{"id":3942,"date":"2022-10-19T13:13:00","date_gmt":"2022-10-19T13:13:00","guid":{"rendered":"https:\/\/casinorank.com\/?p=3942"},"modified":"2022-10-19T08:31:01","modified_gmt":"2022-10-19T08:31:01","slug":"the-strongest-online-gambling-markets-in-africa","status":"publish","type":"post","link":"https:\/\/casinorank.com\/news\/the-strongest-online-gambling-markets-in-africa\/","title":{"rendered":"The Strongest Online Gambling Markets in Africa"},"content":{"rendered":"\n
Online sports gambling is growing rapidly in South Africa, and the nation is now the dominant force in the African market. More than 80% of online sports betting revenue<\/a> generated by Africa is provided by its southernmost country, as South Africa targets a seat at the top table of global wagering.<\/p>\n\n\n\n This growth plan makes sense for South Africa. It is estimated that the world’s online sports gambling market will surpass $237.2 billion in 2027, and the government of SA understandably wants to secure its own portion of this reward. However, the country is far from alone in the African market. As online sports betting in South Africa goes from strength to strength, which other markets represent potential rivals?<\/p>\n\n\n\n Nigeria boasts the biggest economy in Africa, and it is also one of the most populated African states, resulting in a per capita GDP of just under $5,200 in 2020<\/a>. There is a significant potential market for online sports betting in Nigeria, and the nation should be able to rival South Africa in terms of revenue generated from the market.<\/p>\n\n\n\n So why is Nigeria still an emerging market, and not yet a rival to South Africa? This is down in part to the status of online casino gambling. While many forms of betting \u2013 both physical and digital \u2013 are regulated in Nigeria, online casinos are still technically illegal and unregulated. Currently, this makes it difficult for Nigeria to compete toe-to-toe with South Africa in the wider gambling market, something that also negatively impacts on sports betting providers. <\/p>\n\n\n\n Kenya’s per capita GDP is slightly smaller<\/a> than Nigeria’s, and Nigeria’s population is four times greater than Kenya’s. Despite this, Kenya is still an important market in the ongoing development of online sports gambling in Africa. This is because Kenya’s population is already engaged with the industry, although options are limited.<\/p>\n\n\n\nNigeria<\/h2>\n\n\n\n
Kenya<\/h2>\n\n\n\n