South Africans placed R418 billion worth of bets last year, an 80% increase from the R233 billion wagered in 2021/22.
According to The Outlier website, placing a wager, usually on a sports event, can be done either in person or online.
Majority of betting done online
In South Africa, about 80% of sports betting is done online, with wagers made with just a couple of clicks on a computer or mobile device.
The total value of bets is significantly higher than overall revenue because these don’t include payouts and winnings are often ‘recycled’ to place further bets.
Well-known gambling companies such as Betway and Hollywoodbets dominate online betting – as well as advertising and sports sponsorship.
Newcomer SuperSportBet, the result of a partnership between Nigerian betting company KingMakers and MultiChoice, launched in January 2024 and is specifically targeting sports fans.
Did you contribute to the R418 billion figure?
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