South Africa’s gambling industry continues to grow, with the National Gambling Board reporting that between April 1, 2023, and March 31, 2024, over R1.1 trillion was wagered. The gross gambling revenue (GGR)—the amount wagered minus winnings paid out—stood at R59.3 billion, a significant 25.7% increase compared to the previous year.
Betting emerged as the leading contributor, accounting for 60.5% of the total GGR at R35.9 billion. Other sectors had more modest showings:
- Casinos: R17.4 billion (29.3%)
- Limited Payout Machines (LPM): R4.1 billion (7%)
- Bingo: R1.9 billion (3.2%)
While betting in South Africa grew by a striking 51.2%, traditional casinos remained largely stagnant, with only 0.1% growth. LPMs experienced a slight decline of 1.9%, and bingo saw a modest increase of 2.4%.
Western Cape Leads the Way
Regionally, the Western Cape maintained its status as the largest gambling market, contributing 31.7% of the national GGR. Gauteng followed with 22.1%, and Mpumalanga was close behind at 21.9%. Together, these three provinces dominate South Africa’s gambling landscape, accounting for the majority of revenue generated.
The gambling sector also delivered a notable boost to government revenue. Taxes and levies from the industry totalled R4.8 billion, representing a 19.2% increase from the previous year. This growth reflects both the expanding industry and the government’s ability to capture its share.
The Road Ahead
As betting continues to dominate and other sectors face slower growth or declines, South Africa’s gambling industry shows signs of transformation. The focus on betting reveals shifting consumer preferences, while traditional forms of gambling may need to adapt to remain competitive.
With R1.1 trillion wagered in a single year, gambling in South Africa has become more than a pastime—it’s a significant economic player. The challenge now lies in balancing growth with responsible regulation and addressing the broader implications for society.
