Come on, admit it. Gambling stories as we know them today are fundamentally altered by the coronavirus. Millions of African gamblers have accepted the recent norm of online gambling, making it big business across the continent. Due to the demise of brick-and-mortar stores, consumers had no choice but to turn their attention to virtual shopping malls. It also means that gambling activities that rely primarily on internet access will flourish as individuals all over the globe struggle with social disassociating rules until the pandemic is eliminated.
Playing on a top-tier gambling platform like South Africa’s CasinoHEX will help you appreciate why the continent of Africa is on the cusp of a historic first in the world of gambling. As a result, you should begin by learning more about CasinoHEX. In addition, since Covid-19 hit, experts in economics have revealed impressive growth statistics for eGaming on the continent. This article provides a comprehensive look at the anticipated growth of the gambling industry in Africa. It is important to note the consistent growth of the online gambling industry in Africa over the past decade.
Gambling in Africa Has Been Revolutionised by Mobile Payment Systems
The way people in Africa gamble is shifting due to the rise of online casinos. You could say that mobile eSports are the wave of the future in Africa. The online gaming market in Kenya serves as a stellar example of how phone gambling should be executed. Taking Kenya as an illustration, the most popular mobile wallet, M-PESA, is revolutionising the way gamblers transfer money between online casinos and their bank accounts.
M-PESA, a mobile money transfer service popular in Kenya, allows gamblers to quickly and easily deposit funds into their online accounts. As opposed to bank deposits, which can take days to appear in gaming accounts, this is a huge improvement. You can get your casino winnings out of an M-PESA account in a matter of seconds. Countries like Rwanda, South Sudan, Uganda, and Tanzania now have access to M-PESA.
Mobile payment systems have a significant effect on the thriving eGaming industries in Kenya, Tanzania, and Uganda. Mobile wallets like MTN Money, Airtel Money, and Glo are revolutionising the deposit and withdrawal processes for gamblers in West African countries like Nigeria and Ghana. Ethiopia is currently rolling out M-PESA infrastructure, which has the potential to spark the country ‘s fascination with eGaming, an industry that has been underexploited and unregulated for years.
Online Gambling on Smartphones is the Wave of the Future in Africa
Today is the day and age of digital transition. Smartphones have recently become popular across Africa as analog cell phones become increasingly obsolete in today’s rapidly evolving world. According to data compiled by Statista, the African continent represents a sizable market for the largest smartphone producers in the world. As of April 2021, for instance, Samsung and OPPO were the two smartphone market leaders in Africa.
Multiple hundreds of millions of handsets are shipped to Africa every year by the largest smartphone manufacturers in the world. Since more and more people now have access to smartphones, the popularity of mobile gambling has skyrocketed. According to GeoPoll’s research, Kenya is the world leader in mobile gambling. Smartphone gambling is primarily used by people under the age of 35. Following closely behind Kenya in mobile gambling are Uganda, Ghana, Nigeria, and South Africa. To sum up, the next generation of eGaming on the African continent will be firmly rooted in the smartphone revolution, which remains the primary mode of access across the continent.
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South Africa’s Online Gambling Industry Will Continue to Lead in Africa
Most research on the topic of internet gambling in Africa tends to focus on South Africa. Gamblers in search of a good time flock to the continent’s third-largest economy. Land-based gambling establishments in South Africa are among the best in Africa. Additionally, many of Africa’s biggest winners from gambling can be found there, specifically from online lotto games.
The advent of 5G Networks Will Boost Online Gaming Connections
The foundations for 5G are being laid rapidly in many different regions. South Africa was the continent’s pioneer in this field, followed closely by Kenya. More and more Africans are signing up for online gaming sites, which means more and more Africans have a link to internet casinos and betting sites. It is important to remember that 5G innovation isn’t a silver bullet for Africa’s eGaming sector. Involved in this process is the widespread adoption of smartphone technology across the continent. More companies in the gaming market may think about setting up shop in Africa now that the continent’s tech hub has 5G. Gamblers and the state can both benefit from this.
Gamblers in Africa now have unrestricted access to gambling sites and can take advantage of high-definition gaming thanks to the arrival of 5G internet connectivity. For the African gambler, the arrival of 5G technology couldn’t come at a better time, as more and more online casinos are incorporating virtual reality and augmented reality gaming into their platforms.
Because of the importance of customers’ access to the internet in modern gambling, the rapid rollout of 5G across the continent is expected to expand the eGaming market in ways nobody could have predicted. These significant advancements occur as the world continues to fight off a pandemic. More than 6,000 people were killed by COVID-19 in just seven days in Africa, making it one of the continent’s deadliest outbreaks daily.
To put it simply, Africa is a continent on the move. Kenya, South Africa, Nigeria, and Egypt are among the top countries on the continent that are leading the way in technological change. Its effects are always felt all over, particularly in the gambling industry. After a global pandemic has halted all economic activity, governments everywhere look for new ways to rake in revenue. Kenya was a leader in enacting severe taxes on online gambling to combat a pervasive culture of betting that is blamed for fueling a host of related social problems. Everybody in South Africa is crossing their fingers that the government will pass a law allowing engaging gambling, which would unleash the country’s online gambling industry.