had total sales of R3.972 billion.
Second ace of South African gambling
The second largest earner in South Africa’s gambling business is online / offline sports betting. This particular type of gambling made South Africa a fortune as sports betting revenues rose 51.9% to R2 2.4 billion in 2015! Five times the sum of R478 million they earned in 2011. Horse racing has become more and more complicated for the locals by the government. Sports betting also overtook horse racing in 2015.
Regulatory changes to make gambling great again
Some severe changes have been made to South African gambling regulations. In order to be able to better control the gambling industry, they had to pass the “National Gambling Amendment Bill”. The new online gambling games such as slot machines, bingo, etc. posed a significant threat to South Africa’s revenue. To counter the new draft law to change gambling, there is an opportunity to legalize interactive gambling in the country and to make provisions for the regulation of this market to meet. The offline gambling business was against it so the bill has not yet come to power.
Controlling income from gambling
In 2010, online gambling was made illegal across South Africa. Even online games with servers outside South Africa were banned in the country. Only licensed horse racing and online sports betting were legal and generated enormous revenues for the state.
Every tenth South African is a player
While South Africa is not listed in the best gambling countries in the world, South Africa certainly enjoys playing as one in ten South Africans is a player. Each player spends an average of more than R150 on gambling each month. The main reason South Africa doesn’t make the top 10 list is South Africans’ salaries. On average, a person earns less than R 20,000 a month. If they want to spend more on gambling, they have to earn more first.
South Africa has a very healthy gambling industry with responsible gamblers, although there are still problems with illegal casinos, illegal online gambling and underground betting. If we talk about the national lottery, it is still the most popular form of gambling in South Africa, while Powerball is the fastest growing. South Africa’s gambling industry is not as famous as the US, but it is still quite large compared to other countries.