SURVEY | How much do YOU spend gambling online?
South African
South Africa's National Treasury views online gambling as a growing problem and proposes a 20% tax on gross gambling revenue.Summary
South Africa's National Treasury has identified online gambling as a significant contributor to gambling addiction, exacerbated by its 24/7 accessibility. The National Gambling Board reported a total wager of R1.5 trillion in the 2024/25 financial year, a 31.3% increase year-on-year, with betting activities accounting for 75% of this turnover. Gross gambling revenue from betting surged by 390% over the past five years, reaching R51.97 billion. In response, Treasury proposes a 20% tax on gross gambling revenue from online betting, adding to existing provincial taxes for a combined rate of 26-29%. The article concludes by prompting readers to consider their own contribution to the R1.126 trillion in total turnover.
(Source：South African)