The iGaming products market in South Africa is actively growing. Approximately half of the sector’s revenue is generated by betting platforms whose users prefer eSports.
Analysts at SOFTSWISS, a leading provider of solutions for the iGaming industry, published a large-scale study of the online gambling market in South Africa. According to their data, the sector’s revenue is expected to reach €51 million in 2024. This figure shows steady growth trends and could reach €64.9 million by 2028.
The main growth driver for the sector is the sports betting segment. Bookmakers’ revenues are forecast to reach €24.3 million in 2024. The profile of local users and their preferences are also actively changing. For example, sports betting attracts an increasingly younger audience, with 51% preferring eSports.
Moreover, the local audience prefers “simplicity and instant gratification,” so crash games, the most popular of which is Aviator, are especially popular among online casino users.
Crash games involve the following mechanics: during the game, an element moves up the chart. Parallel to the movement of this element, the coefficient that is applied to multiply the bet in each round increases. The participant has the opportunity to collect the accumulated winnings at any time, as long as the element continues its upward movement. However, if the element falls, the game stops, and the player’s bet is burned.
Note: Any kind of gambling involves the risk of financial loss. In some cases, it may lead to the development of a gambling addiction. CP Media strongly recommends that you refrain from this type of entertainment.
The report by SOFTSWISS provides more details about the iGaming market in South Africa. Recently, the company won the SiGMA Africa Awards in the Responsible Gaming 2024 category.
