South Africa’s casino industry can legitimately be called one of the continent’s true success stories of the past few years, with the market growing year to year and consistently showing strong revenue figures.
It’s also why multiplayer games didn’t take off for a long time. PlayStation and Xbox have been releasing high-quality games regularly since the 1990s, but it’s only in recent years that internet speeds have matched game requirements. In 2022, that figure stood at 2.7%. The rest of Africa saw growth of 3.4%, where global GDP increased by 3.8%. South Africa, unfortunately, is lagging.
Should South Africa match this proposed figure, it would translate to a near doubling of the current market. The projected size is estimated to exceed $5130 million within the next decade, which would put South Africa right at the industry’s peak within the continent.