South Africa Plans 20% Online Gambling Tax Amid Rapid Market Growth

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South Africa is preparing to introduce a 20% tax on online gambling as the sector experiences rapid expansion. The proposal, set for 2024/2025, is part of the National Gambling Board's efforts to better regulate the growing industry and boost state revenue. This move follows a notable increase in online betting and casino activity across the country. While the government sees this as a way to ensure fair contribution from operators, industry stakeholders are concerned it could impact profitability and investment. The proposed tax still awaits final approval and implementation details.

Source: https://www.casinonewsdaily.com/blo...tax-on-online-gambling-amid-explosive-growth/