Over 80% of the gambling activity in Africa belongs to the nation of fifty-nine million people, South Africa. Other thrilling gambling and betting markets in Africa include Kenya, Nigeria, Uganda, Tanzania, Ghana, and Botswana. The vast majority of African countries have their own laws and regulations that oversee different sorts of gambling activities within their borders.
When it comes to the biggest South African gambling market, the very first provisions permitting such activities emerged with the National Gambling Act from 1996. The National Gambling Act gave definitions regarding gambling notions including licensing in addition to leading to the formation of the National Gambling Board. Today, online sports betting is lawful in the country for as long as sports betting sites hold the required licenses.
The best, renowned South African betting sites offer great betting opportunities, cover loads of different betting markets, and feature rather competitive betting odds. The same is true for other African markets including those of Botswana, Ghana, Nigeria, and Kenya that have regulated iGaming markets with both online and mobile betting opportunities.
The African Gaming Industry Expected to Grow Further
Many young residents of South Africa, Botswana, Nigeria, and Ghana are already big fans of online and sports betting activities so there is no wonder why new sites offering such activities pop up in different areas regularly. According to the Africa Gaming Market Growth, Trends, and Forecast report published by ResearchAndMarkets.com, the African gaming market will register a massive boost of12% between 2020 and 2025.
According to the same report, one of the biggest trends in the African gaming industry is the wider availability of multi-functional consoles which are assisting in growing the entire video gaming sector across different African countries. It should be noted that Africa has the highest percentage of young people. In Niger, nearly 50% of the country’s population is under fifteen. In Mali and Burkina Faso, 47% and 44% of the population respectively includes young adults over 40% of the population in Somalia, Uganda, Chad, Congo, Angola, and Zambia are young adults as well.
When compared to other parts of the globe, Africa is the only place in the world where the population of young adults is constantly increasing. Considering mobile gaming and gaming, in general, is enjoyed by young adults, the region’s youth is one of the most crucial factors driving the mobile and online gaming industry.
Mobile Gaming on the Rise
When it comes to the African mobile gaming industry, it is expected to generate over US$ 111 million in 2021 in gross gaming revenues. With a projected market volume of approximately US$ 178 million, this represented a yearly growth rate of over 12%. When it comes to the South African mobile gaming industry, recent reports suggest:
- Mobile gaming sector to generate over US$ 111 million (2021)
- Gross gaming revenues to increase by 12%
- User penetration projected to hit 22.85 and 26.7% 2021 up to 2025
- The average per user revenue to reach US$ 8.08
Other African mobile gaming markets are also showing signs of growth including Botswana where the mobile gaming market is expected to reach US 12 million in 2021 while gaming revenues are projected to increase by 11.27%. At the time when the traditional casino and sports betting industry is coming across major challenges, African online gambling sites report significant increases in gross gaming revenues, and this trend is projected to continue in the years to come especially when it comes to mobile betting and gaming.