Gambling outlook: 2016–2020. Fifth annual edition. PwC’s team of gambling specialists provide an unbiased overview of how the gambling industry in. South Africa is expected to develop over the coming years. The publication focuses on the following. If you play international lotteries from South Africa, there may be tax laws in those countries that come into effect before you receive your winnings. For example, the United States government imposes a 25% federal tax on any Mega Millions prize above $5,000.01, while the jackpot is subject to a 39% federal tax withholding. The short answer is no, lotto, cash winnings, prizes and the sale of these type of tickets are not subject to tax in South Africa if they are conducted or authorized within the laws of South Africa. The Lotto is licensed by the government and is essentially tax free.
In Africa, sports betting is a very popular activity and the continent is full of licensed bookies offering exciting markets such as horse racing betting, cricket, rugby, soccer, and many others. Since the horse racing industry and the sports industry in Africa are closely associated, bookies that accept wagers on horse racing also accept wagers on other sports events.
Be sure to dive into our detailed analysis of sports betting in South Africa, as well as our page on sports betting in Nigeria for comprehensive information relating to these two countries.
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The good news for African punters is that online sports betting is completely legal, which leaves African players free to sign up at any African or offshore online sportsbook.
The gambling laws in South Africa are similar to those in Australia. The country has nine provinces, each having its own regulatory body. If a bookie wants to operate in South Africa, the bookie must get a license from one of these regulatory bodies.
The South African government does not tax winnings on wagers placed on sports events. However, the laws are slightly stricter for horse racing betting, and if punters win any money betting on horses, they have to pay 6% of it as tax.
Africa is a huge continent with 54 countries, and each country has its own favorite sport. In spite of these differences, the hot favorite in Africa appears to be soccer. People in Kenya, South Africa, and Zimbabwe are also fond of playing and betting on cricket and rugby and have teams that can compete at the international level.
Local bookies in Africa know what African punters want and offer betting odds on a wide range of African favorites such as the Super Rugby, the ABSA Premiership, Currie Cup, MiWay T20, and others. African punters also enjoy betting on sports such as MLB, NFL, NHL, NBA, and others.
Choosing a sportsbook, especially for beginners, is not that easy. Not all the online sportsbooks out there are the best, and beginners must take into consideration a wide range of factors such as licensing, banking methods, markets offered, bonuses, and others before signing up. Simultaneously, players must remember that the best sportsbook in the world need not necessarily be the best for them, owing to which they must choose a sportsbook that is capable of meeting their individual requirements.
In the first place, players must make sure that the online sportsbook they are thinking of joining is reputed and reliable, having the ability to process payout requests quickly. Online sportsbooks that have been around for several years are usually the best although new sportsbooks launched by highly reputable companies can also be considered.
Players should then check the online sportsbook’s licensing information, about us page, privacy policy, and fair play section. They should make sure that the payout methods offered are convenient for African players.
Players should also find out if the customer care service really offers customer care 24/7. One of the best ways of testing this is to send an email to the sportsbook and see how quick it is in responding.
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African punters should thoroughly research an online bookmaker before signing up for real money services. They can visit gambling forums and discuss the online bookmaker to get first-hand information about it or they can visit sportsbook review portals to read some comprehensive reviews about the online sportsbook.
Gambling Tax South Africa 2020 News
Punters must also sign up at not one, but several online sportsbooks so that they can compare betting odds and features and grab the best deals.
Most online sportsbooks offer free bets to players who register a real play account, make a deposit, and place a bet on any sports event. Needless to say, sportsbook bonuses are not free money, but are associated with wagering requirements that need to be met before requesting payout.
Are you tired of trying to sign up at award-winning gambling sites, only to discover that players from South Africa aren't welcome? Do you find yourself overwhelmed by the sheer number of places that offer online gambling? South Africa's internet gambling industry doesn't have to be confusing. We're here to help you quickly discover great South Africa gambling sites and avoid the duds. We make it easy to enjoy casino online gambling in South Africa at fully licensed and regulated sites. Our South African gambling specialists have found that Casino Jackpot City offers the best online poker in 2020.
Yet no matter what kind of real money gambling you prefer, our experts will guide you to untold entertainment. Every recommended casino online on our list features:
- Hundreds of world class casino games
- Instant deposits and quick withdrawals in ZAR
- Substantial sign up bonuses for South Africans
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The Best South African Entertainment
Real money casino online gambling in South Africa has no trouble holding its own. Not only does the internet make betting unbelievably convenient, but you can count on a wider assortment of games with better payouts online. South Africa gambling options are impressive any way you look at it. Imagine having access to the best games whenever you feel like it in 2020. Enjoy baccarat, blackjack, poker, slot machines, craps, sic bo, keno, bingo, pai gow, roulette, football betting, or any other type of gaming you love.
