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What Caused the Growth of the Online Betting Market In South Africa?

Life & Style
The online betting market has gained recognition in all parts of the world. In the recent past, many South Americans have also taken an interest. Technological advancements and South Africa’s natural prowess in sports have helped push the industry. In a world where everything seems to have moved online, it is no surprise that South […]

The online betting market has gained recognition in all parts of the world. In the recent past, many South Americans have also taken an interest. Technological advancements and South Africa’s natural prowess in sports have helped push the industry.

In a world where everything seems to have moved online, it is no surprise that South Africans are seeking online entertainment options. Here are a few reasons behind the growth of the country’s online betting market.

1.     Bonuses and Promotions

Online casinos bring you bonuses and promotions with a twist. Since they do not have many operational costs, online casinos can afford to bring you generous bonuses. This is one of the main reasons behind the growth of the online betting market in South Africa.

Most players are always looking for opportunities to increase their profits. Therefore, they opt for casinos with the highest payouts. For example, with the welcome bonus, you can get a feel of an online casino and its games without investing a lot of your money.

The best casino bonuses in South Africa include no-deposit bonuses, first deposit bonuses and cash backs. Look out for some of these freebies to increase your bankroll and potential profits.

2.     The Online Shift

Thanks to the pandemic, South Africans are doing almost everything online. In May last year, for example, Nielsen reported a 37 percent increase in the country’s online shopping activities. A McKinsey survey suggested that about 90 percent of South Africans are exploring omnichannel platforms.

Therefore, it makes sense that people are exploring online betting platforms. Research by the Grand View suggests that the online casino industry is likely to grow 11.5 percent between 2020 and 2027.

High internet penetration and the shift to the online world have been instrumental.

Based on a State of the ICT sector report, the country’s smartphone penetration hit 91.2 percent in 2019. More South Africans are now completing transactions on their smartphones.

3.     COVID-19 Closures

When the pandemic hit South Africa, land-based gambling venues were shut down, forcing players to resort to online options. It wasn’t until late June that they started reopening their doors. However, they could only operate at half capacity. By then, playing habits had already changed, and many players opted to keep playing online.

 

The re-opening of land-based casinos has not dampened the popularity of online options. The number of online casino players is no longer increasing because of bored players trying to pass time.

Instead, it is based on those that have played at online sites and seen what they have to offer. These players have gone from placing small bets to investing significant amounts at their favorite sites.

4.     Security

South African online casinos are big on security. Everyone wants to be assured of their safety where their money and private information are concerned. Therefore, South African online gambling sites integrate a variety of measures to create safe gambling environments.

The sites use SSL encryption technology to keep your information away from third parties. In addition, they provide a variety of safe and reliable payment methods. When making transaction, your banking details remain private.

5.     Accessibility

Before the invention of online casinos, you’d have to go all the way to a land-based casino every time you wanted to place a bet. It was expensive, time-consuming, and inconvenient. However, online casinos are highly convenient. You can place bets on your phone without affecting the rest of the day.

 

Since online casinos are open at all times, South African players can place bets whenever they please. You don’t need to travel to a land-based casino, wait in line, or abide by opening and closing times.

All you need to do is find an online casino, sign up, deposit some money, and start playing. It doesn’t matter where you are.

6.     Wide Variety of Games

The variety of games in online casinos is incredible. Unlike in land-based casinos, you can find hundreds of games from reputable developers. The best software developers in the country include Pragmatic Play, NetEnt, and Microgaming. You’ll always find something to enjoy no matter what you enjoy.

In land-based casinos, you typically have to play whatever is on the floor. Your options are limited, and you may need to wait in line before enjoying games like craps and blackjack. Online casino games bring you a wide variety with no hold-ups.

7.     Excitement

Online gambling introduces an extra level of excitement to your betting experience. Like in land-based casinos, there is no way to know if you’ll win or lose. You may be about to lose your entire stake or win millions.

The thrill of playing has made online casinos in South Africa appealing. The suspense is just as real as playing in land-based casinos.

 

Live dealer games and modern pokies are very exciting. The pokies bring you lots of bonuses, features, and decisions to make. You also have the chance to create a playing strategy. You may choose to depend on luck or use bonuses to increase your chances of winning.

In live dealer games, you get to interact with other players and a real dealer. The games replicate the feel of being in a land-based casino and introduce a human touch to your online experience.

8.     Value for Your Money

Online casinos give you more value for your money than land-based casinos. With land-based casinos, you have to incur the cost of traveling to a physical location. Even if you win some money, it isn’t as valuable as in online casinos, where you simply need to log in and start playing.

The house edge in online casinos is significantly lower, and since you don’t need to wait in line, you can start playing and possibly making profits right away. Online casinos give you more incentive to get your money back with the bonuses, promotions, and variety of games.

In conclusion, the growth of South Africa’s online betting market has been consistent for good reason. The benefits of online casinos over-land-based options make them more convenient, accessible, and profitable