South Africa Online Gambling Market Size & Outlook
South Africa online gambling market, 2018-2030 (US$M)
Related Markets
South Africa online gambling market highlights
- The South Africa online gambling market generated a revenue of USD 1,297.1 million in 2023 and is expected to reach USD 2,237.6 million by 2030.
- The South Africa market is expected to grow at a CAGR of 8.1% from 2024 to 2030.
- In terms of segment, sports betting was the largest revenue generating type in 2023.
- Sports Betting is the most lucrative type segment registering the fastest growth during the forecast period.
Online gambling market data book summary
| Market revenue in 2023 | USD 1,297.1 million |
| Market revenue in 2030 | USD 2,237.6 million |
| Growth rate | 8.1% (CAGR from 2023 to 2030) |
| Largest segment | Sports betting |
| Fastest growing segment | Sports Betting |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Sports Betting, Casinos, Poker, Bingo |
| Key market players worldwide | Evoke Pharma Inc, Betsson AB Class B, Entain PLC, Flutter Entertainment PLC, Churchill Downs Inc, Kindred Group PLC SEDR, Sportech PLC |
Other key industry trends
- In terms of revenue, South Africa accounted for 1.8% of the global online gambling market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Middle East & Africa, South Africa online gambling market is projected to lead the regional market in terms of revenue in 2030.
- South Africa is the fastest growing regional market in Middle East & Africa and is projected to reach USD 2,237.6 million by 2030.
Sports betting was the largest segment with a revenue share of 49.81% in 2023. Horizon Databook has segmented the South Africa online gambling market based on sports betting, casinos, poker, bingo covering the revenue growth of each sub-segment from 2018 to 2030.
The online gambling market in South Africa has experienced significant growth in recent years due to the increased adoption of mobile technologies and improved internet connectivity.
The current laws in South Africa do not allow online gambling operators to offer their services to residents. This has led to a situation where many people use offshore operators, which presents challenges for regulation and taxation.
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Online Gambling Market Scope
Online Gambling Market Companies
| Name | Profile | # Employees | HQ | Website |
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South Africa online gambling market size, by type, 2018-2030 (US$M)
South Africa Online Gambling Market Outlook Share, 2023 & 2030 (US$M)
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