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- Money on sports bets increased by 80% in one year
- R418-billion worth of sports bets were placed last year
- Betway, Hollywoodbets remain SA’s online betting giants
South Africans placed R418-billion worth of bets last year, an 80% increase from the R233-billion wagered in 2021/22.
Betting involves placing a wager through a bookmaker like PlayaBets and Easybet on the outcome of a specific event, usually a sports event, and can be done both in person or 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 and is specifically targeting sports fans.
— 12 August, 2024Subscribe to the weekly newsletter for more charts like this
