Afrigather South Africans positioned R418 billion value of bets final yr, an 80% improve from the R233 billion wagered in 2021/22.
In keeping with The Outlier web site, inserting a wager, normally on a sports activities occasion, might be carried out both in particular person or on-line.
Majority of betting carried out on-line
In South Africa, about 80% of sports activities betting is completed on-line, with wagers made with simply a few clicks on a pc or cellular machine.
The full worth of bets is considerably increased than total income as a result of these don’t embody payouts and winnings are sometimes ‘recycled’ to position additional bets.
Nicely-known playing firms similar to Betway and Hollywoodbets dominate on-line betting – in addition to promoting and sports activities sponsorship.
Newcomer SuperSportBet, the results of a partnership between Nigerian betting firm KingMakers and MultiChoice, launched in January 2024 and is particularly focusing on sports activities followers.
Did you contribute to the R418 billion determine?
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