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Casinos are king in South Africa, but sports betting grows fastest

Casinos are king in South Africa, but sports betting grows fastest

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South Africa’s casino industry remains the biggest player in the country’s gambling market, but sports betting is coming on fast.According to PricewaterhouseCoopers, casino revenue grew 6.7% to R18.2b in 2015 and PwC expects the casino market to be worth R22.4b by 2020. But the vertical’s share of the overall pie is shrinking. Casinos accounted for 70% of 2015’s overall gambling revenue, down from 73% in 2014 and from 81% in 2011.

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