br>Gambling outlook: 2016 – 2020 • South Africa. At PwC, our.. 6.6. 6.4. 6.5. Sources: Statistics South Africa, International Monetary Fund,.
Below are some points on the outlook of gambling in South Africa from the fifth gambling industry annual edition of PwC for 2016 to 2020.
PwC noted that the gambling industry posted its second-largest gain in gross gambling revenue (GGR) during the past five years. Gross gambling revenues (GGR) from all forms of gambling rose 11.2% in 2015, to R26 billion. This is expected to grow to R34. 8 billion in 2020 – a 6% compound annual increase.
Prophecy for South Africabr>PwC noted that the gambling industry posted its second-largest gain in gross gambling revenue (GGR) during the past five years. Gross gambling revenues (GGR) from all forms of gambling rose 11.2% in 2015, to R26 billion. This is expected to grow to R34. 8 billion in 2020 – a 6% compound annual increase.
Below are some points on the outlook of gambling in South Africa from the fifth gambling industry annual edition of PwC for 2016 to 2020.
South Africa's gross gambling revenues (GGRs) are forecast to increase. to rise at a 12.3 percent compound annual rate to R5.2bn in 2020.
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South africa gambling statistics 2020Of all African nations, is the most prosperous, while also arguably suffering from the most chequered recent history.
But in the post-apartheid era, South Africa seems ready to build on its natural resources and passionate people, and evolve into a truly modern and successful society.
Yet, oddly enough, this land of raw natural beauty does not necessarily possess a particularly enlightened or progressive approach to gambling.
Interactive gaming in South Africa is indeed strictly prohibited, with South African citizens convicted of visiting online casinos potentially subjected to incredibly harsh penalties.
National Gambling Act Such are the provisions of the National Gambling Act of 2004, which continues to outlaw iGaming in the nation.
In fact, in the relatively recent history, all forms of gambling were completely forbidden in South Africa.
This stringent law was then repealed in 1994, by the initial National Gambling Act, which enabled a comprehensive licensing system for gaming.
An amendment had been proposed to the act in sycuan casino 2020 to allow online gambling in 2008, but this act was never enacted by Parliament, despite being passed.
In fact, just two years after this blow to the liberalisation of gambling south africa gambling statistics 2020 South Africa, further legislation was passed which made it illegal for foreign operators to target domestic players in the nation.
This legislation made it effectively impossible for anyone with a South African IP address to gamble online.
And this legal position was only solidified by an amendment to the National gambling act made just last year.
Yet this strangely prohibitive attitude to lincoln casino no deposit bonus codes gambling is not reflected in the online betting industry in South Africa.
This is a completely different proposition to casino betting, and is warmly welcomed by the authorities.
Regulated by the National Gambling Board — soon to be reconfigured as the National Gambling Regulator — all nine provinces in South Africa feature online sportsbooks, not to mention land-based casinos.
Important Figureheads Such is the warmth that the authorities in South Africa feel towards this more traditional form of gambling that important figureheads in the industry are the recipients of major awards.
For example, the National Gambling Board Chief Executive Officer, Caroline Kongwa, was shortlisted in the CEO of the Year category at 2019 Global Regulatory Awards.
And this exalted nomination for Kongwa only represented the enthusiastic attitude that South Africans have for gambling.
Sports betting in South Africa is little short of a national pastime, which reflects a cultural warmth for betting in the African continent.
This is ten times more than ; the second ranking country in the continent.
And the annual growth of gambling in South Africa is highly impressive, averaging 21% over the last ten years.
It thus seems a racing certainty that mobile casino betting would be a huge success in South Africa, were it indeed permitted.
And this becomes even more obvious when looking at mobile penetration in the country.
According to GSMA Intelligence Report, there are 98.
This south africa gambling statistics 2020 equates to 1.
By comparison, the United States has 106% mobile saturation with 0.
And it is also worth noting that mobile penetration is South Africa would south africa gambling statistics 2020 250% if confined to merely adults.
The seeming determination of the South African authorities to outlaw some aspects of online gambling thus seems entirely perverse, particularly in a country which has gaming and competition coursing through its veins.
Sport is absolutely the national pastime in South Africa, with the population hugely passionate about rugby and cricket in particular.
Cultural Melting Pot What is intriguing about South Africa in comparison to many other nations is the degree to which the nation is a cultural melting pot.
This is a hugely multi-ethnic environment, with 11 official languages.
Furthermore, different regions of the country have completely different opinions on which sports are the most compelling.
Pretoria, Durban, Port Elisabeth and Johannesburg see the prominent triplet of rugby, soccer, cricket enjoying differing degrees of popularity.
And since South Africa has been welcome back into the international community, its ability to generate inspirational sporting moments has been undimmed.
South Africans also excel in golf, cycling, boxing, tennis, running, field hockey, sailing, surfing, and triathlon, with the country punching well above its weight in a wide variety of fields.
