The Forecast for South African Gambling in 2024

The Forecast for South African Gambling in 2024

The gambling industry in South Africa is undergoing significant growth, with online gambling taking centre stage. As we approach 2024, the trends and projections indicate a robust expansion in this sector, driven by technological advancements and an increase in digital adoption.


 

 

Growth and Revenue Projections

The online gambling market in South Africa is expected to reach a substantial revenue milestone in 2023, set at approximately $736.30 million. This impressive figure lays the groundwork for the projected growth in 2024 and beyond. The market is not only expanding in terms of revenue but also experiencing a steady annual growth rate (CAGR). This consistent growth is indicative of the increasing popularity of online gambling platforms amongst South African consumers.

Online Sports Betting

A significant portion of this growth can be attributed to the online sports betting sector. In South Africa, this particular segment is predicted to achieve a revenue of around $322.00 million by 2023. The popularity of sports betting, especially in a sports-loving nation like South Africa, is a key driver for the industry's expansion.

Regional Context and Comparative Analysis

In the broader context of the African continent, the gaming market, which includes online gambling, is expected to surpass $1 billion by 2024. This milestone, a first for the continent, highlights the growing significance of the gaming and gambling industry in Africa. Countries like Kenya, Ethiopia, and Ghana are also notable contributors to this growth, particularly in the mobile gaming sector.

Conclusion

The forecast for the South African gambling market in 2024 is highly optimistic, with substantial growth in online gambling and sports betting. These trends reflect the increasing digitalisation of entertainment and the growing acceptance of online gambling platforms. As the industry continues to evolve, it promises to bring new opportunities and challenges, shaping the future of digital entertainment in South Africa and across the continent.

Europa Casino
Europa Casino
Casino Tropez
Casino Tropez
Springbok Casino
Springbok Casino
Punt Casino
Punt Casino
ZAR Casino
ZAR Casino
10bet Casino
10bet Casino
Silver Sands Casino
Silver Sands
Tusk Casino
Tusk Casino
Thunderbolt Casino
Tusk Casino
Jackpot Cash Casino
Jackpot Cash
Yebo Casino
Yebo Casino
Mrfortune Casino
Mrfortune Casino
Boo Casino
Boo Casino
Galaxyno Casino
Galaxyno Casino
Hyper Casino
Hyper Casino
Spin247 Casino
Spin247 Casino

WHY ONLINE GAMBLING?

  • Private, Safe, Secure & Convenient
  • Support Always Available 24/7/365
  • Caters For All Budgets & Game Preference
  • Generous Bonuses, Offers & Rewards
  • Excellent Loyalty Reward Programs
  • Adjustable Minimum & Maximum Bet Size
  • Convenient Deposit & Withdrawal Options
  • Accessible from Mobile,Tablet & Desktop
  • Wider Selection Of Casino Games
  • Higher Payouts Between 90% - 97%
  • Huge Jackpots Paying Out More Often

Please publish modules in offcanvas position.