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Africa Gambling Market Set to Reach Valuation of Nearly US$ 11.27 Billion By 2032 | Growing Popularity of Electronic Game Machine and Online Gambling are Changing Market Dynamics Says Astute Analytica
Africa’s gambling market is set for robust growth, driven by technological innovation, youthful demographics, and evolving consumer trends, promising lucrative opportunities for investors and stakeholders in the coming years.
Africa gambling market is expected to reach a valuation of US$ 11.27 billion by 2032, from US$ 6.10 billion at a CAGR of 7.06% during the forecast period 2024–2032.
The African gambling market is poised for exponential growth, driven by technological advancements and evolving consumer preferences. By 2032, the market is projected to reach nearly $11.42 billion, leveraging Africa’s youthful population and increasing internet penetration, which currently stands at 520 million users. Innovative applications of gambling, such as virtual and augmented reality betting experiences, are expected to attract over 10 million new users annually. Countries like Ghana and Tanzania are emerging as new hotspots, with government incentives boosting local industries and attracting international investors.
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The introduction of blockchain technology in gambling platforms is set to revolutionize the gambling market, offering transparency and security. By 2024, it is anticipated that 40% of Africa’s online gambling platforms will incorporate blockchain, enhancing trust among users. Meanwhile, social betting, a new trend, is gaining traction, with platforms reporting 5 million active monthly users engaging in community-based wagers. This trend aligns with Africa’s communal culture, offering a unique blend of social interaction and gambling.
Strategic investments in infrastructure, such as 5G networks, are expected to further catalyze market growth. With 5G, mobile gambling will become more seamless, potentially increasing user engagement by 30%. Furthermore, partnerships between African governments and tech giants are underway to introduce responsible gambling initiatives, aiming to reduce addiction rates by 15% over the next five years. As digital literacy improves, especially among women, their participation in the gambling ecosystem is predicted to rise, contributing to a more inclusive market landscape.
Key Findings in Africa Gambling Market
Market Forecast (2032) | US$ 11.27 Billion |
CAGR | 7.06% |
Largest Country (2023) | South Africa (26.23%) |
By Type | Casino (34.21%) |
By Channel | Offline (57.61%) |
By End Users | Gambling Enthusiast (74.14%) |
Top Drivers |
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Top Trends |
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Top Challenges |
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Online Gambling Gaining Ground in Africa Gambling Market Thanks to Rapid Internet and Smartphones Penetration
Gambling landscape is shifting with the rising penetration of smartphones and improved internet connectivity, leading to strong momentum for online gambling channels in Africa’s gambling industry. By 2023, smartphone users in Africa have surpassed 300 million, enabling greater access to online platforms. Countries like South Africa, Kenya, and Nigeria have emerged as prominent online gambling destinations. Leading apps and providers such as Betway, SportPesa, and Bet9ja have gained substantial popularity, offering sports betting, casino games, and lotteries accessible via mobile devices. The primary users of online gambling are young adults aged between 18 and 35, a demographic that is tech-savvy and comfortable with digital transactions.
The momentum driving online gambling market in Africa includes factors like increased internet accessibility, the affordability of smartphones, and the convenience of gambling anytime and anywhere. Mobile internet subscriptions in Africa have reached over 500 million in 2023, reflecting a rapidly expanding digital audience. Innovative mobile payment solutions, such as M-Pesa in Kenya, have also made it easier for users to deposit and withdraw funds on online gambling platforms, even for those without traditional bank accounts. Additionally, aggressive marketing strategies by online gambling operators, including attractive bonuses and promotional offers, have enticed a growing number of users to try digital platforms. Regulatory adaptations in several countries are fostering a more conducive environment for online gambling, with updated laws and frameworks that support industry growth while aiming to protect consumers.
Dabblers in Decline: The Shifting Landscape
Dabblers in Africa’s gambling market are those who engage with gambling activities infrequently and with minimal financial commitment. This segment is losing market share due to several reasons, one being the increased competition from dedicated platforms that cater specifically to enthusiasts. In 2023, there were over 200 mobile apps focusing on engaging users with continuous promotions and loyalty programs, which dabblers often miss out on due to their sporadic engagement. Additionally, with the rise of targeted marketing strategies, operators are focusing on high-value customers, investing in acquiring and retaining enthusiasts who offer a higher lifetime value.
