In recent years, online gambling has experienced remarkable growth across Africa, fueled by a combination of factors. Revenue from the market is projected to reach US$1.90bn in 2024 with an annual growth rate (CAGR 2024-2029) of 5.81%.
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The continent's impressive mobile penetration allowed widespread access to digital gambling platforms, a trend that accelerated during the COVID-19 pandemic as land-based casinos closed. With live sports off the air, many gamblers turned to alternative online options, fueling a surge in virtual betting.
South Africa, Nigeria, Kenya and Ghana are the countries with the largest gambling market in Africa with South Africa accounting for the total industry revenue
The online gambling market is expected to hit 14.1m users by 2029 with a market volume of US$2.52bn.
To unlock the full potential in Africa, it is crucial for the African gambling market to implement responsible gambling practices and robust player verification systems.
