South Africa gambling industry to grow USD 2.5 B in 2021
Gambling has grown into a multi-billion industry in South Africa ever since its legalisation in 1994.Twenty years later in 2014, the industry was worth more than US$ 1.62 billion. Since, the Gross Gambling Revenues (GGR) in the country have risen another US$ 281.9 million to their current levels of US$ 1.89 billion. The current state of the gambling industry and its components is highlighted in a new report from Big Four accounting and advisory firm PwC, titled ‘Gambling Outlook South Africa 2017-2021.’
The report reveals that the industry will surpass the US$ 1.97 billion mark by the end of this financial year, growing at 4.5 %, which is almost a percentage increase from its growth figures last year. Till 2021, the industry will grow at a Compounded Annual Growth Rate (CAGR) of 5.3%, reaching a total value of US$ 2.5 billion.
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