Fin24

South Africans on gambling spree

2012-11-14 11:45

Johannesburg - South Africans spent R257.6bn on gambling in 2011, according to a report by PricewaterhouseCoopers (PwC).

This equated to more than R8 000 per adult, said Nikki Forster, PwC Gaming Industry leader for South Africa.

Overall turnover for all types of gambling rose by 10.6% in 2011 from 8% in 2010.

PwC said turnover was projected to increase at a 6.3% compound annual rate during the next five years to R349.6bn in 2016.

Casino gaming revenue climbed steadily in 2011 and recorded its largest gain since 2007. It recorded a 7.3% increase in 2011, up from 6.3% in 2010.

Forster said casino gaming accounted for 81% of the gross gaming revenue in South Africa.

Sports betting made up 12% of the gross gaming revenue, with horse racing determined as the dominant component of the market.

Comments
  • marius.koen2 - 2012-11-14 12:23

    So many people being clueless...

  • crracker.crackerr - 2012-11-14 12:27

    At least you stand some chance to win something. But with the government and its hanger-ons you stand no chance. You don't even have a choice.

  • stirrer.stirrer - 2012-11-14 12:29

    The tax we pay to government is also gambling. Maybe you will get something back in the form of services, but chances are that you will get nothing and your money just disappears.

  • TrueTenacity - 2012-11-14 12:32

    Soon you're going to need to win the lotto frequently to travel around Gauteng and pay your bills...

  • andrew.grieveson.92 - 2012-11-14 12:41

    Currently there is more regulation governing placing money in a Unit Trust account than there is throwing money at a casino. Unfortunately you can't legislate against stupidity !

  • thepatrickwinter - 2012-11-14 13:28

    Sad truth of it is, there are alot of people in this country suffering from depression and many who feel desperate and isolated.

  • rodney.louis.7 - 2012-11-14 14:29

    Its considered as "grand" to hang out that the local casino ..lol sometimes the fun is worth more than the bucks you loose ..

  • Kritika Kapoor - 2013-04-04 09:17

    This type of clear idea about which you can select from online casino industry South Africa, first customer should be aware of the track records of several casino providers. You can safely trust as well on South Africa bonus website – www.onlinecasinobonus.co.za

  • Kritika Kapoor - 2013-04-04 09:18

    This type of clear idea about which you can select from online casino industry South Africa, first customer should be aware of the track records of several casino providers. You can safely trust as well on South Africa bonus website – www.onlinecasinobonus.co.za

  • Yvonne Pietersen - 2014-02-15 17:13

    Most of this is money laundering. No one person can feed tens of thousands of rands into one machine. If you had this money you would rather invest it.

  • Mojlef Thobane - 2014-03-04 14:09

    Hi, please help me guys. I am film student in my 2nd year. I have a project I want to do on gambling. The theme we are being given is "coming in from the egde". So I need someone who almost lost it all to gambling. I am talking house, family and friends. If anyone knows such a person please contact me on lefathobane@gmail.com thank you

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