The rich sporting history of the country is a source of national price, and virtually anyone remotely interested in betting in South Africa is a sports fan.
This authoritative document, which examined the whole of the gambling industry in South Africa, concluded that sports betting is by far the most popular activity.
For starters, there are 266 operational bookmakers and 971 retail outlets in the nine South African provinces, which compares with 38 casinos with 907 this web page tables in the country.
While one would expect there to be more bookmakers than casinos, the disparity is quite stark.
In addition to the sheer number of bookmakers, the trade in South Africa also offers a wealth of different betting options.
Reputable online sportsbooks are also hugely popular, and offer gamblers around 8,000 opportunities across 30 different sports.
This has meant that growth in the gambling industry has been an almost non-stop success story for the South African economy over the last south africa gambling statistics 2020 years or so, with revenue streams well established across multiple niches.
This has actually caused some controversy in South Africa, as some sports believe that they deserve a slice of the gambling cake.
For example, the South African Football Association has lobbied to receive funds from the money lodged in sports betting in South Africa, arguing that between 60% and 90% of bets placed are waged on soccer matches.
Template for Activity Interestingly, the gambling industry has become so successful in South Africa that other countries are beginning to use the nation as a template for their own activity.
ICE is a huge event south africa gambling statistics 2020 the gaming industry, drawing together many of the south africa gambling statistics 2020 players in the world of gambling for a three-day conference and confab.
It was thus highly significant that in 2018, the leading conference in the gambling slot videos april 2020 ventured outside of the confines of the UK for the first time, and with ICE Africa launching in Johannesburg on 24-25th October.
This landmark event hosted 24 African and 89 worldwide nations, and once again showed that gaming in South Africa is hugely mature.
The event also showed the huge potential that iGaming holds, and perhaps how odd it is that the South African government continues to censure this.
With the gambling industry in South Africa having proved so unbelievably popular, disproportionately so for the region, the nation is now often used as a yardstick for potential-to-capacity conversion read article />Oddly enough, developing economies such as those within Africa were ignored for quite a long time, as the assumption was that they had little do teach the developed world and Western marketplace.
But affiliates now recognise that countries in Africa offer lower legal barriers for viable operations, and, above all, possibilities of regulated markets that appeal to mature gambling companies.
Branching Out Vendors are also attempting to branch out, as the popularity of gambling in the country becomes increasingly apparent.
This has included some interesting gaming innovations, intended to implement games into sportsbooks, in order to fill the gaps in online slots and video poker caused by government legislation.
This has meant that gamification is on the rise in the capital of gambling in the African continent, while the evolution of cryptocurrency and related markets is driving the comprehensive regulation efforts of virtual assets.
This will be a growing trend in the years to come, particularly as young adults are so enthusiastic about online sports betting.
Millennials are also far more likely to embrace emerging technologies such as cryptocurrency, and it will be interesting to see what sort of impact this has on the South African gaming market in the years to come.
What we know now is that the majority of online sports bettors are young adults, and also that they overwhelmingly use mobile devices in order to place their bets.
Interestingly, research in the country indicates that only 25% of all target groups utilise desktop platforms in order to gamble.
With smartphones becoming increasingly affordable and widespread in the African continent, and the recent launch of the first commercial 5G networks, a perfect storm of the ideal conditions for mobile gaming is emerging.
Connectivity will become a buzzword in the gaming industry in South Africa in the years to come, and this aspect of gambling will be a point of competition between rivals that will define the industry.
Punters will https://internetbingogames.info/2020/how-to-be-successful-at-craps.html want flexibility as well as choice, and mobile is definitely the platform to help deliver this.
Improving Experiences In conjunction with this trend, innovative product improvements focusing on improving user interfaces, better design, more exciting content, and enhanced experiences will continue to improve the level of user engagement.
The multitude of developments in the gambling industry mean that South Africa will continue to remain a barometer for the entire continent, and even, increasingly, for the industry itself.
In this context, African punters can be optimistic that legislation regarding online casino play in South Africa is rescinded eventually.
Indeed, there are numerous national initiatives in Africa that are evaluating options for overall legalisation of online gambling, with technological advancements and increasing spread of mobile ownership in Africa making this particularly viable.
While it could be argued that the African gambling market is less sophisticated than the Western world, and thus players need some form of legal protection, the reality is that South Africa is entirely ready for its dated legislation to be lifted, and a more liberalised gambling environment to be created.
One of the biggest success stories on the entire planet in terms of gambling revenue generation, a country that by all accounts and statistical information available is in thrall to punting, yet one in which the laws related to online casinos are curiously restrictive, despite the seemingly vast revenue that opening up the trade would generate.
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“We strive to be the premier gambling regulator in the country, consistently. source of revenue, enhance tourism, develop and transform the gaming and horse.
This was one of the discoveries from PwC's fifth yearly release of the gaming business viewpoint for South Africa: 2016-2020. PwC noticed that ...