Online Casinos South Africa. South African online casinos are the key market for the global online casino industry, with Kenya and Nigeria following immediately after. Even though gambling online at online casinos in South Africa is officially illegal, plenty of gambling enthusiasts are still seeking out reputable offshore online casinos to quench their thirst for this type of online.
Every week, new online casinos are being developed and sent out to the public. Most will fade away, but some will inevitably bring something new and exciting to the market. With an ever-increasing number of options, how do you know which new casinos are worth your time, and which aren’t?
What you need is an industry expert and, fortunately for you, the casino buffs at YeboYesCasino are here to help. We have researched dozens of new online casinos to separate the worthwhile from the worthless. Read our verdicts below, and discover the best new casinos on the market today.
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New online casinos targeting South Africansare on the rise, shows a new report by Researchand Markets. The precise number of online gaming platforms that openedtheir doors for South Africans last year isn’t known, but it’s big enough tohave impacted the growth of the industry.
“Online gamblingis increasingly taking share from on the ground casinos and other bettingoutlets,” part of the report read.
Regulations yet to Change
Surprisingly,South Africa is yet to make new regulatory changes that can support the rise ofonline casinos. Still, foreign iGaming companies have been launching in thecountry left, right and centre.
Research andMarkets, however, suggests South Africa is keen to update its gamblingregulation rules. The government plans to revise its laws about bingo, onlinecasinos, and forming a national gambling regulator.
In doing so, thegovernment hopes to provide an organized gambling industry that can alsocontribute tax revenues to the country.
Software Providers seeking Licenses
As new onlinecasinos scrabble to capture the burgeoning South African markets, so aresoftware providers. Sweden-based Evolution is the latest casino game developerto acquire a license in South Africa.
The companyacquired its gambling permit from the Western Cape Gambling and Racing Board(WCGRB) early in February. The Stockholm headquartered brand will now be ableto provide its live casino games to any online casino permitted to serve theSouth African market.
Evolution Gamingisn’t alone in providing casino games to South African instant-play gamingwebsites. From Netent to Microgaming, Play’n GO and Playtech, nearly allmajor software developers have been providing their games to iGaming sitestargeting South Africa.
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Land-based Corporations Dominant
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Although onlinecasinos are on the rise, they lag significantly behind their land-basedcounterparts. Research and Markets also reports an upswing of betting shops andlimited payout machines threatens to edge out the casino sector in the nextseveral years.
Betting shopsare particularly popular both those that provide betting markets for local andinternational sports. However, they are still far from up surging the gamblingsector.
Against thatbackdrop, all signs show online casinos could be the next most dominant sectorof the gambling industry within five years. They won’t replace brick and mortarcasinos any time soon, but they are projected to balloon tremendously.
Revenues Soar past R20 Billion
South Africa’sgambling revenues have been increasing consistently in the past several years.With the latest reports, the sector has grown from under R15 billion in 2013 toover R20 billion in 2020.
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As mentioned, theindustry’s massive growth is credited to the rise of niche gambling markets,like bingo, sports betting and payout machines. The South African governmentallows for the provision of these services at land-based gamblingestablishments.
But as Researchand Market states, that does not stop online casinos from providing the samegames. The country’s gambling act features ambiguous language about onlinegambling, allowing offshore companies to target South Africans without breakinglocal laws.
Illicit Gambling a Major Challenge
Research andMarkets says the lack of precise gambling laws in South Africa has led to therise of illegal gambling operators in the last several years. Again, thegovernment has been reluctant to combat on unlawfully reporting companies forunknown reasons.
The CEO of theCasino Association of South Africa, Themba Ngobese conquers. In a messageaddressing the government in 2018, Themba complained over the country’s refusalto fight against illegal gambling dens.
“Not nearlyenough is being done to combat illegal gambling,” theCASA executive said back then. “There are laws in place, but they aremeaningless without a firm and consistent commitment to enforcing them.”
Innovation to take Center Stage
As new onlinecasinos open, technology will be a huge factor in influencing their success in SouthAfrica. So far, the rise of mobile gaming has been crucial in popularizinggambling in the country.
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The penetrationof the Internet and its affordability are two other factors helping gamblinggrow in the country. With the advent of more innovations, like VR and livecasinos, more and more South Africans are expected to join and play onlinecasino games.