Filed in archive Gambling General by jo on June 21, 2005

The South African gambling industry raked in nearly 10 billion rand over the last year - including horse racing, casinos, bingo and limited-payout machines. This showed a 22% increase on the previous 12 months.

the breakdown shows that casinos account for almost 88% of the total revenue (R8.7bn), horse racing at 12%, bingo at 0.2% and limited-payout machines at 0.3% of gross gambling revenue

Noticeably, it was the limited-payout machines that made the most significant increases, despite not being available for the full 12 months in most provinces

Read: Gambling sucks R1.4bn out of Cape pockets here

Related Entries:

Party Poker Floatation Could be Worth �2.3 billion - 31 January 2005
Gross Gambling Revenue Hits $27 billion - 22 April 2005
Online Gambling Company Plans $1 Billion Float - 02 June 2005
South Africans Aren't So Interested in Gambling Anymore - 20 April 2006

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