In the fiscal year 2023-24, South Africa's gaming industry grosses a record ZAR59.3 billion.

In the fiscal year 2023-24, South Africa's gaming industry grosses a record ZAR59.3 billion.

 A record ZAR59.3 billion (£2.58 billion/€3.07 billion/$3.37 billion) was generated by the gambling industry in South Africa during the fiscal year 2023-24. Additionally, player expenditure reached an all-time high during this same period.
 Revenue from gambling in South Africa Revenue was 25.7% greater than ZAR47.12 billion in 2022-23, which was the previous annual record for South Africa as of that time.  The most recent report from the National Gambling Board of the country covers the period of time from January 1, 2024, to March 31, 2024.

 Betting on sports is the most popular activity in South Africa.
 Once again, sports betting was by far the most significant source of revenue, generating ZAR35.91 billion, which is equivalent to 60.5% of the total revenue.  Compared to the prior year, this is a 51.2% increase.

 The revenue from online betting accounted for ZAR28.97 billion of this total, with the vertical accounting for 49% of the total income in 2023-24.  At the moment, the provinces of Northern Cape, Western Cape, Mpumalanga, Limpopo, and North West are the only ones that allow for the legalisation of online sports betting.

 The revenue generated by retail betting during the year amounted to ZAR6.94 billion, which represented 19% of the overall revenue generated by betting or 11.7% of the entire market revenue.

 Revenue is consistent across all other types of gambling
 The expansion that was observed in the sports betting industry was not observed in any other area.

 Retail casinos brought in ZAR17.36 billion, making them the second greatest source of revenue. Despite the fact that this figure stayed almost unchanged, it was 0.1% higher than the previous year.

 The income generated by limited payout machines (LPMs), which are gambling machines that have a restricted bet and prize, resulted in a decrease of 1.9% compared to the previous year.  Bingo accounted for the remaining ZAR1.89 billion in revenue, representing a year-on-year increase of 2.4%.

 Spending by players reaches a new high of ZAR1.14tn
 When we consider the amount of money that customers wagered, we find that it amounted to 1.14 trillion ZAR for the fiscal year 2023-24. This figure is 40.2% higher than the previous year's record of 815.11 billion ZAR.

 The amount of money wagered on sports reached ZAR761.26 billion, which is equivalent to 66.6% of the total wagers.  The regulator did not differentiate between retail and online sales in this regard, in contrast to revenue.

 Gambling at casinos resulted in a total expenditure of ZAR297.42 billion, which accounted for 26% of all wagers in 2023-24.  Bingo accounted for the remaining 2.6% of all bets, which amounted to ZAR30.27 billion, while LPMs accounted for an additional ZAR53.74 billion, which is 4.7% of all bets.

 The benefits of internet betting are evident in Western Cape
 When the market is broken down by province, the Western Cape province generated the maximum revenue from gambling, which was ZAR18.79 billion.  This resulted from players wagering a total of ZAR353.19 billion, which was the second highest provincial total in 2022-23.  The province of Western Cape is one of just a few provinces that gives residents the ability to legally wager on sports online.

 The most populous region in South Africa, Gauteng, came in second place with a total revenue of ZAR13.10 billion, which was generated from ZAR173.7 billion in wagers.  Although Mpumalanga ranked third in terms of income, it was the province that attracted the greatest wagers, totalling ZAR359.34 billion.

 During the course of the year, South Africa's tax revenue amounted to 4.84 billion South African Rand.  Sixty percent of this total, or ZAR2.41 billion, was generated by sports betting, which included ZAR889 million from online wagering.