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Online betting market explodes to twice the size of casinos.

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GUEST – Nkoatse Mashamaite, Chief Compliance Officer at the National Gambling Board
The growth of online betting in South Africa has been astronomical since the Covid-19 pandemic.
In that year, revenue (more technically, gross gambling revenue) at traditional casinos nearly halved to R10 billion (from R19 billion). It has steadily recovered since then, and last year it neared R17.5 billion. But the days of growth at casinos are long gone.
Revenue in the five years between 2015 and 2019 barely moved (from R17.8 billion to R18.8 billion). Over that same period, the share of the market held by betting operators (racing, physical bookmakers and online) doubled from R4 billion to R8 billion. This saw its share increase from 17% to 27%.
21 Oct 2024 2PM English South Africa Business News · Investing

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