SOFTSWISS report reveals South Africa's booming iGaming market and regulatory landscape

South Africa's iGaming market is experiencing significant growth, with projections indicating a total revenue of around EUR 64.9 million by 2028. SOFTSWISS has released a comprehensive South African market report free of charge, shedding light on this thriving industry. 

The report delves into the recent acquisition of Turfsport, a prominent provider of wagering solutions in South Africa, offering valuable insights into the expanding iGaming landscape. 

It examines unique aspects of the South African market, such as state licensing, sports betting trends, and gaming preferences. In South Africa, online gambling falls under the jurisdiction of nine provincial regulatory bodies operating within the framework of the National Gambling Board. 

These bodies oversee the licensing of various gambling activities, including online sports betting, within their respective provinces. Operators must navigate the regulatory nuances and consider licensing options specific to each region. 

Despite national restrictions on interactive gaming, several provincial gaming boards have proactively broadened fixed odds betting opportunities in recent years. This proactive approach has boosted the popularity of online betting, leading to a notable surge in iGaming revenue and the collection of gaming taxes.