South Africa's gambling industry reported mixed results last year. While the casino segment continued to generate the lion's share of total gross gambling revenue, its market share declined... Ever since its legalisation on South African soil in 1994, gambling has grown into a multi-billion Rand industry in the country and, almost two decades in, the industry is worth more than R23 billion and contributes R26.9 billion into the country’s economy. Since the legalization of gambling in South Africa in 1996, the gambling industry has grown and evolved substantially. Technological advancements on existing forms of gambling and new forms of gambling have emerged and have created challenges for regulators and policy makers. Furthermore, some forms of illegal gambling have persisted and appear to be growing in popularity. Concerns about the South Africa has a very healthy gambling industry with responsible gamblers, even though there are still some 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 one. South Africa’s gambling industry is not as famous as the USA’s, but it is still pretty big compared to other countries. An Overview of the Gambling Industry in South Africa. Along with other countries like Nigeria, South Africa stands as one of the fastest growing markets, with a truly impressive growth rate. It has maintained a high level of integrity and compliance to the National Gambling Board (NGB) and is expected to grow further. Along with the National Gambling Board, the gambling industry is managed and operated by nine further provincial boards. The Gambling Industry In South Africa: What Is Changing In 2020? Over the last few years gambling in South Africa has seen a huge amount of change. With laws being passed and deals being signed between some of the biggest betting outlets, it appears to be a positive movement for the industry. But with over 40 casinos operating in South Africa at this time, could online gambling lead to a loss in revenue as a result. The Act also permitted the establishment of South Africa’s first lottery and reclassified horseracing as a gambling activity, not a sporting one. The rise of online gambling While the Act did a great deal to transform gambling in the country it was only eight years later in 2004 when another piece of legislation was deemed necessary to account for the appearance of online gambling. The “The South African Gambling Industry in South Africa 2019” report has been added to ResearchAndMarkets.com’s offering. This report on the South African Gambling Industry includes comprehensive information on the sector and its subsectors including the lottery, casinos, limited payout machines, bingo and betting including betting on horse racing. The South African Gambling Sector In the 2016/2017 financial year the local gambling sector achieved gross gambling revenue (GGR) of some R27bn and supported more than 70,000 jobs. While the casino segment continues to lead the market, GGR at casinos declined in 2017 for the first time in the history of the industry. Second Ace of South African Gambling The second biggest earner in the gambling business of South Africa is Online/Offline sports betting. This particular type of gambling made a fortune for South Africa, as Sports betting earning rose by 51.9% in 2015 to R2.4 billion alone! 5X times the total of R478 million they earned in the year 2011.
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