Story perspectives

South Africa's Gambling Boom: Online Betting Dominates Revenue

10/17/2025

36 6

Summary

Story summary

South Africa's gambling industry surged after Covid-19 lockdowns, reaching R1.5 trillion in the 2024/25 financial year.
Online betting accounts for 60% of gross gambling revenue, while traditional casinos have declined.
25% of South Africans hope for extra money to survive.
Influencers promote betting on social media, influencing discretionary spending.
Gambling legislation remains outdated, leading to severe financial consequences without government intervention.

1 of 1

Story summary

South Africa's gambling industry surged after Covid-19 lockdowns, reaching R1.5 trillion in the 2024/25 financial year.
Online betting accounts for 60% of gross gambling revenue, while traditional casinos have declined.
25% of South Africans hope for extra money to survive.
Influencers promote betting on social media, influencing discretionary spending.
Gambling legislation remains outdated, leading to severe financial consequences without government intervention.