The decline of dabblers in the Africa’s gambling market is also attributed to the changing socio-economic dynamics. With 40 million unemployed youths in Africa, gambling has shifted from casual fun to a more serious pursuit for financial gain among enthusiasts, leaving dabblers behind. Moreover, regulatory changes in key markets have led to stricter access controls, limiting casual participation. For instance, South Africa’s National Gambling Board has tightened regulations, affecting 15 million casual bettors who now face barriers to entry. The evolving digital payment landscape, with over 150 million mobile money transactions daily, has also favored enthusiasts who are more engaged and financially prepared to navigate these systems compared to dabblers. As a result, the market is witnessing a consolidation towards more committed participants, leaving less room for dabblers to thrive.
Electronic Game Machines are Catalyzing Rapid Growth in Africa’s Gambling Market Despite Dominance of Casinos, Set to Grow at CAGR of 7.82%
The rise of electronic game machines (EGMs) in Africa’s market is reshaping the industry, driven by technological advancements and changing consumer preferences. With a Compound Annual Growth Rate (CAGR) of 7.82%, EGMs represent the fastest-growing segment in Africa’s gambling market. Revenues have increased to over $1.5 billion as of 2023, reflecting rising consumer adoption. The number of EGMs has more than doubled in recent years, now exceeding 100,000 machines installed across the continent, and present in over 200 cities, enhancing accessibility for urban populations. The appeal of EGMs lies in their immersive gaming experiences, advanced graphics, and interactive features, which resonate well with Africa’s youthful demographics, with 60% of users under the age of 35. Mobile integration has further broadened their reach, with over 500 EGM titles available on mobile platforms, allowing players to engage remotely and boosting participation rates.
Several factors drive the momentum of EGMs in the gambling market, including Africa’s youthful population, with a median age of 19.7 years, and a large youth demographic inclined towards electronic and online entertainment. The rise of the middle class, estimated at 330 million individuals, has increased disposable income and spending on leisure activities. EGMs offer convenience and flexibility, being more accessible than traditional casinos and available in locations like bars, restaurants, and online platforms. Innovation in gaming, such as the introduction of Virtual Reality (VR) and Augmented Reality (AR), has enhanced user experiences, leading to a 20% increase in user engagement time. Regulatory support is also pivotal, with 10 African countries updating their gambling regulations to support EGM expansion, recognizing the potential for significant revenue generation. This growth is attracting a diverse range of consumers, from casual gamers seeking entertainment to younger audiences drawn to technological integration, positioning EGMs as a significant growth area within Africa’s market.
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Regional Dynamics and Emerging Trends in Africa’s Gambling Market
Africa’s gambling market is marked by diverse regional dynamics, influenced by cultural, economic, and technological factors that vary across its vast landscape. As of 2023, the continent’s gambling industry is valued at over $6 billion, with significant contributions from both land-based and online segments. Nigeria has emerged as a one of the key players, driven by a robust sports betting culture and a rapidly growing middle class. Kenya follows closely, where the mobile gambling sector has exploded, supported by over 40 million mobile phone users, allowing for widespread access to online betting platforms. Meanwhile, Ghana’s gambling market has seen a notable increase in the number of licensed operators, now exceeding 35, fostering a competitive environment that enhances consumer choice.
In North Africa, Egypt stands out with its unique blend of historical tourism and modern gaming facilities, attracting over 13 million tourists annually, many of whom engage in casino gaming. Morocco’s strategic location as a gateway between Europe and Africa has bolstered its gambling sector, with the country hosting over 20 casinos that cater to a diverse clientele, including European tourists seeking a luxurious gaming experience. In East Africa, Uganda’s regulatory reforms have paved the way for a more structured gambling landscape, resulting in over 500 licensed gaming outlets. South Africa remains the continent’s largest gambling market, with Gauteng province alone generating over $1.8 billion annually, driven by its world-class casinos and racetracks.
Technological advancements are playing a crucial role in shaping the future of Africa’s gambling industry. The continent now boasts over 500 million internet users, facilitating the growth of online gambling platforms and mobile applications. Blockchain technology is also gaining traction, with over 50% of new gambling startups in Africa exploring cryptocurrency transactions to enhance security and transparency. As Africa continues to urbanize, with an urban population expected to reach 600 million by 2030, the gambling industry is poised for further growth, driven by increasing urbanization, technological adoption, and favorable regulatory environments across various regions.
