12 °c
London
Tuesday, November 28, 2023
No Result
View All Result
FurtherAfrica
  • Countries
    • Angola
    • Botswana
    • Cape Verde
    • DRC
    • Eswatini
    • Ethiopia
    • Kenya
    • Malawi
    • Mauritius
    • Mozambique
    • Namibia
    • Nigeria
    • Rwanda
    • South Africa
    • Tanzania
    • Uganda
    • Zambia
    • Zimbabwe
  • Interviews
  • Understanding
  • Videos
  • Travel
  • Weekend
  • About
FurtherAfrica
  • Countries
    • Angola
    • Botswana
    • Cape Verde
    • DRC
    • Eswatini
    • Ethiopia
    • Kenya
    • Malawi
    • Mauritius
    • Mozambique
    • Namibia
    • Nigeria
    • Rwanda
    • South Africa
    • Tanzania
    • Uganda
    • Zambia
    • Zimbabwe
  • Interviews
  • Understanding
  • Videos
  • Travel
  • Weekend
  • About
No Result
View All Result
FurtherAfrica
No Result
View All Result
Home Africa

The rise of online betting in Africa

Staff by Staff
November 22, 2020
in Africa, Legislation, Mobile, Sports, Weekend
Reading Time: 2 mins read
0 0
0

Africa ranks among the continents with the fastest-growing number of sports fans. In addition to following their favourite sports, there is a new wave of sports betting, with a big number now involved with Betway online sports betting.

It goes without saying, football is the most popular sport among Africans, but other disciplines like athletics, rugby, volleyball, basketball, and boxing are also popular. Initially, the continent was not known as a hub for casinos, but today, you can place bets on Betway right from wherever you are.

With more sportsbooks venturing into the African market over the last few years, we evaluate some of the reasons why online sports betting has been on the rise in the African continent.

#1. Mobile betting

Bookies have taken advantage of the mobile betting platform, with special apps for both Android and iOS developed. A larger number of the African population above the age of 18 years owns, or has access to a mobile phone, which has made it possible for them to register with one or two betting companies. Besides, with mobile betting, fans can bet on sports events from wherever they are.

#2. The convenience of mobile money

A lot of development in Africa can be attributed to the tremendous growth of mobile money. M-Pesa from Safaricom was launched in the early 2000s, and that was the turning point for various industries, long before the betting industry became what it is today. Today, M-Pesa and other mobile money platforms have partnered with several bookmakers to provide customers with quicker mobile payment services in addition to other options such as MasterCard, Skrill, and Neteller, among others.

Also read: Comparing Africa’s gambling laws

#3. Relaxed gambling regulations

The betting market in Africa is not the same as Europe or America. The betting laws in most of the European and American countries are so strict, making it harder for betting companies to pitch tents. Ideally, these regulations are mainly for protecting customers against frauds, but with African nations still considered third-world economies, foreign investments are welcome. Strict measures are yet to be put in place, with only South Africa boasting the best regulated market.

#4. High rates of unemployment

The number of unemployed youths and adults in the African continent is alarming. Countries like Ghana, for example, have highly educated youths who are still unemployed. With the entry of foreign and local betting companies, these youths engage in online sports betting for the opportunities to win money. Unlike in developed countries, you can make wagers with as little as $1, or even less. That makes the playground more suitable even for the unemployed Africans out there.

#5. Entry of multiple betting companies

So many foreign and local betting companies have flooded the African market. The obvious competition for customers results in marketing and advertisements, thus creating awareness among the people. Even with so many Africans passionate about sports, advertisement through different media has played a massive role. Also, companies like Betway offer plenty of bonuses for new and existing customers, making betting an appealing venture among many sports fans.

Source: All Africa

Related

Tags: africabasketballbettingBetwayboxingdigital economyfootballgamblingMobile Moneyonline bettingrugbySportsThe rise of online betting in AfricavolleyballWeekendафрикаأفريقياアフリカ非洲
Staff

Staff

Related Posts

Gender

AFAWA Finance in Kenya to plug $42B women financing gap

by The Exchange
November 28, 2023
Finance

Nigeria Central Bank to tighten policy to curb inflation

by FurtherAfrica
November 28, 2023
Business

EthSwitch pre-tax profit jumps a record 172%

by FurtherAfrica
November 28, 2023
COP 28

COP 28: Mozambique positions large hydro project to anchor energy transition

by Elizabeth Khumalo
November 28, 2023
Communications

Egypt to build undersea interconnection cable with Europe

by Energy Capital & Power
November 28, 2023
Mozambique eVisa
 
MozParks

Translate this page

Read the Latest

Gender

AFAWA Finance in Kenya to plug $42B women financing gap

by The Exchange
November 28, 2023
0

The AFAWA initiative seeks to increase women’s access to finance in the continent by bridging the $42 billion financing gap...

Read more

Nigeria Central Bank to tighten policy to curb inflation

November 28, 2023

EthSwitch pre-tax profit jumps a record 172%

November 28, 2023

COP 28: Mozambique positions large hydro project to anchor energy transition

November 28, 2023

Egypt to build undersea interconnection cable with Europe

November 28, 2023

FurtherAfrica Partners Network

The Exchange Farmers Review Africa 360 Mozambique
TechGist Africa Energy Capital & Power Club of Mozambique
Taarifa Rwanda Web3Africa See Africa Today
Africa Global Funds Novafrica CrudeMix Africa
Harambee Africa Botswana unplugged Financial Insights Zambia
O Económico Digilogic Africa  

Subscribe to FurtherAfrica

Enter your email address to receive new articles on your email.

Join 107.2K other subscribers
FurtherAfrica

© 2021 FurtherMarkets

FurtherAfrica is a FurtherMarkets Limited platform

  • Countries
  • Interviews
  • Understanding
  • Videos
  • Travel
  • Weekend
  • About

Follow Us

No Result
View All Result
  • Countries
    • Angola
    • Botswana
    • Cape Verde
    • DRC
    • Eswatini
    • Ethiopia
    • Kenya
    • Malawi
    • Mauritius
    • Mozambique
    • Namibia
    • Nigeria
    • Rwanda
    • South Africa
    • Tanzania
    • Uganda
    • Zambia
    • Zimbabwe
  • Interviews
  • Understanding
  • Videos
  • Travel
  • Weekend
  • About

© 2021 FurtherMarkets

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?