Online sports betting has undergone a great rise over recent years. The majority of people, mainly youngsters, are gripped into sports and sports betting, now more than ever. All sports betting is rising but football is becoming more and more popular. In South Africa, online sports betting has become a channel for income and entertainment.
Studies show that over 50% of adults place sports bets on online casinos in South Africa often. This is because most people in South Africa love their sports. When compared to other sports like hockey, basketball, and rugby, football seems to be one of the most loved sports in the country, especially European football leagues.
South American gamblers are also fans of placing bets on other sports like boxing, tennis, horse racing, basketball, and motorcycling races. It is their liking of such sports that has made sports betting so famous in South Africa.
Sports Mobile Gambling
Another factor that has led to a rise in sports betting is the increased number of mobile sports betting. According to statistics, more than 23 million South Africans now have access to a smartphone which has made it possible and easier to do practically anything on your phone. As smartphones become more affordable, they also became widely accessible. Research also shows that most gamblers in South Africa prefer to place sports bets on the go rather than sitting idly behind a computer screen.
Gambling Laws in South Africa
The South African government has enacted gambling laws that are aimed to control the market. However, these rules are friendly to both betting companies and the gamblers themselves. These lenient laws have played their part in luring in sports betting platforms and more South Africans to place their stakes on sports.
The Younger Generation
According to the United Nations, South Africa has around 60 million people that are around the median age of 27. This means that South Africa is a growing young nation that has a lot of potential. It is worth remembering that youth are easily persuaded into technological advancements. This means that they might easily accept the concept of sports betting, which might be another reason why the practice has risen in popularity.
Apart from that, the country’s unemployment rate has also risen to 32.5%, according to Trading Economics. This leaves many youths in South Africa with a lack of income, perhaps turning to sports betting in search of cash.
The popularity of online sports betting in South Africa is not expected to stop or decline any time soon. New sports are always being invented which gives rise to more sports betting opportunities. The love for various sports in the country such as rugby and soccer is always growing. Therefore, one can expect that more and more South African gamblers will join the online sports betting community in the future.