South Africa gambling revenue up more than 25% in 2023-2024 fiscal year, reaching US$3.37B
Regulation · 2024-10-10
South Africa gambling revenue up more than 25% in 2023-2024 fiscal year, reaching US$3.37B
Gross gambling revenue in South Africa hit a record ZAR59.3bn ($3.37bn) in the 2023-24 financial year, while player spending also reached an all-time high.
Revenue was 25.7% higher than ZAR47.12bn in 2022-23, the existing yearly record for South Africa. The latest report from the country’s National Gambling Board covers the 12 months to 31 March 2024.
Sports betting was again by far the largest source of revenue, generating ZAR35.91bn, or 60.5%, of all revenue. This is 51.2% more than in the previous year.
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