The DTIC or Department of Trade, Industry and Competition has kept the online wannabe gamblers waiting for the past decade. The lack of a regulatory gambling framework resulted in massive revenue and tax losses for the economy according to SunBet GM Nitesh Matai.

SunBet is the online betting arm of the Sun International hotel and resort chain in South Africa. Matai recently shared that the online gambling industry in South Africa is worth around R8 billion including i-gaming and esports. The annual growth rate in general between 2020 and 2027 is expected to be around 11.5%. Driven by the increasing use of mobile devices and internet penetration. At the media webinar, it was the view of many that the absence of a regulatory framework results in missed employment and economic opportunities, both could meaningfully contribute to the economy of the country.

R10,000 bonus + 100 free spins
Claim three welcome bonuses and a hundred zero wager spins!
Min dep: R50 | Wagering: 45x bonus
T&Cs
New customer offer.

First deposit: use the bonus code BONUS1 and get a 300% bonus up to R6,000 + 20 wager free spins.
Second deposit: use the bonus code BONUS2 and get a 50% bonus up to R3,000 + 50 wager free spins.
Third deposit: use the bonus code BONUS3 and get a 100% bonus up to R1,000 + 30 wager free spins.
Min dep: R50 | Wagering: 45x bonus
Be sure to read the casino's T&Cs.

Lack of Regulations Cost South Africa

The hard cost due to the lack of a regulatory framework is that the country loses out on tax revenues of money leaving the country. Plus, the winnings don’t circulate in the South African economy. While the fact remains that there are as many casinos online as there are players eager to enjoy online entertainment.

The consumer in South Africa is left at the mercy of operators, some are illegal and there are serious risks associated with illegal gambling online. In many countries online gambling is restricted or banned, the UK, however, legalized gambling online. A regulated environment would eliminate the risks now faced by online punters via consumer protection possible by rolling out licenses to operators that qualify internationally and locally.

Illegal Online Gambling Site Dangers

The list of illegal gambling sites dangers South Africans face at unregulated websites includes no identification or age verification. No protection against illegal software, no data safeguarding to prevent identity theft and no guarantee that games are fair or RNG. No help or assistance should operators hesitate or decide against payouts to winners.

The negativity also stretches to legal land-based operators, since illegal establishments prevent them from generating the revenue they should and reduces the profits made by licensed and regulated operators.

R15,000 bonus + 200 free spins
Claim three welcome bonuses and hundreds of spins on all-time favourite Statburst.
Min dep: R150 | Wagering: 40x bonus
T&Cs
New customer offer.

First deposit: you automatically get a 100% bonus up to R3,000 + 200 free spins on Starburst.
Second deposit: use the bonus code WSPINIT2 and get a 50% bonus up to R3,000.
Third deposit: use the bonus code WSPINIT3 and get a 25% bonus up to R4,500.
Fourth deposit: use the bonus code WSPINIT4 and get a 25% bonus up to R4,500.
Min dep: R150 | Wagering: 40x bonus
Be sure to read the casino's T&Cs.

Millions Wasted Promises Remain Empty

Millions of rands have been spent and countless hours wasted on consulting in trying to convince the government to review and publish new online regulations. Many promises followed and so did disappointments, and every now and then there are rumours that an announcement is to be made by the government. But absolutely nothing comes from it, while the National Gambling Board is still not able to respond to questions regarding the legalization of online gambling.

 

Leave a Reply

New on CasinoDeals
Africasino
Africasino

Claim your welcome package of up to R10,000 & 100 wager free spins

Spinit Casino
Spinit Casino

Claim a bonus bonanza of R15,000 & 200 free spins on Starburst!

Mansion Casino
Mansion Casino

Get a R50,000 welcome bonus to discover 650 prime casino games!

Punt Casino
Punt Casino

Punt Casino welcomes you with up to R10,000 on your first three deposits!

Black Diamond Casino
Black Diamond Casino

Snatch 25 no deposit free spins & up to R75,000 in match bonuses!

Best Sign Up Bonuses
Spinit Casino
Spinit Casino

Claim a bonus bonanza of R15,000 & 200 free spins on Starburst!

Africasino
Africasino

Claim your welcome package of up to R10,000 & 100 wager free spins

Yako Casino
Yako Casino

Let the fun begin with a 100% bonus up to R999 & 99 free spins!

Springbok Casino
Springbok Casino

Grab a R250 no deposit bonus & R11,500 in tree match bonuses!

Mansion Casino
Mansion Casino

Get a R50,000 welcome bonus to discover 650 prime casino games!