Government is eyeing out gambling winnings in 2025. Last year, the betting industry surged to R1.1 trillion in money wagered. That represents a 40% increase from the previous year. And total gambling revenue touched R60 billion, a 26% increase, reports Business Tech.
However, the sudden boom does raise morale issues over South Africa’s relatively unregulated R1-trillion industry. There is no doubt that as more people open accounts, the possibility of problem gambling increases. Daily Maverick reports that middle- to low-income players are eager to change their economic circumstances. In the face of on-going socio-economic issues, online sports betting provides an opportunity to change circumstances.
Read More here : https://www.thesouthafrican.com/news/business-and-economics/gambling/government-wants-slice-gambling-winnings-in-2025
