Africa Gambling Market - Industry Dynamics, Market Size, And Opportunity Forecast To 2030

Africa Gambling Market is projected to record a growth in revenue from US$ 3,048.05 Mn in 2021 to US$ 5,637.37 Mn by 2030, registering a CAGR of 6.99% during the forecast period 2022-2030. Africa is witnessing exponential growth in gambling activities as more gaming companies are setting up businesses across the continent. Africa, being the second largest continent in the world, is home to millions of sports and gaming enthusiasts. Undoubtedly, the continent is a key player in the growth of the gambling industry. 

The phenomenal growth in the gambling market of Africa is attributed to the young population of the continent. The African continent is one of the world's regions with a growing young population. Africa's young people, defined as those between the ages of 0 and 24, will rise by roughly 50% by 2050. South Africa, Nigeria, Kenya, Tanzania, Rwanda, and Ghana have become major gambling destinations in the continent in recent times. The expanding ubiquity of mobile communication, along with the availability of smartphones, has been a major driver of this trend. However, the COVID-19 outbreak has wreaked havoc on the gambling/ casino business on the ground. Government-imposed restrictions in several nations resulted in the shutdown of casinos, lottery outlets, and other gambling facilities.

The offline gambling segmentation type is estimated to have the highest market share of 90% in 2021, however, the digital segment is anticipated to grow at the highest rate during the forecast period, registering a CAGR of 8.59%. The growth in CAGR is attributed to the rising use of smartphones in the African continent.

The casino holds the highest market share by product type, valued at US$ 1,972.23 Mn in 2021, and is anticipated to reach US$ 3,431.58 Mn by 2030. South Africa is the major country in the Africa gambling market. South Africa is regarded as the gambling Mecca of the African continent with a share of 79.4% of the gambling market in Africa. 

Report Summary

The study of the Africa Gambling Market considers various market determinants, emerging economies in gambling, and competitor analysis in the African gambling market. The report discusses the analysis of the Africa gambling market for the period 2017-2030, where the base year is 2021 and the forecast period is 2022-2030. The report provides a detailed analysis of the gambling market in Africa across 5 chapters and 53 pages.  

The research report offers a detailed study of market determinants including market drivers, restraints, opportunities, and trends; along with an attractive presentation in the form of impact analysis to gain a simpler and easy comparison view of all market determinants. The subsequent sections provide details of the market analysis based on different segments such as type, product, and region. In addition to this, the report also presents extensively the key competitors in the gambling market in Africa such as Sun International Ltd, Phumelela Gaming and Leisure Limited, Peermont Global Pty. Ltd., The Northern Cape Gambling Board, and Tsogo Sun among others.

Impact of COVID-19

The COVID-19 outbreak has wreaked havoc on the gambling/casino business on the ground. Government-imposed restrictions in several nations resulted in the shutdown of casinos, lottery outlets, and other gambling facilities. Closures left casinos without revenue for weeks or months, and even when they reopened, limits were imposed to limit the number of guests, preventing them from operating at full capacity. During COVID-19, data on gambling-related harms was found in nine studies. However, the pandemic prompted customers to spend more time and money on various games and gaming consoles, resulting in the expansion of the commercial gambling business. Coronavirus has altered the gambling narrative. And it's a business first in Africa, where millions of gamblers have accepted the new norm of gaming from home.

A Glance at the Competitors

• Sun International Ltd. is an investment holding company for a group of companies that operate in the entertainment and leisure industries. It is specializing in gaming, hospitality, and entertainment, the company owns 42.5% of the South African casino market.
• Phumelela Gaming and Leisure Limited is the horseracing and/or tote betting operator in seven of South Africa's nine provinces. The company also manages horseracing and tote betting in the Western Cape on behalf of Kenilworth Racing.
• Peermont Global Pty. Ltd. owns and operates hotels and resorts. The Company provides casinos, convention centers, retail outlets, restaurants, bars, sport, and entertainment facilities. Peermont Hotels, Casinos, and Resorts is an award-winning hospitality and entertainment company that operates 12 properties located across South Africa and Botswana,
• The Northern Cape Gambling Board (NCGB) dedicates its time and effort to ensuring responsible and legal gambling throughout the Northern Cape.
• Tsogo Sun is a South African hotel, gaming, and entertainment group. Tsogo Sun Gaming proudly supports the National Responsible Gambling Program. Only persons 18 years and older are permitted to gamble. Tsogo Sun casinos are licensed casinos.

Report Highlights

• Africa Gambling Market is projected to record a growth in revenue from US$ 3,048.05 Mn in 2021 to US$ 5,637,37 Mn by 2030, registering a CAGR of 5% during the forecast period 2022-2030.
• The digital segment is anticipated to grow at the highest rate during the forecast period, registering a CAGR of 8.59%. The revenue from the digital segment is expected to witness a jump from US$ 295.4 Mn in 2021 to US$ 625.18 Mn by the end of 2030.
• The casino holds the highest market share of 64.7% by-products in 2021.
• South Africa is the gambling Mecca of the African Continent with a share of almost 80% in 2021. South Africa is anticipated to continue its dominance in the region.
• Uganda is projected to grow at a CAGR of 6.1% during the forecast period 2022-2030.
• The key market players are Sun International Ltd, Phumelela Gaming and Leisure Limited, Peermont Global Pty. Ltd., The Northern Cape Gambling Board, and Tsogo Sun among others.

Segmentation Overview

By Type

• Digital
• Offline

By Product

• Casino
• Lotteries
• Poker
• Betting

By Country

• South Africa
• Kenya
• Nigeria
• Cameroon
• Uganda
• Rest of Africa