List of Key Companies Profiled
- 1xbet
- Bet365
- Bet9ja
- Betika
- BetKing
- Betpawa
- Betway
- Dafabet
- Kings Sports Bettin
- Melbet
- Parimatch
- Powerbets
- Premierbet
- Sky Betting & Gaming
- Sportybet
- Tipico
- Surebet247
- The Cyprus Casinos
- Other Prominent Players
Key Segmentation:
By Type:
- Sports
- Fixed Odds Sports Betting
- Pari-Mutuel Betting (Horse and Dog racing)
- In-Play/Live Betting
- Exchange Betting
- Spread Betting
- Others
- Casino
- BLackjack
- Baccarat
- Teen Patti
- Three Card Poker
- Four card poker
- Red Dog
- Others
- Lottery Games
- Scratch-offs
- Bingo
- Keno
- Electronic Gaming Machines
- Others
By Channel Type
- Offline
- Casinos
- Betting shops/halls
- Arcades
- Bookmakers
- Online
- Virtual Game
By End User
- Gambling Enthusiast
- Dabblers
- Others
By Region
- Africa
- Mozambique
- Malawi
- Ghana
- Kenya
- Gabon
- GuineaEquitorial
- Angola
- Madagascar
- Mali
- Cote dIvoire
- South Africa
- Niger
- Rwanda
- Burundi
- Burkina Faso
- Senegal
- Rest of Africa
Browse the Table of Contents to access and purchase individual report sections: astuteanalytica.com/industry-report/toc/africa-gambling-market
Latest News
PA Betting Services forge partnership with Dizplai.
Dizplai, the media experience company helping brands, broadcasters, and content creators to transform passive audiences into actively engaged communities, is thrilled to announce a strategic partnership with PA Betting Services, a leading provider of sports data and insights.
Under the new agreement, Dizplai will be provided market-leading UK horse racing content to power their platform, with premium content including licensing, pre-race data, editorial racecards, race-day data and jockey silks.
The collaboration will enable Dizplai Gaming to continue developing innovative free-to-play games that drive active engagement and enhance the fan experience across the entire customer lifecycle—from acquisition and retention, to referrals and revenue generation.
Dizplai’s Gaming division will continue to create immersive experiences that captivate fans throughout the racing season, with their games offering dynamic and interactive gameplay, deepening fans’ connection to the sport and encouraging ongoing participation.
“We’re incredibly excited to partner with PA Betting Services and bring something truly fresh and engaging to a younger generation of sports fans. Leveraging their vast horse racing data, we can deliver innovative, data-driven games, that not only entertain, but actively engage a new audience of fans who are seeking more interactive and dynamic ways to enjoy their favourite sports.” — Paul Cobley, Director of Gaming at Dizplai.
Quote from Danny Speck, Business Development Executive, PA Betting Services – “We’re delighted that Dizplai chose us as their horse racing data supplier to partner with to help add to their platform. It’s great to see the emergence of racing within the gamification space, and we are looking forward to collaborating with Paul and the team going forward.”
Increasingly considered as the ultimate fan solution for live sports owners and creators, Dizplai fuses tech, creative and content experiences to create engaged communities for sports brands and organisations. Every day, millions of sports fans tune in to live broadcasts, which have been enhanced using the Dizplai platform, from companies as diverse as Sky Sports, ECB, World Archery, GoalHanger, Liverpool FC, William Hill and The United Stand, Global Fan Network.
Latest News
SPORTRADAR DEEPENS OFFICIAL PARTNERSHIP WITH NBA WITH LAUNCH OF INNOVATIVE, VALUE- ADD FAN ENGAGEMENT SOLUTIONS
New and Expanded Offerings Foster Personalization and Deeper Fan Engagement for NBA
Sportradar (NASDAQ: SRAD) is enhancing its partnership with the NBA this season through the introduction of a suite of innovative fan engagement solutions fuelling the passion of the league’s two billion global fans. These products represent the next phase in the evolution of basketball consumption benefitting not only the NBA but also operators and media partners looking to capitalize on the excitement surrounding one of the world’s most-watched and bet-on sports.
