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SPorts Betting Developments in South Africa
Monday, June 27, 2016 : ONLINE SPORTS BETTING DEVELOPING WELL IN SOUTH AFRICA.
Whilst the lawmakers have nixed general online gambling activity, the sports betting vertical continues to prosper.
South African lawmakers may have nixed the legalisation of online gambling in general, but the sports betting variant, which has restricted legality, continues to prosper.
The market is dominated by four major operators following the departure of Ladbrokes some time ago - Sportingbet, SunBet, Bet.co.za and the most recent arrival, Craig Venters Clickabet
A 2014 review of the sector prepared by the independent professional business services provider PwC predicted that the vertical will generate increased revenues at a growth rate of around 7.7 percent compounded annually to Rands 5 billion by 2019 from Rands 3.5 billion in 2014.
The overall sports betting market is presently delivering growth figures of almost 20 percent per annum, PwC reports.
Most South African sports betting goes to horse racing, but general sports betting is developing rapidly and should overtake horse racing and comprise 57 percent of wagering by 2017, according to PwC. That compares with the 46 percent of overall sports wagering recorded in 2014
In an interview with the local publication IT Web this week, Venter revealed that his newly-launched Clickabet is recording new registrations up by 40 percent, with a surge of 100 percent in betting volumes since the start of the Euro 2016 football championship. And with the championship now in the last 16 knockout phase, volumes are increasing even further.
"More and more people are getting comfortable placing bets in SA on an online basis," Venter said. "As broadband penetration increases in SA, this will grow even further."
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NBA Odds: Chalk-Heavy Warriors Host Portland for Game 2 -
The Golden State Warriors needed a strong fourth quarter to put away the Portland Trail Blazers on Sunday. But they still didn’t cover as 15-point home favourites in a 121-109 victory. Can they do better this Wednesday (10:30 PM ET, TNT) in Game 2 of their first-round playoff series?
Caesar’s Triumph Slot Launches -
Caesar’s Triumph is new slot at Bovada that features the Roman dictator in all his glory. The action takes place on five reels where you’ll find 20 paylines and plenty of ways to spin your way to victory.
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The Edmonton Oilers will attempt to defend their home ice advantage this Friday (10:30 PM ET on Sportsnet) against the San Jose Sharks. The Oilers (47-26-9) finished second in the Pacific, while the Sharks (46-29-7) finished third, but only four points behind their First Round foes.
Bingo Cataratas Offers Unique Spin on Classic bingo -
Bingo Cataratas (Spanish for waterfalls) is changing the way people think about bingo according to Bovada. Just because bingo is a classic with a huge following, doesn’t mean it can’t be spiced up with a fresh new format. Bingo Cataratas has the basic structure of bingo, but also has an “extra ball” feature and a bonus mini game.
NBA Odds: Hawks-Pacers in Regular-Season Finale -
Depending on the results of Game No. 81, Wednesday’s regular-season finale (8 PM ET, ESPN) between the Atlanta Hawks and Indiana Pacers could decide whether Indiana reaches the postseason. It could also give the Pacers a higher seed than Atlanta in the Eastern Conference playoffs.
Microgaming April 2017 new games -
Cool Buck and Mega Money Multiplier go live on Wednesday 5 April 2017. Both are available to Microgaming and Quickfire operators on desktop and mobile and come with in-game achievements and free games.
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