
In just four years, online gambling in South Africa has grown by 550%, reaching a staggering turnover of R1.14 trillion in the 2023/24 financial year. That’s nearly 17% of the country’s GDP. This figure, sourced from officially licensed operators, excludes offshore platforms and therefore doesn’t fully capture the extent of gambling activity.
Much of this growth has been attributed to a weak regulatory environment, aggressive marketing practices, and an increasingly digitised gambling ecosystem. Lockdowns during the COVID-19 pandemic accelerated the shift online, while platforms like Betway and Hollywoodbets have taken dominant positions in the market, reportedly controlling up to 75% of the betting sector.