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Business News of Friday, 27 September 2024

    

Source: africa.businessinsider.com

African countries with the largest sports betting population

The African sports betting market is projected to reach $1.85 billion by 2024 The African sports betting market is projected to reach $1.85 billion by 2024

According to a survey by Geopoll, Kenya has the largest sports betting population in Africa, with 82.81% of respondents agreeing to bet, followed by South Africa (73.94%) and Ghana (73.03%).

The African sports betting market, fueled by increased internet adoption, is projected to reach $1.85 billion by 2024, with a 6.28% annual growth rate through 2028.

Football is the most popular betting sport, attracting over 76.53% of bettors.

Despite its economic contributions, concerns over youth gambling and exploitation have prompted calls for regulatory measures to ensure safer betting practices across the continent.

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