Could Africa be the next big iGaming hotspot?

The iGaming industry has experienced tremendous growth in recent decades, which does not appear to be slowing down anytime soon.

The sector may have already managed to achieve a huge presence across Europe - although there are still countries today that are introducing new legislation that is favorable for growth - while North America has also started to be conducive, with it possible to find a regulated online casino to use with ease.

With the success achieved across these continents and growing interest in markets across South America and Asia, there have been questions about whether Africa could be the next big iGaming hotspot for the industry.

Reasons why Africa could be the next hotspot

Africa has been highlighted as a potential hotspot for iGaming for a variety of reasons, with many suggesting that there could be a lot of success achieved if the industry decides to expand.

Sports betting has already proven extremely popular for many Africans across the continent, with populations across various countries already favorable with the wagering activity. As so many already regularly gamble on their favorite sports, such as on the football played in the English Premier League and major international events, there is some suggesting that there will be a similar approach to online casino gaming.

The regulatory environment that already exists in some corners of Africa would also suggest that the iGaming industry could thrive. Countries such as Kenya, Ghana, Nigeria, and South Africa have already brought in favorable conditions that allow the industry to thrive in a safe way for its players. This is something that could be replicated by other countries, with the added benefits of being able to increase economic revenues through taxation and foreign investments.

Internet accessibility has also increased across Africa in recent years, which could help the continent to become a hotspot for the iGaming industry, too. With greater accessibility available, more people will be able to start accessing an online casino and playing their favorite games. Combined with an increase in smartphone and internet penetration among the youth, as well as the continent’s population being more tech-savvy than before, it is easy to see why so many like Africa’s chances.

Why Africa may not be considered a hotspot presently

On the flip side, it is possible to argue that Africa may not quite be ready to be the next hotspot for the iGaming industry. There are numerous factors that could help to highlight this viewpoint, with some arguing economics.

Africa is known for being one of the most poverty-stricken continents around the world, with most struggling to be able to afford even the basics. Most do not have a disposal income that would allow them to play at an online casino, as they would have to ensure they can get the bare essentials to ensure they are able to live properly.

There is also a concern regarding corruption across the continent. Numerous nations have experienced or continue to experience corruption, and this would present iGaming companies with a number of issues if they were to try and enter the market. Until these issues were sorted, it might be best for them to avoid entering at this moment. 

Read Full Story