When gambling, South Africa's online experience is more than just about the quantity of games at your disposal. The quality is magnificent too. You can count on spectacular gameplay with brilliant graphics and a gripping soundtrack to match. You'll even have the option of playing using real cash or strictly for fun if you want to save Rands in 2020.
Gambling Tax South Africa 2020 Total Population
South Africa Gambling on the Go
It's definitely great to have access to hundreds of games on your PC and Mac, but who wants to stay at home or lug around a bulky laptop in 2020? You no longer need to when you embrace mobile gambling. South Africa's top gambling sites now support a wide range of smartphone and tablets so that you can play just about anywhere from Cape Town to Musina. As long as there's an internet connection, you'll find the world's greatest online casinos in the palm of your hand. Enjoy slots at the beach, a poker tournament at a game reserve, or place real cash bets on your favorite team from a café.
Mobile casino online gambling in South Africa is available on iOS, Android, Windows Phone, and BlackBerry devices. Whether you have an iPad, iPhone, Android mobile phone, tablet, or something else entirely, you'll find great apps and instant play games. The best part is that you no longer need access to a desktop or laptop at all. South African gambling sites let you sign up, deposit Rands, play games, and cash out your ZAR on the go.
In South Africa, gambling on your mobile will transform the way you bet. Since you don't have to waste your time travelling to the casino or local bookmaker, entertainment is far more accessible. Yet that doesn't necessarily translate into playing more. Mobile South African online casinos give you the power to play smarter. You can easily play a few hands of blackjack while waiting around for a friend and then call it a day or enjoy lengthy poker tourneys without being tied to your desk.
Play Safely in South Africa
Whether you play on your tablet, smartphone, PC, or Mac, all our suggested sites are dedicated to trust and safety when gambling. South Africa's best online casino gambling websites use certified random number generators to deliver entertainment that is fair and consistent. Sites also use the same advanced encryption as leading banks to securely process payments and protect your personal information at every stage of the game. The only catch is that you need to stick to licensed gaming websites.
Experience the Best Gambling in South Africa
There's no shortage of places to enjoy real cash casino online gambling in South Africa. Whether you love slot machines, poker, table games, sports betting, or other wagering favorites, there are dozens of fantastic places to play. Our South African gambling experts have taken the time to vet, review, and compare every SA friendly online casino. Read our reviews or surf directly to any of our top rated licensed gaming sites to start playing to win. You'll even earn a huge welcome bonus that will boost your bankroll with plenty of rands.
“Gambling isn't just one of South Africa's most popular pastimes. It's also incredibly convenient thanks to the rise of online and mobile betting sites.”
Frequently Ask Questions About South African Gambling
What is the minimum gambling age in South Africa?
Potential players need to be at least 18 years of age to gamble in South Africa. The legal gambling age applies whether you are playing live or on the internet. Keep in mind that online casino gambling sites may request identification.
How is online gambling regulated in South Africa?
Gambling sites in South Africa are regulated by one of the country's nine provincial gambling and racing boards. Please note that top rated international betting sites that welcome SA players are out of the South African government's jurisdiction. Fortunately, every reputable offshore site is regulated by a gambling commission in the regions where it operates.
Do I need to pay tax on my gambling winnings?
Unlike the United States, South Africa doesn't generally tax recreational gambling winnings. You may be required to report large winnings to the South African Revenue Service, but your windfall won't be subject to capital gains taxes. This is merely a rule of thumb that applies to recreational players. If you are a successful poker pro or make your living by gambling, these rules may not apply to you. Professional bettors will obviously want to consult with an accountant to discuss any additional obligations
Can I play online casino in ZAR?
You can definitely enjoy real money online casino games using the South African rand. Top gambling sites let you deposit, withdraw, and enjoy games denominated in SA Rands. Whether you play at sites located abroad or in South Africa, gambling in your native currency is ideal. Not only can you avoid needless currency conversion fees, but it's easy to keep track of your wins and losses. When you visit SA friendly sites, you'll find lots of familiar banking methods too. Online gambling for South Africa offers everything you love about live betting but with added convenience.
What are the best online casino gambling sites for South Africans?
If you're looking to great places to enjoy gambling, South Africa has so many incredible options. Our experts have compared and reviewed every licensed and regulated casino online that accepts SA players. You can check out in depth reviews or head directly to our list of the best betting sites for South African players.
What forms of gambling are popular in South Africa?
The most popular types of gambling for South Africa players are horseracing, sports betting, slot machines, roulette, poker, blackjack, and baccarat. Yet if you live in South Africa, gambling is available on the internet in every imaginable form.