Rolling the dice: SA’s growing appetite for gambling and betting
Gross gambling revenue surged to R59.3bn in 2023/24, rebounding sharply from the Covid-19 pandemic low of R23.3bn in 2020/21.
Auto Added by WPeMatico
Gross gambling revenue surged to R59.3bn in 2023/24, rebounding sharply from the Covid-19 pandemic low of R23.3bn in 2020/21.
South Africans spent R1.5 trillion on gambling activities during the 2024/25 financial year, with the betting industry showing explosive growth as people get desperate for quick money.
Gross gambling revenues are growing more than 25% a year as more South Africans admit to a gambling problem.