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While the region is well-known for its passion for sports betting, the continent appears to be showing a growing interest in a broader portfolio of gambling niches, with online 바카ë¼s growing in popularity. This growth can be attributed to a wider proliferation of smart phones, as well as increasing coverage of 3G, 4G, and 5G networks, allowing an ever-growing demographic to access the web.
In terms of gift, South Africa leads the pack when it comes to iGaming, as the country’s gross gaming revenue is expected to exceed $2.3 billion in 2023. While South Africa’s relative prosperity may be the reason behind this, there are barriers to further growth. South African gamblers are currently banned from participating in online ë°”ì¹´ë¼ games, which severely hampers the growth of the local industry.
Further overseas, several other nations are leading the industry’s growth, with Nigeria, Kenya, Tanzania, Ghana, and Uganda recording spectacular growth in recent years. Ugandans are estimated to spend more than $40 million a year on gambling. Nigeria’s potential for the iGaming market is impressive with the country’s huge population and large GDP, making it the host of the largest gambling market in terms of GGR, which accounts for 7 percent of the continent’s total market share. Even more interestingly, we can see several nations looking to adopt legislation that is more friendly to the industry and better able to generate revenue and contribute to the local economy.
That said, even the most optimistic analysts doubt that anything can displace the sports betting market’s dominance over content, at least for now. While this age-old tradition remains at the top, we’re seeing more innovative sectors gaining ground. Crypto 바카ë¼s are getting a bigger slice of the pie, although the emerging nature of the technology that surrounds them means that it will take some time to reach its full effect. Until then, the future looks bright for the future of iGaming in Africa, both as a pastime, and as a way to rejuvenate the economy.
Source from Ghana Business News
SiGMA Asia 2022
After the exciting set of conferences that was Malta Week 2021, SiGMA Group plans to take the world by storm with the golden towers of Kyiv and the snowy city of Toronto being hubs to bring together the best and brightest in the iGaming world. Our upcoming exhibition will take us to the UAE’s cutting-edge metropolises for three days of networking, panel discussions, and festivities. Stay up to date with the latest and greatest through SiGMA News.