{"id":594,"date":"2022-11-09T08:38:58","date_gmt":"2022-11-09T08:38:58","guid":{"rendered":"https:\/\/sbceurasia.com\/en\/?p=594"},"modified":"2022-11-10T09:00:23","modified_gmt":"2022-11-10T09:00:23","slug":"african-gambling-market-to-exceed-5-6-billion-by-2030","status":"publish","type":"post","link":"https:\/\/sbceurasia.com\/en\/2022\/11\/09\/african-gambling-market-to-exceed-5-6-billion-by-2030\/","title":{"rendered":"African gambling market to exceed $5.6 billion by 2030"},"content":{"rendered":"\n

The African gambling market will exceed $5.637 billion by 2030, EINpresswire<\/a> reported Nov. 8, citing a report from consulting firm Astute Analytica.<\/p>\n\n\n\n

Experts note that in 2021 the African gambling market reached $3.048 billion. Analysts believe that the average annual growth rate of the market over the decade will be 6.99%. This forecast is based on the popularity of gaming apps and smartphone penetration.<\/p>\n\n\n\n

Africa has the youngest population in the world, with about 60% of the population under 25, and gambling is of great interest to the younger generation in the region. According to a 2019 GeoPoll survey, about 54% of young people aged 17\u201335 in sub-Saharan Africa bet on sports.<\/p>\n\n\n\n

The offline segment currently accounts for 90% of the African gambling market but is trending as the online segment is growing at an annual rate of 8.5% due to the increased use of smartphones in betting.<\/p>\n\n\n\n

The offline segment currently accounts for 90% of the African gambling market but is trending as the online segment is growing at an annual rate of 8.5% due to the increased use of smartphones in betting.<\/p>\n\n\n\n

The value of the casino segment in 2021 was $1.97 billion. It is expected that by 2030 it will grow to 3.43 billion dollars due to the legalization of casinos in many African countries.<\/p>\n\n\n\n

The dominance of the African gambling market is maintained by South Africa, whose market is estimated at $2.42 billion. It is projected to grow to $45 billion by 2030.
Don’t forget to subscribe to our Telegram-channel<\/a>!<\/p>\n","protected":false},"excerpt":{"rendered":"

The African gambling market will exceed $5.637 billion by 2030, EINpresswire reported Nov. 8, citing a report from consulting firm Astute Analytica. Experts note that in 2021 the African gambling market reached $3.048 billion. Analysts believe that the average annual growth rate of the market over the decade will be 6.99%. This forecast is based […]<\/p>\n","protected":false},"author":7,"featured_media":279,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"tdm_status":"","tdm_grid_status":"","footnotes":""},"categories":[21,5,22,1],"tags":[231,50,1397,46,105,563,1401,1400,1398,1399],"class_list":["post-594","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-features","category-gambling","category-market-analysis","category-news","tag-africa","tag-casino","tag-elnpresswire","tag-gambling","tag-igaming","tag-market","tag-mobile-gambling","tag-sahara","tag-smartphone","tag-south-africa"],"yoast_head":"\nAfrican gambling market to exceed $5.6 billion by 2030 - SBC EURASIA EN<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/sbceurasia.com\/en\/2022\/11\/09\/african-gambling-market-to-exceed-5-6-billion-by-2030\/\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"African gambling market to exceed $5.6 billion by 2030 - SBC EURASIA EN\" \/>\n<meta property=\"og:description\" content=\"The African gambling market will exceed $5.637 billion by 2030, EINpresswire reported Nov. 8, citing a report from consulting firm Astute Analytica. 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