With the development of the Internet and smartphones, the online gambling market in the world is growing strongly, especially in Africa. In recent years, the annual growth rate of online betting has been more than 10.8%.
This article will introduce you to the betting markets that have overgrown in Africa in this era!
Kenya is one of the most potential online betting markets in Africa. The country issued the Game Bill to regulate and monitor online betting activities in 2019. At the same time, the Government has also issued regulations on tax policy for online gambling, including Betway casino Zambia. In addition, the Government of Kenya has issued a draft to add 20% to the current 15% tax on total revenue from the online betting business.
The population in Kenya is about 7 million people, and most of the people love football. Therefore, the most significant online betting sector in this country is probably sports betting. Revenue from sports betting in Kenya has grown year by year.
Referring to online betting in Africa, it would be remiss to ignore the mayor of Nigeria. This is one of the largest betting sites in Africa. This country has strong economic power and has a lot of conditions and potential to develop the online betting industry. In terms of size, Nigeria is the second-largest betting market in the continent.
The biggest turning point for the growth of online betting in Nigeria was in 2004. At that time, the Nigerian Government officially lifted the ban on gambling activities. Since then, Nigerians have also had a grateful look at online betting, and today most people have accepted and accepted this form of betting. Similar to Kenya, sports betting is a popular form in Nigeria, of which the most popular is European football such as Spanish LaLiga and the English Premier League. Some studies show that Nigerians spend about 2 billion dollars on online sports betting every year.
Sports betting accounts for the majority of online gambling activities here, accounting for 24% of total revenue. It is predicted that this number will continue to double in the next five years. The number of people participating in sports betting is also very large, accounting for 50% of the adult population in this country. Golf, cricket, football, and rugby are the sports with the top number of bets here.
Perhaps many people will be surprised to learn that this country is currently still banning online betting, including slots and card games. However, the industry is still thriving. However, this ban only applies to manufacturers and service operators. As for the players, they can join all the games.
With the development of technology like today, the online gambling industry in all countries has a positive development trend. This is no exception in Africa. This is evidenced by research data, analysis, and future gambling industry revenue projections. The above information will definitely help you visualize the potential of the online betting market in the black continent.
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