Sportradar, leveraging AI and its advanced, proprietary technology, has launched a suite of next-generation products for the NBA by accessing the full range of official NBA content, including skeletal tracking data. Sportradar is able to harness hundreds of thousands of data points from each game, enabling the rapid development of products that redefine the standards of fan engagement and open up new revenue streams for the NBA and its partners and Sportradar clients.
Virtualized Live Match Tracker: This innovative tool uses computer vision to transform real-time official NBA data into 3D visualizations that are delivered in a hyper-personalized stream, featuring customizable viewing angles and resulting in an immersive experience that keeps fans engaged in a betting operator’s app as they are served in-play betting opportunities.
4Sight Streaming: Launched earlier this year for tennis, and now available for basketball, 4Sight Streaming generates animated overlays and actionable insights by processing an unparalleled volume of deep data. This creates an enriched viewing experience that can predict the likely outcomes in a game so that fans can make informed real time betting decisions.
NBA Advanced Visualizations: Through rich, interactive graphics and animations, these visualizations leverage real-time skeletal tracking data to create engaging content, such as 3D animations, heat maps and player performance metrics, that enhance game analysis and add a dynamic element to support media companies’ storytelling about action on the court.
emBET: Following its successful launch on NBA League Pass earlier this year, emBET now allows bettors to actively monitor their wagers and is also now available on a wider range of devices, including internet-connected televisions and Android devices, increasing opportunities for fans to enjoy an interactive viewing and betting experience.
Eric Conrad, EVP, Rights & Strategic Partnerships – USA & Latam, Sportradar said: “Sportradar is committed to deepening our longstanding partnership with the NBA, while also supporting betting operators and media companies in capitalizing on the immense global popularity of the league. Sportradar’s proprietary technology, underpinned by the application of powerful AI to deep data, continues to reimagine how fans interact with the NBA. We are excited by what the future holds, driven by our constant innovation.”
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BINGO GODEL QUILMES BETS BIG ON ZITRO’S MEGA LOUNGE
Zitro, a global leader in the gaming industry, continues to reap success in Argentina with ‘Mega Lounge’, this time in partnership with Bingo Godel Quilmes, one of the leading references in the province of Buenos Aires. This concept, unique in the industry, is part of the recent expansion of the gaming hall and reinforces the commitment to Zitro, consolidating it as the strategic supplier in this new stage of the renowned Bingo.
“Mega Lounge,” located in an exclusive area of the gaming hall, combines different cabinets and a wide game library with various themes and mechanics. These games share an interconnected Mega jackpot progressive.
Bingo Quilmes’ gaming floor now features up to five “Mega Lounge,” each packed with Zitro cabinets.
Due to the number of cabinets contributing to the Mega Jackpot, it appears more frequently, creating an exciting community celebration experience known as the ‘Eco-celebration’. This event is enjoyed by all customers playing in the Lounges’ cabinets at the moment they win the prize.
Bingo Godel Quilmes, which already offered a variety of successful Zitro games, including Link King, Link Me, Link Shock, 88 Link, Bashiba Link, and Wheel of Legends, has expanded its gaming offer with more renowned titles such as Fu Frog, Fu Pots,, Pearl’s Paradise, Mighty Hammer, Epic Kingdom, Drum Dynasty, Energy Link, 88 Link Multiplier, and 88 Link Shiro,among others. This expansion reaffirms both parties’ commitment to providing customers with a varied and attractive range of Zitro products, aiming to deliver the most innovative entertainment experience on the market.
Juan Pablo Fichera, General Manager of Bingo Godel Quilmes, commented: “For us, it is fundamental to offer a wide variety of products that allow us to diversify our offer and provide our players with the best experiences. Therefore, we have partnered with Zitro, a leading supplier in Latin America that has already demonstrated solid performance in our venue. In addition, “Mega Lounge,” with its unique, community-focused experience, has been a huge success with our customers and is quickly becoming a favorite.
On the other hand, Alejandra Burato, Zitro’s Regional Director for Latin America, commented, “’Mega Lounge’ is proving to be a resounding success in all the venues and countries throughout the region, including Argentina. Its proven performance, combined with a wide variety of games for different player profiles, makes this innovative concept a safe bet, further increasing our performance, which is already among the top 5 venues in the region. We are thrilled to expand our gaming offer through our partnership with Bingo Godel Quilmes and to continue our joint success. We are grateful for their ongoing trust and support of Zitro.”
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