Online gambling looks as if it will be legalized in South Africa in the coming few months through the Remote Gambling Bill, spearheaded by Geordin Hill-Lewis as it heads to Parliament. Currently, residents of South Africa are only allowed to gamble in licensed, brick and mortar locations, or using sportsbooks online. A very small amount of online gambling outlets exists in the country as many patrons are wary of sites being shut down, with their money still living in their accounts on the site.
The South African gambling industry is currently performing well, paying the government R2 billion worth of taxes from R16.5 billion in revenue. A cap for licensed gambling outlets exist in the nation, that figure being 40. Currently there are already 37 licensed establishments leaving merely 3 more licenses for growth. With just .6% growth last year in the sector, lobbyists and legislators are pushing for growth in the industry. [Read more…] about Online Gambling To South Africa