An Optimistic Future for the Online Casino Sector in South Africa
The online casino all across the world is growing at a rapid pace. With more and more countries starting to regulate online gambling, the global audience that is engaging in online casino games in the future will be massive.
Unaffected by the pandemic
Looking closer to home, new forecasts have been issued that look at the online casino sector in South Africa over the next couple of years. This sector was one of the few in South Africa that was largely untouched by the COVID-19 pandemic. If anything, they had better fortunes as more people stayed at home and the likes of land-based casinos had to shut their doors.
The forecasts going forward showcase a fast growth rate continuing in South Africa. While there are still plenty of unregulated gambling sites operating in South Africa, there are many respected operators that are creating a lot of competition in the space.
A lot of people who are interested in investing in gambling in Africa are heading to South Africa. This is thanks to the legal frameworks that are in place, as well as great IT infrastructure. With the shift over to mobile gambling taking place more and more every day, it is only a matter of time before mass adoption is on its way all across Africa where many people historically did not have access to bank accounts.
Challenges facing the sector
Some of the key areas to look at in South Africa going forward will be the restrictions in gambling. There are many people in the government who are not fans of gambling expansions and they will likely push for tighter laws.
While South Africa was the initial country in Africa to have set up a gambling regulator, it is behind the likes of Kenya and Uganda in a lot of ways in terms of gambling expansion. Naturally, online fraud and privacy will become an issue that needs to be addressed, as well as the topic of responsible gambling.
There are many great platforms that people in South Africa can enjoy their favorite games, whether it is slots, blackjack, roulette, poker, and so on. Sports betting also holds a lot of interest so it is another area to be considered.
Africa is one of the markets that is poised for tons of growth in the gambling sector over the next few years and decades. A lot of established gambling operators are trying to position themselves to take advantage of these trends. Therefore, you will see more and more big names entering the space in South Africa, trying to entice players over with lucrative welcome offers.
Written for onlinecasino-southafrica.co.za by Adiela de Bruyn - on 21-01-2021