The South African gambling industry has reached new record-breaking milestones during the 2023-24 financial year, with gross revenue soaring to ZAR59.3 billion. This significant increase reflects the growing popularity of gambling in the country, driven particularly by the rise in sports betting and online platforms.
The total gross gambling revenue for the period, ending 31 March 2024, represented a 25.7% rise from the previous year’s ZAR47.12 billion, setting a new record for the South African market. According to the latest report from the National Gambling Board, player spending also hit an all-time high, demonstrating the sector's strong growth.