Gambling Tax South Africa 2017

Economic recession in South Africa has helped to fuel a rise in the number of illegal gambling operators in the country.

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Although the casino industry succeeded in growing its gambling revenue by 3.5 percent in the year to March 2018, that increase was still below the level of consumer inflation, so in real terms it represents a continuing contraction, following a poor 2017, in which gambling revenue shrank by 1.8 percent; the first contraction since the industry was set up in 1997.

While online gambling in South Africa is still seen as being a grey area, it is nevertheless possible to place bets at land-based casinos, as well as 2020 online betting sites with gambling licenses issued by the National Gambling Board. Again, any winnings accrued at these venues are not subject to any kind of tax, gambling online or otherwise. Gross gambling revenues (GGR) from all forms of gambling rose 11.2% in 2015, to R26 billion. This is expected to grow to R34.8 billion in 2020 – a 6% compound annual increase. Government has proposed a 15 per cent withholding tax on winnings by those who engage in sports betting, splitting, for the first time, betting taxes between players and owners of gaming centres.

And while illegal gambling operations continue to operate in South Africa, the general uncertainty over the regulatory framework for the industry is also having a negative impact on legal casinos, which currently employ around 38,000 people nationwide.

Tougher stance

The contribution of the casino gaming sector to the gross domestic product (GDP) in South Africa and to the Gauteng Province, has been exponential over the years. For the 2017/2018 financial year, taxes of R1,083 billion were collected.

Speaking about the rise of illegal gambling operations, the Chief Executive of the Casino Association Of South Africa (CASA) said that law enforcement agencies needed to take a tougher stance to tackle the unauthorized gambling market, which he said were effectively stealing from the nation:

One of our biggest concerns is the exponential growth of illegal gambling operations. These illegal operators pay no tax or levies and contribute nothing to the South African economy.”

According to CASA, the industry will pay around 37 percent of its revenue; a total of R6.1 billion, in levies and taxes, at local and national level, during the current tax year. According to a recent report by Pricewaterhousecoopers, the South African gaming industry is likely to grow at more than 5 percent per year and could be worth R35 billion by 2021.

But CASA is warning that the government is denying the country substantial revenue by failing to crackdown on illegal operations, and through recently proposed changes to the casino industry, including a plan to introduce anti-smoking regulations in casino venues.

South

Andie Hughes is a UK-based freelance betting and gambling writer with over a decade of experience in the industry, having written for Betfair, ESPN, Boylesports, Sporting Life and various other popular betting sites. Contact Andie at andiehughes73@gmail.com.

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We all would agree online gambling is on the rise in continent, however while most of the people in Africa is happy concerning the expansion of the business, others are troubled concerning the growing downside of addiction in the continent.

Professional services network, PricewaterhouseCoopers (PwC), in a

But the positive growth of the gambling business raises issues regarding rising addiction in these countries. Though government laws to gambling dissent in these countries, social and ethical issues are playing in a key part in shaping their approach to the present flourishing business.

South Africa is King, with a Throne of problems

South Africa covers over 90th of the market share of gambling in desert in Africa. PwC sets the country’s total gambling turnover at $18.77 billion, $23.73 billion (of that 82%) , came from the thirty seven casinos within the country. bingo was the rapid-growing class in 2013 with a 58.9% increase, followed by LPMs at 25.9 the concerns sports indulgent at 21.3 %

In the next four years, South Africa’s gambling business can grow at a mean 6.3% to $39.1 billion. the advantages of the flourishing business surpass the gambling firms and people winning bets to incorporate the govt that received $211.3 million in taxes and levies in 2013. This besides the VAT paid by casinos to the National Treasury on the gross gambling revenues that they have earned . The estimated VAT collected on gambling revenues from casinos in year 2013 amounted to $170 million, or 11 November of gross gambling revenue. once VAT is enclosed, the share of all taxes for casinos rises to nearly twenty one the troubles

The value of gambling to South Africa’s economy is equivalent to the price of rising addiction to its society. whereas the country has achieved relative success with handling gambling addiction among the affluent within the cities, the result has been lots less positive within the poorer townships. The rising problems have contributed to the South African government stall the passage of a pro-online gambling legislation.

Twin Rivers, a South African-based addiction treatment centre says gambling addiction ruins thousands of people’s and are related with different psychological disorders like habit, depression and anxiety. The centre aforementioned the act was in its pedant kind is as venomous and as life threatening as any narcotic.

