The National Gambling Board says South Africans wagered a staggering R1.1-trillion in the local gambling industry between April 1 2023 and March 31 2024.
The gross gambling revenue (GGR) for the same period amounted to R59.3bn, a 25.7% increase from the previous year. The betting industry generated more than half of the total GGR.
“Analysis of GGR by gambling mode revealed betting to have generated 60.5% of industry GGR at R35.9bn. Casinos also generated a sizeable proportion of GGR at R17.4bn (29.3%). The limited-payout machines (LPM) industry is the third-largest sector (7%), generating R4.1bn during FY2023/24. The bingo industry generated 3.2% of revenues at R1.9n,” the report read.
In terms of regional contributions, the Western Cape emerged as the largest gambling market, accounting for 31.7% of the GGR. Gauteng and Mpumalanga followed closely, with contributions of 22.1% and 21.9% respectively.
The GGR growth between modes of betting showed that betting, including horse racing and sport, dominated the market, while other modes declined or experienced low growth.
“Betting increased by 51.2% relative to the previous year. The casino industry saw minuscule growth (0.1%), while LPM GGR declined by 1.9%. The bingo industry experienced low growth of 2.4%.”
The report highlighted that taxes and levies generated from the gambling industry amounted to R4.8bn, a 19.2% increase on the previous year.
TimesLIVE
South Africans wagered R1.1-trillion in local gambling industry in a year
Western Cape was largest market, with 31.7% of gambling revenue
Image: Ruslan Olinchuk
The National Gambling Board says South Africans wagered a staggering R1.1-trillion in the local gambling industry between April 1 2023 and March 31 2024.
The gross gambling revenue (GGR) for the same period amounted to R59.3bn, a 25.7% increase from the previous year. The betting industry generated more than half of the total GGR.
“Analysis of GGR by gambling mode revealed betting to have generated 60.5% of industry GGR at R35.9bn. Casinos also generated a sizeable proportion of GGR at R17.4bn (29.3%). The limited-payout machines (LPM) industry is the third-largest sector (7%), generating R4.1bn during FY2023/24. The bingo industry generated 3.2% of revenues at R1.9n,” the report read.
In terms of regional contributions, the Western Cape emerged as the largest gambling market, accounting for 31.7% of the GGR. Gauteng and Mpumalanga followed closely, with contributions of 22.1% and 21.9% respectively.
The GGR growth between modes of betting showed that betting, including horse racing and sport, dominated the market, while other modes declined or experienced low growth.
“Betting increased by 51.2% relative to the previous year. The casino industry saw minuscule growth (0.1%), while LPM GGR declined by 1.9%. The bingo industry experienced low growth of 2.4%.”
The report highlighted that taxes and levies generated from the gambling industry amounted to R4.8bn, a 19.2% increase on the previous year.
TimesLIVE
READ MORE:
Throwing the dice is how we roll
15 years for Gqeberha trust accountant who stole R18m
Father who took child without mother's permission loses custody battle
Las Vegas police arrest 57 striking casino workers, says union
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
News and promos in your inbox
subscribeMost read
Latest Videos