Home to 1.3 billion inhabitants in over 50 nations, Africa is the second-largest continent globally. The continent isn't separate from the online world or somehow restricted in technology. It is a general delusion. Colossal potential lies within, and in a couple of years, the investors might unlock it, thanks to the fact it is not widely known. The mobile internet connectivity demand is a vital part of influencing skyrocketing iGaming industry in Africa. Thankfully, anyone can always check betting tips and strategies on telecomasia.net. >75% of the region use mobile phones, 66% has high-speed Internet on them.
Premises to the Online Gambling Rise
Three years ago, six latest 4G towers were presented, generating over 120 mobile internet webs over the region. These new connections drive the massive expansion of high-speed mobile Internet access with significantly cheaper smartphones.
Of course, the authorities will have to address several issues before online gambling in Africa can fully flourish. In many regions, gambling laws are unclear, outdated, or not obeyed by the citizens/companies. It's fair to say that the overwhelming majority of African countries support gambling, unlike the rest of the world (except for just a couple of African regions that strongly resist the gambling industry). For investors, entrepreneurs and online casino shareholders, this is promising news. The largest gambling markets in the region are Nigeria, Kenya, South Africa.
South Africa is currently the most comprehensive gambling market globally, with its GGR (Gross Gaming Revenue) predicted to become at least $ 2.5 billion by the end of this year. South Africa's GDP (Gross Domestic Product) is the second-largest on the continent.
The analytics calculate the GGR (Gross Gaming Revenue) index as the difference between the net profit (the sum of the players' bets minus the winning bets).
The legal gambling in the country is horse racing and online sports betting. Land-based casinos were also allowed since 1994, although there are only four significant casinos (typically over 180 card game tables and many slots).
An estimated 50% of the adult population in South Africa bets on sports regularly, with most residents betting at least once a month.
Nigeria had the most extensive gross domestic product in Africa in 2019, reaching $ 410 billion. This figure is understandable when considering that Nigeria's population is almost twice that of any other African country: more than 200 million.
The country gambling sector is also one of the largest. It is second on the continent. Nigeria is the economic powerhouse of Africa and has incredible potential for online casino and sports betting providers. After the government lifted the gambling ban in 2004, the people welcome the gambling business more. According to a 2014 study, approximately 30% of Nigeria's 200 million people bet on sports every day. Compared to about 60 million people between 18 and 40 who actively follow sports matches, the number is impressive. Also, researchers estimated that people in Nigeria are betting approximately $ 5.5 million every day, which is roughly $ 2 billion a year.
It is no secret that European football is prevalent in Nigeria. A colossal amount of sports bets Nigerians make on the Spanish La Liga and the British Premier League.
Most types of gambling are allowed in Kenya, although, like in Ghana, online casinos are still developing due to the slow spread of mobile internet connection. Like in Ghana, this is not something negative but instead means opportunities to attract new players.
According to PwC, the average gambling revenue growth in Kenya in 2018 was 6.8% (approximately $ 25 million). Kenya's GDP (Gross Domestic Product) in 2014 reached about $ 20 million, and in 2020 this figure might get to $ 50 million.
As with many other African nations, football is the most popular sport for Kenyans, with European leagues making up a considerable part of all Kenyan betting.