Offshore operators of sports betting services are getting attracted to Africa in large numbers for very good reasons.
Here are some of those reasons:
High Population of Unemployed YouthMore than 200 million people in Africa are in the age group of 15 to 24 and a large number of them do not have jobs. Certain African countries have an unemployment rates that are as high as 25%. In addition, the population of Africa is believed to become twice as big by 2050 and the continent will have the world's largest youth population.shibanpharma.com The sports betting industry gives these young people an opportunity to earn as they enjoy their favorite sports events.
Great Love for SportsAfricans are crazy about sports. Although football has the largest number of fans, cricket also has its fair share of followers. In Zimbabwe, South Africa, and Kenya, rugby also enjoys a great deal of popularity. European football leagues in general and the Spanish, English, Italian, and French leagues in particular have African fans in millions.
Africans also love placing bets on sports such as hockey, basketball, tennis, car, boxing, horse races, motorcycle racing, and other sports. They are especially enthusiastic about placing bets on outcomes of matches, number of goals, players who score the most, and so on. It is this African craze for sports that makes its sports betting industry one of the most lucrative in the world.
Lenient Sports Betting LawsEuropean and US sports betting companies are fast expanding into Africa because of the lenient sports betting laws in most African countries. In fact, South Africa is the only country that has properly regulated its gambling market.snu.ac.kr In most African countries, gambling laws are new and the fledgling industry is not yet regulated.
At the same time, certain Muslim-majority African countries have imposed a blanket ban on sports betting and placing bets on sports is definitely illegal there. Gambling is also illegal in Gambia, which has banned all forms of gambling including sports betting, casinos, and lotteries.
Rising Popularity of Mobile GamblingThe use of mobile devices is on the rise in Africa. More and more Africans are discovering the joys of sports betting on the move. African operators of sports have partnered with top mobile phone operators to link mobile money services such as M-Pesa, Orange Money, and Airtel Money with their sports betting products. As a result, Africans enjoy sports betting not only on their desktops, but also on their smartphones and tablets.
Young South African adults are excited about how they can place bets on their mobile phones using Africa facing online sports sites such as Betway. In fact, Betway is one of the most popular African online sports betting sites. Even residents of remote villages such as Musango in East Africa, for example, can place sports bets almost for free and win huge amounts of cash.trailorthodontics.com They can place small bets of 100 shillings or $1 and win amounts as high as 50,000 shillings or $525.drake.edu They can use their winnings to pay bills or school fees.
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