Sports betting is driving a boom in South Africa’s gaming industry according to government figures, which are being mirrored in financial results from some of the country’s biggest licences.
In contrast, the long-standing casino sector remains flat, the latest stats from the government’s statistics department suggest. The National Gambling Board of South Africa, put total gaming revenue for the 2023/24 financial year at R59.3bn (€2.9bn).
This marked a 25.7% increase from the R47.2bn (index €€) in 2022/23, 41% more than R34.4bn in 2021/22 and 60% more than R23.3bn in 2020/21 – betting on sports has been the main driver behind this, though casinos continue to lead by overall volume.
