iGaming is one of the fast-growing industries in the world where millions of people are involved every day. This rapidly growing industry is very popular in the African region.
And today we will describe the iGaming industry in African countries in detail. You will get more information about the most successful companies, popularity level, legislative framework, and other significant aspects.
iGaming In Africa: Popularity, Gamers, And Revenues
The iGaming industry first entered Africa in 2010, and the first company to start iGaming in Africa was Betway. The first country in Africa where iGaming was available was Ghana.
When iGaming first entered Africa, the games that were available were not very advanced. Additionally, most of the locals were not as excited about these services as it was expected. However, over time, the games have become more advanced and the locals have come to appreciate them more.
Nowadays, Africans love the iGaming industry, and millions of them are actively involved too. Even though gaming is popular in most African countries, the extra popularity is outlined in Nigeria, South Africa, Kenya, and Ghana. From these countries, we have to outline Nigeria, which has the highest rate of players. As digital currencies became popular, the African iGaming market started implementing crypto payments too. It became the most popular and probably more comfortable for Nigerian players. Most of these sites are serving Nigerian clients with different cryptocurrencies for playing.
The iGaming industry in Africa is increasingly profitable. Africans spend an estimated $2.1 billion on iGaming each year, and this number is expected to grow in the coming years. However, according to a recent report by African Gaming Expo, the average revenue for an African iGaming company was $5.3 million in 2018. This figure is expected to grow in the coming years as more and more people gain access to internet-enabled devices and casino gaming becomes increasingly popular across the continent.
On the other hand, foreign companies generate significant revenue from the continent. Foreign iGaming companies are well positioned to take advantage of this growth market, as they have the experience and expertise to provide high-quality gaming products and services.
The industry provides a much-needed source of income for many African countries, and it is also helping to create jobs and boost the economy. 28 years is the average age of gamers from this continent. Important to note that in most other countries the average equals 26 years.
With the demographic categorization, it is generally accepted that women are less active than men in iGaming, particularly in online gaming. It is not an unusual trend because the same results are in other areas of the world too. In some African countries, the legal age for iGaming may be as low as 18 years old, while in others it may be 21 or older.
The Most Popular Games, iGaming Platforms, And Their Regulators In Africa
There are many popular games in the iGaming industry of Africa. Especially popular are slots and live casino games. Millions of people play them every day which automatically increases the revenue of the African iGaming industry. Some of the most popular slots in Africa include titles such as Mega Moolah, African Spirit, and Safari Heat. As for the most popular live casino games, blackjack and roulette are typically enjoyed by many players from across the continent. Finally, some of the biggest wins that have been recorded by Africans in iGaming come from playing progressive jackpot slots – with several lucky players becoming instant millionaires!
Some of the most popular African iGaming companies include Betway, Sportingbet, and 1xBet. On the other hand, foreign casinos are too successful in African countries. Especially popular ones are 888, bet365, and William Hill. These companies offer a variety of games and betting options for African players. They also have good customer service and support teams to help players with any problems they may have.
Most of the online casinos which operate in Africa are licensed. The most prestigious of these regulators is the Malta Gaming Authority, which is based in Malta. The most prestigious local authorities are the Gibraltar Gambling Commission and the Alderney Gambling Control Commission. These three commissions are highly respected in the online gambling industry and their licensing requirements are very strict. On the other hand, each country has its own laws and regulations regarding gambling, and it is up to the individual casino to comply with those laws.
For legal business, it is mandatory to accept African iGaming regulations. One of the central requirements is that the casino should have a valid license from a reputable licensing body. Secondly, it should offer games from leading software providers. Thirdly, it should provide attractive bonuses and promotions. Lastly, it should have a user-friendly website with good customer support. So if you decide to start an operation in the African iGaming industry, with the increasing perspectives and extreme popularity, you should consider getting local or Malta authority licenses.
