All factors add to the estimated growth within the next decade of $5230m or R97709 million. Key factors driving the incredible rate of expansion include faster internet speeds, increased cell phone penetration, and more positive gambling regulations. The casino industry in South Africa is a true story of success, and its growth year on year remains stable which attracts enormous interest from both investors and major online casino brands. In a global comparison, according to Statista, the South African market is worth US$1,009.00m and enjoys an annual growth of 8.20%, while the USA is predicted to generate US$19,140m by the end of 2023 and has a growth rate of 5.0%. The online gambling market in South Africa is estimated to reach a revenue figure worth R18,850m in 2023. Gambling endured an immense shift to modernize via technology focused on improving convenience to provide players with an ever more exciting experience, which no longer left players wanting to venture to land-based casinos.
