Online gambling is poised for growth despite facing a litany of social, technical and regulatory challenges.
penetration – now at over 70% of South Africa’s population – and strong adoption of digital platforms is driving a surge in online gambling in South Africa.
According to the report, sports betting represents the bulk of revenues, accounting for some 60% of the market, or R36-billion. Sports betting taxes contributed R2.4-billion to South Africa’s national fiscus in 2023/2024. Data from the National Gambling Board shows that over the past 20 years, the gambling sector has grown annual gross revenues from R8-billion in the 2003/2004 financial year to a whopping R59-billion in 2023/2024. Over the same period, market share has shifted away from physical establishments – dominated by casinos at 89% market share – to online sports betting, which has taken 69% of the market in 2023/2024, with casinos at just 29%.
But the iGaming industry faces other challenges as well. As the mode these businesses use to distribute their products and services shifts from physical spaces to virtual platforms, the nature of the risks pertaining to the security of both the establishments and their customers also changes.“In 2025, protecting player data and ensuring regulatory compliance are non-negotiable.
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