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Steady growth for gambling industry in South Africa

12 Sep 2017

ngb1 The 2016/17 financial report of the National Gambling Board of South Africa, reveals that the GGR (Global Gaming Revenue) increased by 3.8% on a year-to-year comparison.

However Tax revenue decreased by 1% to R2.7bn in 2017 with a total amount of SAR $27bn (£162m) being collected during the year. Casinos contributed the highest taxes amounts, at around 64%.

Sports and horse betting revenue increased by 14.3%. Specifically in sports betting, bookmakers GGR increased by 22% mainly due to the 2016 European Championship.

LPM (Limited Payout Machines) also increased by 14.1% reaching a total of SAR $2b. According to the report, it is believed that the percentage increase is due to the installation of machines in all provinces.

New operational Bingo positions were installed in North West and Eastern Cape, that led to a 36.6% increase in game's revenue.

The only decrease was observed in casinos in a percentage up to 1.8% to SAR $17b during the financial year. According to the report: "The slight decrease can, amongst others, be attributed to the decrease of operational positions in Gauteng, Western Cape, Mpumalanga, Northern Cape, Eastern Cape and Free State".

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Steady growth for gambling industry in South Africa

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