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The gambling industry in Africa is booming, the market is expected to reach a value of US$11.27bn, up from US$6.10bn today. Naturally, this will come as good news for overseas gambling firms (who will view the continent as the next new emerging market to extend their reach) but also politicians (who will welcome the extra revenue). Here in Ghana, it’s impossible to ignore the growth of gambling. Every week, the number of betting shops in Accra appear to be multiplying. But that’s only what we see on the surface. As this report highlights, the real escalation is in online gambling: 15m users in Africa are addicted to digital platforms, particularly the young (18-35-year-olds make up 60% of the user base for gambling). If we’re going to stem this problem, more action is needed. In particular, there are two things I would like to see happen: * Politicians need to stop liberalising gambling laws. Recent regulatory reforms in Uganda have seen the number of registered betting companies DOUBLE from 15 to 30 within the last three years. * The end of celebrity endorsements. Ghanaian actor Lil Win has acted as brand ambassador for eBet in Ghana while Brazilian footballer Ronaldinho has promoted 22Bet in Kenya. Gambling adverts are everywhere and youth are particularly impressionable. The fact is gambling kills and celebrities need to stop peddling this dangerous activity.
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In the heart of Africa’s gambling scene lies Kenya. According to this post by Harry Bor, it has the third biggest gambling market in Africa, estimated at Sh200 billion annually. The demographic growth of the young population, along with mobile devices and internet popularization are just a few factors that make Kenya such a strong country in iGaming.
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