The "Gambling Industry in South Africa 2024" report has been added to ResearchAndMarkets.com's offering.

This report on the gambling industry in South Africa includes casinos, limited payout machines, bingo, lotteries, horse racing and sports betting. There is information on the location and number of casinos, the state of the industry, revenue and key gambling statistics, market share, illegal gambling, notable players, corporate actions, regulations and influencing factors.

There are profiles of 30 companies including several gambling boards, major casino players such as Tsogo Sun and Sun International, lottery operator Ithuba, and sports betting companies such as 4Racing, Hollywood Sportsbook and SuperSportBet.

Key Market Insights

• The South African gambling industry recorded strong revenue growth in the year to end-March 2023, driven the growing popularity of sports betting.
• The National Lotteries Commission, currently under investigation over allegations of corruption, money-laundering and misappropriation of funds, reported increased revenue.
• The industry presents societal risks, exacerbated by the prevalence of illegal gambling and unregulated online activities.
• There has been significant M&A activity and some consolidation in the industry.

Market Trends

• Betting on horse racing has lost market share to other sports, notably football, rugby, cricket, basketball, tennis and darts.
• Betting on online skill-based games is increasing, particularly among younger players.
• Bookmakers and totes are increasingly sponsoring sporting events and teams, and using sport as a platform for advertising and marketing.
• National lottery tickets are increasingly being purchased online.
• Players are increasingly accessing gambling sites via mobile devices. Mobile sports betting apps have made sports betting more accessible.
• The betting sector, driven by online sports betting, has outstripped the casino sector to become the largest gambling activity.
• There is a greater focus on responsible gambling and player safety.

Opportunities

• Online sports betting is a high-growth sector that offers opportunities for expansion and diversification, locally, regionally and internationally.
• The development of new gaming products and mobile sports betting apps for domestic and regional markets.
• The expansion of traditional rural horse racing events and associated betting opportunities.
• The operation of national lotteries in other African countries.

Challenges

• Challenging economic conditions and rising operating costs.
• Financial and mental health risks.
• Illegal online gambling is difficult to monitor and regulate.
• The delayed implementation of online gambling legislation.
• The prevalence of corruption, money-laundering and other types of crime.

Market Outlook

• The industry's recovery has been supported by the rapidly-expanding sports betting sector.
• Online betting is expected to maintain its positive growth momentum, with demand expected to surge during the 2024 Olympic Games.
• Sports betting is projected to remain the driver of industry growth, but horse racing is expected to remain under pressure over the medium term.
• The growth of casinos and land-based gambling establishments is expected to remain subdued, and operators are expected to diversify into online betting.
• Illegal online casinos and betting sites are eroding the market share of licensed local operators and present potential risks to the gambling public.

   

Key Topics Covered:

1. INTRODUCTION

2. DESCRIPTION OF THE INDUSTRY

2.1. Industry Value Chain

2.2. Geographic Position

2.3. Size of the Industry

3. LOCAL

3.1. State of the Industry

3.2. Key Trends

3.3. Key Issues

3.4. Notable Players

3.5. Corporate Actions

3.6. Regulations

3.7. Enterprise Development and Social Development

4. AFRICA

5. INTERNATIONAL

6. INFLUENCING FACTORS

6.1. Unforeseen Events

6.2. Economic Environment

6.3. Labour

6.4. Environmental Issues

6.5. Technology, R&D, Innovation

6.6. Government Support

6.7. Input Costs

7. COMPETITIVE ENVIRONMENT

7.1. Competition

7.2. Ownership Structure of the Industry

7.3. Barriers to Entry

8. INDUSTRY SUMMARY

9. OUTLOOK

10. INDUSTRY ASSOCIATIONS AND REGULATORY ENTITIES

COMPANY PROFILES

• 4Racing (Pty) Ltd
• Betting World (Pty) Ltd
• Eastern Cape Gambling And Betting Board
• Easybet Group (Pty) Ltd
• Egoli Gaming (Pty) Ltd
• Emerald Safari Resort (Pty) Ltd
• Free State Gambling, Liquor And Tourism Authority
• Gauteng Gambling Board
• Gold Circle (Pty) Ltd
• Goldrush Group (Pty) Ltd
• Grand Parade Investments Ltd
• Greatodds (Pty) Ltd
• Hollywood Sportsbook Holdings (Pty) Ltd
• Ithuba Holdings (Rf) (Pty) Ltd
• Kwazulu-Natal Gaming And Betting Board
• Limpopo Gambling Board
• National Gambling Board
• North West Gambling Board
• Northern Cape Casino Consultants Kairo (Pty) Ltd
• Northern Cape Gambling Board
• O L I M P (Pty) Ltd
• Peermont Global (Pty) Ltd
• Pioneer Bingo North West (Pty) Ltd
• Pioneer Slots (Pty) Ltd
• Route Gaming Solutions (Pty) Ltd
• Sun International Ltd
• Supersportbet (Pty) Ltd
• Tsogo Sun Ltd
• Western Cape Gambling And Racing Board
• World Sports Betting (Pty) Ltd

For more information about this report visit https://www.researchandmarkets.com/r/o7ao1c

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