Nigeria, rapid growing in worth and downside

Although Nigeria comes a distant second to South Africa within the market share of the Africa’s gambling business, it’s the quickest rate of growth. PwC analysis report says its growth has really taken a dip. Consistent with the analysis platform, Nigeria’s casino gambling brought in $40 million in revenue. Casino gambling in Nigeria is recent, and there are simply three government authorized casinos within the country. Moreover, the trade has the ascent rate in Africa, 7.7%, and would rise to the region of $60 million by 2018.

Due to lack of proper regulation, only the tax of Nigeria’s three licensed casinos are properly collated

However, the important gambling spike in Africa’s largest economy comes from sports indulgent. A look report by the news organization of Nigeria (NAN) says Nigerians pay around $11.3 million daily on bets, $4.2 billion a year. However lack of indulgent legislation and regulation means that the govt makes next to nothing from the gambling industry. Solely are Casinos are properly regulated for, with PwC noting a $5 million tax income.

Aside denying the govt large revenues in taxes, gambling addiction among the country’s youth is exploding in numbers. regarding half-hour of young people between the ages of eighteen and forty, thirty million Nigerians, actively interact in sport gambling. NAN, in its report quoted the representative of gambling World, a betting company, who declared that gamblers can borrow up to N10,000 daily to put as bets and whereas some win, others lose, but return additional} the subsequent day to put more bets.

Inadequate facilitates for gambling addicts, as obtained in South Africa, additionally will increase the problems of the trade in Nigeria.

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December 18, 2020

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Lotteries are one of the easiest ways to test an individual’s luck. They may also be described as one of the easy ways to earn some good money with a small little investment and trust in fate and chance. Winning a lottery is always a dream come true for any person. Lotto Nigeria is one of the famous licensed brands which is organizing lotteries for the Nigerian folks and encourages all kinds of individuals to try their luck and be a contestant of the lottery games. It is running under the management of an organization known as the Fortune Games Limited Company.

Lotto Nigeria is one of the most known lotteries in Nigeria, and each passing day it is increasing its fan following and have multiple participants who are loyal to them. In the upcoming future, Lotto Nigeria has planned to sell traditional paper lottery tickets in the largest cities of Nigeria. Now you can play online.

The brand Lotto Nigeria hosts two types of lotteries. Every information about their actions and declaration of events are provided on their website. The two lotteries hosted by Lotto Nigeria are:

  • GG World Million
  • GG World Keno

If you want to try your luck – just click here and play lotto online at lottonigeria.com.

Learn to play Lotto Nigeria

Each game has clear rules. Both the lotteries have different rules that are specified as follows: –

GG World Million

The essential feature of online lottery games is that it can be accessed whenever anyone wants to play through any device on the official website. GG World Million is such kind of lottery game which is accessible from everywhere in the world and also straightforward to understand and play. The guidelines to play may be as follows:

  • The game starts with each contestant selecting five digits from a range of 1 to 50.
  • The game moves to the next phase, asks the contestants to choose more two digits in the range of 1 to 12.
  • Some contestants who are playing continuously and know the mechanics of the game may feel lazy to choose the digits by themselves, for such occasions a quick tool is provided to every contestant that when selected picks all the numbers by itself.

Apart from such rules, there are some rules and limits to the total winnable prize money discussed as follows:

The basic jackpot of this lottery is about NGN 383,500,000 (USD 1 000 000). By any chance, each contestant does not match with the correct selection of digits, the amount of the reward is forwarded to the next phase of the game, this happens continuously until any specific individual wins by matching his digits. As you can see – you can win much more than in popular Baba Ijebu Pay Me My Dough lottery.

The GG World Million is very straightforward to understand, and anyone who wants to have a test on their luck is obliged to try. One view of the rules section on their main website is enough to understand the game rules.

GG World Keno

GG World Keno is much like the GG World Million game because both of them deal with digits. Some rules to be maintained and followed are as follows:

  • The game starts with each contestant selecting a maximum number of 10 digits from a field of 1 to 70.
  • Contestants can use the quick select tool available to each of them if they don’t have the wish to choose the numbers by themselves. This tool, if clicked, selects all the numbers for the contestant by itself.
  • A draw of the lottery takes place after every 4 minutes continuously.
  • The maximum amount of number draws in one game is 20, and a contestant wins when the digits drawn are similar to the digits selected by the contestant.

The details regarding the winnable prize money are as follows:

  • The participant is required to choose a maximum of 10 number within the given range of 1 to 70
  • A tool is available for the user, which can be utilized to generate random numbers instead of having to choose them manually.
  • There is a gap of 4 minutes before each lottery is drawn.
  • The player is declared the winner when each of his selected numbers matches with the 20 drawn numbers.

