EXPERTS Gambling wins in Africa will be USD 2 B in 2024 4 years ago Samuel Post Views: 1,226 The estimates brought by H2 Gambling Capital and iGB show that African igaming gross win will more than double in the next five years, rising from US$996.2m (£812.2m) this year to $2bn in 2024. Africa iGaming Dashboard, prepared ahead of iGB Affiliate Africa in October, follows the evolution of the African igaming sector from 2012 with projections up to 2024. H2, a gambling industry’s consulting, market intelligence and data company, predicts that African igaming gross win will more than double in the next five years, rising from US$996.2m (£812.2m) this year to $2bn in 2024. Due in part to poor internet connectivity, African gaming generally remains heavily retail dominated, however, H2 predicts that igaming as a percentage of African GGR will rise from 18% this year to 24.4% by 2024. After several years of rapid growth, mobile’s percentage of this looks set to remain relatively flat at about 63% over the next five years. It’s worth pointing out that this percentage was just 14.4% in 2012. With countries in Africa – particularly the biggest gaming markets – increasingly moving to regulate online gambling, the white market percentage of igaming is set to increase from 83.6% this year to 89.2% by 2024. Across both igaming and land-based gaming, casino is the most popular product in Africa, accounting for 41.9% of gross win this year. Betting is the second most popular vertical on the continent, capturing 35.8% of the market. While land-based betting currently accounts for the highest share of the sports betting total, the estimates show that by 2024 the percentage of revenues coming from online will be almost equal at 47.9%. Interestingly, however, the percentage of online sports betting GGR coming from mobile seems to have peaked over the past year or so, and H2 predicts this will tail off by a few percentage points over the coming years. Similarly, the white market percentage of online sports betting revenues will rise only a few percentage points further by 2024. H2 Gambling Capital is the gambling industry’s leading consulting, market intelligence and data team. The company has a track record of nearly 15 years focused on the global gambling industry, its projections have been influential in shaping legislators’ and investors’ views of the gambling sector across the globe. Source: yogonet.com About Post Author Samuel I am a journalist specializing in gambling in Africa and around the world. I am particularly interested in stories about games and casinos. See author's posts SamuelI am a journalist specializing in gambling in Africa and around the world. I am particularly interested in stories about games and casinos. Facebook Twitter LinkedIn Email Print Tags: African igaming market, igaming Continue Reading Previous Nigeria – Offline gambling gamesNext Ghana – how gambling is organized in Ghana More Stories EXPERTS NIGERIA Joining AGE LAGOS 2024 with Weldon Koros 19 hours ago Samuel EXPERTS UGANDA Differences in gambling laws in Africa vs other parts of the world 2 days ago Samuel CASINO EXPERTS Do People Actually Win Money Playing Slots? 2 days ago Szarlot EXPERTS NIGERIA Don’t miss the Africa Gaming Expo Conference 2024! 3 days ago Samuel EXPERTS SOUTH AFRICA Big Africa Summit coming in March 4 days ago Iwo Bulski EXPERTS KENYA Kenya Cracks Down On Crypto To Avoid Financial Blacklist 4 days ago Samuel EXPERTS HOT NEWS UGANDA Comtrade gaming rolls out central monitoring system in Uganda 5 days ago Szarlot EXPERTS KENYA Betting Board Launches Renewed Campaign On Illegal Gambling Dens 5 days ago Szarlot EXPERTS NIGERIA Joining us as a speaker at AGE Lagos is Olajide Boladuro 1 week ago Samuel EXPERTS Booming Games Enters African Market Via BetFounders Partnership 1 week ago Iwo Bulski EXPERTS NIGERIA Changes and Challenges in Nigeria’s Gambling Industry 1 week ago Samuel EXPERTS NIGERIA Zu Tohtayeva will be joining us as a speaker at AGE LAGOS 2024 1 week ago Samuel Leave a Reply Cancel replyYour email address will not be published. Required fields are marked *Comment * Name * Email * Website Save my name, email, and website in this browser for the next time I comment. Δ This site uses Akismet to reduce spam. Learn how your comment data is processed.