A new report on the current state of the South African gambling market has been issued by ResearchAndMarkets.com.
The report, named The South African Gambling Industry 2022, focuses on the country’s ever-growing market, including the state of the industry. It covers issues such as casinos and online gambling, limited payout machines, horse racing, sports betting and the lottery.
It also includes important information about factors which influence the market, including regulation, development and major players.
As per the report, the trend of growth in the online betting sector “is expected to continue, as the steady decline in the revenue market share of casinos has been going on for years. New products and the borderless online environment bring direct competition to traditional gambling establishments and deprive the country of licensing and tax revenue.”
Further, the report notes that the popularity of horse racing in South Africa has been declining in recent years in favor of other types of sports betting.
It explains that South Africa’s sports betting sector now centers around soccer, rugby and cricket, although horse racing is still a popular option. Bets can also be placed on any of the top international leagues at leading sports betting sites.
The report mentions a selection of major players who make up the South African gambling market. These include:
Caesars, Desert Palace, Eastern Cape Gambling and Betting Board, Egoli Gaming, Free State Gambling, Liquor and Tourism Authority, Golden Nugget Club, Gold Circle, Hollywood Sportsbook, Ithuba Holding Company, KwaZulu-Natal Gaming and Betting Board, National Gambling Board, NW Gambling Board, Showboat, Sun International, Supabets, Supaworld Gauteng and Tsogo Sun.