Limits and rules regarding the total winnable money:

There is no limit to the selection of lines, and the user is free to select as many lines satisfying his preference. Each bar is associated with a small draw amount, the minimum stake being NGN 100 for each line the user takes. In simple terms, the value of selected lines is directly proportional to the rate of winning of the respected user. There is a prize multiplier that can be adjusted by the user going up as high as 10x.

Gambling Tax South Africa 2017 Schedule

Why is it worth playing?

The world is changing, and with it, its rules too. There is a high probability that you will face rumours about it being potentially low in standards but what is not mentioned to you is the chance of scooping up enormous life-changing cash values. Their proceeds are also donated to public sections including parks, educational development, and funds for veterans and seniors. Surveys support the fact that lotteries promote little or no individuals should start understanding what’s right for them and not relying on other’s personal opinions defying their choices. Lotto Nigeria is a lottery which should be tried by every interested individual as it requires low values of stake and provides considerably higher rewards. If the person is willing to take a risk and challenge his luck for better prizes, no obstacle should stand in his path. If you want it, go for it, there is no point in wasting any more time wondering about it.

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AfricaDecember 3, 2020

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Businesses, products and services need to make sure that they are able to attract their clients. This is because that is core of any business, it needs to be able to reach its intended audience. And in order for them to be able to get there are two different types of marketing that can be used, these are digital marketing and traditional marketing.

Difference Between Digital Marketing and Traditional Marketing

As we mentioned earlier, there are two different types of marketing that can be used in order to get your product or canadian mobile casino to reach its intended audience, and these are digital marketing and traditional marketing.

The difference between digital marketing and traditional marketing is the manner in which the message will be reached by the audience.

In traditional marketing, the message will be portrayed through means like magazines and newspapers, whereas in digital marketing, the message will be portrayed through modern technology communication methods like social media or websites.

Channels of Digital and Traditional Marketing

Both types of marketing use different channels in order for them to be able to get the message across.

Channels for Digital Marketing include:

  • Social media e.g. Facebook, Instagram, Twitter, LinkedIn
  • Websites
  • Content Marketing
  • Affiliate Marketing
  • Email Marketing

Channels for Traditional Marketing Include:

  • Outdoor e.g. billboards, bus/taxi wraps, posters etc
  • Print Magazines

Pros and Cons Both Digital and Traditional Marketing

As much as both are methods of marketing, they each have the good and thebad that comes with them.

Pros of Digital Marketing

  • Engagement
  • Measurable
  • Targeted

Cons of Digital Marketing

  • Can be annoying
  • It is not permeant
  • Dynamic

Pros of Traditional Marketing

  • Impactful
  • Permeant
  • Memorable

Cons of Digital Marketing

  • Hard to measure
  • Expensive
  • No direct Interaction

What method of Marketing Should you Use?

No you need to be able to make the choice on the method of marketing that you will use. As you can clearly see that each of them have their pros and cons. However before you make that choice, you can easily be playing online casinos real money games to ease of the stress.

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Gambling Tax South Africa 20172 weeks ago

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December 3, 2020

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Digital marketing is very important especially in this day where almost everyone is on the internet. Digital marketing is one of the most used marketing strategies. It is important for every company to digitally present. This is why we are going to list important digital marketing tools that startups need to have.

Google Analytics

This is one of the best free Google marketing tools for best high roller casinos Canada that you can make use of. This tool should be included in your digital marketing strategy. This tool allows you to study each visitor that visits your site. You can track your visitors’ activity using this tool. Besides checking your site’s traffic there are a lot of things that you can do with the tool.

MailChimp

This tool allows you to do email marketing which is also important. There are millions of emails sent each year, meaning emails are also important marketing tools. Social media platforms will limit you to only brand development because you cannot control users but email is perfect. Facebook, and YouTube are the most used platforms when companies do brand development. The reason why MailChimp is the best is that it has over 12 million customers.

HubSpot

Hubspot is one of the best when it comes to digital marketing. With this tool, you have everything that you need because it covers everything. You can use this tool for inward bound marketing south african casino is using the same strategy. It will help you with a lot of things that include;-

  • Marketing Automation
  • Website
  • Calls-to-Action
  • Landing Pages
  • Lead Management
  • Blogging
  • Analytics
  • SEO
  • Email
  • Social Media

If you are looking to have your brand name established then this tool is a must have.

Buffer

There is a need for you to join social media platforms, this tool helps you do that. So many people are now on social media and the more they talk about you, the more you gain new customers. This tool helps you streamline your social media strategy. Before you go on social media platforms, you need to plan.

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