Parliamentarians think it is time to benefit from online gambling in terms of jobs and tax revenues
During the recent hearings, South African members of parliament serving on the National Assembly’s Trade and Industry Oversight Committee recommended internet gambling legalization, after consulting a wide range of experts and considering the research report of the Gambling Review Commission.
The committee recommended to the Department of Trade and Industry to draft appropriate legislation for the obvious reasons: first that online gambling is a fact of life, and second for the economic benefits in tax revenues and local jobs, bearing in mind that the gambling industry was estimated to be worth R320 million back in 2009.
Democratic Alliance MP Geordin Hill-Lewis, who was part of the team that drafted the report, said SA could not continue to refuse to legalize already existing online gambling and the fact that “SA derives no economic benefit from it”.
The recommendation includes the legalization of internet slot machines and table games, bingo, sports betting and betting against the totalisator. And the Gambling Review Commission also recommended that a maximum number for online gambling licences should be set.
Internet Gambling Regulations Recommended In South African Parliament
Back
General Gambling News
Gambling Law & Society News
Back to articles
Was this article helpful?
Your Feedback
Please enter your comment.
Your comment is added.
All Article Categories
- General Gambling News (6818)
- Casino Games (5532)
- Gambling Law & Society News (3481)
- Casino Software (3040)
- Tournaments, Promos & Bonuses (1373)
- LCB News (950)
- Sports Events (835)
- Land Based Casino News (630)
- Casino Banking (294)
- Bitcoin & Crypto News (281)
- From the Players for the Players (166)
- Casino Warnings & Rogue Reports (109)
- LCB Monthly News Reports (87)
- Upcoming new casinos (73)
- LCB Approved Casinos (33)
- Sportsbook Sponsorship (27)
- Predatory Terms (15)
- Upcoming Sporting Events (4)
- Live Sports Betting (1)