Online gambling is a challenge for South African gamers. An internet casino is presently banned in South Africa. Contrast this with legal land-based casinos. The country’s land-based casinos are subject to some of the strictest rules in the world, which means operators and the government don’t always agree.
Online gambling has been fiercely tackled throughout the nation. The government has rebuffed it at every turn, which is absurd given what it might provide the nation. In 2014, a measure was presented in South Africa to regulate internet gambling. But the bill was never signed into law, and the findings were never made public.
Sports betting is the lone exception to the ban on internet casinos. That implies users who wish to play online casino must utilize offshore casinos. This means less conscientious operators may take advantage of players. There are sites that have regulation from other jurisdictions, which protects players, but the degree of support is far lower than if the South African government had its own legislation.
Taxes are a lesson Malta can teach SA
The first lesson from Malta relates to taxation. Taxation on casinos and sportsbooks, as well as internet sportsbooks, generates a lot of cash for South Africa. Allowing operators to operate internet casinos inside South African borders would enable earnings to be taxed. It would greatly enhance tax income.
Moreover, money spent at internet casinos will not leave the nation. Operating internet casinos in South Africa would create employment in the nation and prevent South African players from supporting the job market in other countries.
This has a double advantage, since it boosts tax income while simultaneously boosting the country’s economy by creating employment.
Malta’s lessons for SA:
Allowing operators to set up an online casino in South Africa would allow for a comprehensive set of rules. This is vital for the protection of South African footballers. The restrictions might be tailored to the government’s specifications, ensuring South Africans’ safety and protecting them from possible gambling addiction.
This mindset has made the MGA one of the most trusted regulators on the market. It has some of the toughest laws in place and is prepared to penalize sites that do not follow its rules. The MGA prioritizes player security, which the South African government could readily adopt with its own online gaming regulation.
Lessons Malta can teach SA:
Not all offshore internet casinos are trustworthy and have ties to organized crime. Obviously, the South African government would want to prevent this. If it puts in its own regulator, gamers won’t have to risk playing at a site run by crooks.
It immediately implies that gamers will be safer on the sites. It also implies that internet casino income won’t be used to finance criminality in general. It implies the government won’t have to spend as much money fighting crime.
Will SA regulate?
It’s too early to make any conclusive claims. It’s clear that the nation isn’t in a hurry to provide South Africans a legal method to play at a local online casino. Given the potential tax income, the government can’t ignore this for long.
Expect a South African regulator in the near future. This would make accessing online casinos much simpler for South Africans. It will also enhance tax revenue and player safety.