MyZA

News, Directory, Events and Other Stuff

You are here: Home / News / The rise of online gambling in South Africa: A look at household spending trends | SA News

The rise of online gambling in South Africa: A look at household spending trends | SA News

Gambling in South Africa is bigger than ever – accounting for 1.6% of total household spending.

The scale of the industry is staggering. Gross gambling revenue reached R59.3 billion in 2023/24, up 25.7% from the previous year, and nearly triple the R23.3bn generated just three years earlier, according to the National Gambling Board of South Africa’s latest annual review for the 2023 year.

According to Old Mutual’s Savings and Investment Monitor, 20% of gamblers have had to borrow, use credit, or sell something to fund their habit.

Nearly half of all working gamblers now play frequently, hoping to cover expenses or debt—a figure that has climbed sharply from 36% previously, the monitor…

Investigative Units: Many newspapers have dedicated investigative units that
focus on uncovering corruption and social injustices.

Read More at the Source

Category: Tag: , ,

If you feel strongly about this article then feel free to send MyZA a ‘Letter to the Editor’ using the submission form below:

Letter to the Editor

This field is for validation purposes and should be left unchanged.
If this is in response to an article please include that article title here or as the lead in for the first paragraph of your Letter below.

Separate tags with commas

Localise your letter by naming the city your words are about. Add relevant words describing your subject. Single comma separated words of no more than 5
Your Name(Required)
Your Name will be linked to the website below.
Your personal, business or social media web site
Choose NO to not set up a user account on MyZA. User Accounts will allow you to submit letters under your own Author Name

3 Latest Letters to the Editor:

  • Re: R8.5 Million Lotto Winner Claims Prize in Gqeberha

    Dear Editor This is indeed an exciting story for the community. Congratulations to the winner and may this bring positive change to Nomathamsanqa. As someone from KwaMashu, I understand the impact such winnings can have on township communities. Wishing the grandfather all the best. Regards Themba Zulu In Response to/From: R8.5 Million Lotto Winner Claims…

  • Re: Minister Tolashe and Postbank Black Cards

    Dear Editor I appreciate the Minister’s assurance regarding the smooth transition to Postbank Black Cards for grant beneficiaries. As a concerned citizen, I hope the government will ensure that all beneficiaries, especially elderly and vulnerable populations in areas like Soweto, receive adequate assistance during this transition period. The expansion of card replacement locations to include…

  • Lotto Winner Story

    Dear Editor This is indeed an exciting story for the community. Congratulations to the winner and may this bring positive change to Nomathamsanqa. Regards Willem Pieterse In Response to/From: R8.5 Million Lotto Winner Claims Prize in Gqeberha

Reader Interactions

Comments

  2. Fun South African Fact: The aboriginal people of South Africa are the San and the Khoi.