Betting In South Africa has lasted over the ages. Betting is not new to South Africans but internet betting is. South Africa being one of the most developed countries in Africa habours many online bettors who bet with big amounts of money.
Online sports betting is legal in South Africa for now, provided that bettors make use of licensed bookmakers. All other forms of online gambling are currently illegal and subject to penalties for individuals, companies that offer online gambling services and financial institutions that facilitate online gambling transactions.
Each of South Africa’s nine provinces has a gambling and racing board. To offer online betting bookies must be licensed by one of these boards. Currently the Western Cape Gambling and Racing Board (WCGRB) is largest provider of online bookmaker licenses.
In South Africa, the region of Gauteng generates more gambling revenue than all the other South African regions combined. It is also worthy of note that mobile betting in South Africa is less popular compared to playing from a laptop or desktop. The legal age to participate in any form of gambling in South Africa is 18.
Betting with South African Rand
It is important for the bookmaker in South Africa to offer betting in the local currency, the South African Rand. All the international bookmakers that are providing their service in the African country have ZAR as a currency so players do not have to worry about any fees or exchange rates. There are other betting sites that accept the South Africa Rand as well even though they do not explicitly offer services in South Africa.
Winnings made from recreational betting is not subject to income tax and gambling winnings do not need to be included on tax returns as of May 2012. The tax which applies to bettors is a 6% VAT deduction which is applied to all horse racing winnings.
Live Sports Betting In South Africa
The Live Betting option is not available on every online Sportsbook website. However many SA sports betting sites feature live in-play bets for players and they combine international matches of all the sports around the clock, 24-hours a day. Live betting odds can change depending on the stage of the game.
Existing in the internet age in South Africa means you will be using a lot of online apps and betting apps are no exception. You can use many online betting apps in South Africa from the convenience of your room and make as many money as your predictions can rake in for you.
Top 10 Betting Sites In South Africa
The top 10 sites where you can bet in South Africa which we can trust any day includes:
Betting has helped the South African economy a whole lot as many citizens get employed by both local and international bookmakers. These betting companies also do pay tax to the African country’s government.