South Africa's gross annual revenue from gambling has reached a record high of 59.3 billion rand

The National Gambling Board of South Africa has released its report on the industry’s performance for the 2023-2024 financial year. Over the 12 months ending in March 2024, the total gross revenue reached a record 59.3 billion rand (approximately $3.2 billion).
A significant contributor to this revenue was the casino sector, which generated 17.36 billion rand (around $950 million), reflecting a modest annual growth of 0.5%. Limited payout slots—gaming machines with capped bets and prizes—accounted for 4.15 billion rand (about $220 million).
The sports betting sector saw remarkable growth, with revenues soaring to 35.91 billion rand (approximately $1.9 billion), an increase of 51.2% compared to the previous year. Of this total, 28.97 billion rand (around $1.6 billion) came from online platforms, while 6.94 billion rand (about $380 million) was generated by brick-and-mortar bookmakers. The bingo sector also experienced a gross revenue increase of 2.4%, reaching 1.89 billion rand (approximately $100 million).
South Africans set a new record for gambling expenditures in the 2023-2024 financial year, spending a staggering 1.14 trillion rand (around $63 billion), which marks a 40.2% increase from 2022-2023. Specifically, South Africans spent 297.42 billion rand (approximately $16 billion) in casinos and 53.74 billion rand (around $3 billion) on limited payout slots. Sports betting expenditures reached 761.26 billion rand (approximately $42 billion), while bingo accounted for 30.27 billion rand (around $1.6 billion).
Among all provinces, the Western Cape recorded the highest share of gross gambling revenue, totaling 18.79 billion rand (approximately $1 billion). The total amount spent by residents in the region was 353.19 billion rand (around $19 billion). Over the course of the year, South Africa collected 4.84 billion rand (approximately $260 million) in taxes from the gambling industry.
Notably, a new bill has been introduced in South Africa aimed at regulating the iGaming sector.