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Tuesday, June 18, 2024

The Ups And Downs Of The Online Slot Gambling Boom In Africa

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[dropcap]G[/dropcap]ambling industry “captured” the largest countries and continents. Now, it is looking for new goals and Africa is a perfect aim. According to PricewaterhouseCoopers, Nigeria, South Africa and Kenya are the most promising countries on this continent. Africa’s boom happened when virtual casinos and online betting have come together. Africa’s love affair with online gambling is a relationship of ups and downs, there is no doubt about it. Definitely, game room operators as well as bookmakers have an excellent income, while their clients tell different stories.

How Many Africans Are Fans Of Gambling?

For more parts of the African continent, free online slots gambling is a new phenomenon. Ludo and betting on pool games appeared many years ago, but new types of slot machines are something new and interesting for local gamers.

In Uganda, the first operators and lotteries appeared in early 2004. After 3 years, Sports Betting Africa established the first sports betting platform that had a license. Today, there are hundreds … thousands of illegal operators and various bookmakers which work in the country.

In Kenya, smartphones cause addiction. But at the same time, it is one of the most promising gambling markets since most of the locals visit casinos and make bets on the Internet.

Why do so many Africans go to casinos and enjoy gambling?

The answer is simple: a large number of unemployed Africans visit online casinos to win money. Digital Skills Observatory claims that every third resident of Kenya uses a smartphone and other gadgets for online bets. Experts say that income from interest rates will increase in this country to KSh5.1 billion by 2020/21.

But this is not the only reason for the popularity of casinos in Africa. There are many fans of football and other sports. Local football clubs educate future stars who play in England/Spain/Italy/Germany. Therefore, the people of Africa watch all football matches and make bets to get bonuses and extra money.

African bets are higher

Addiction is also driven by high stakes. Most teens and adults spend money to win jackpots. Large prize funds attract all gamers but it becomes a problem often. This gives casino operators an excellent income, while African officials and specialists do not want to publish real data and figures. They do not want to publish information about the negative consequences.

For this reason, the gambling industry in the local market is rapidly expanding, especially when most gamers use mobile technologies.

Excellent prospects or a collapse of the economy?

The local government is not going to limit casino operators and companies that offer players to bet. Today, most local players spend money to support their favorite team or win the jackpot at the casino. As a rule, teens spend university fees at online casinos that can harm the economy of this country. The government benefits from this business … but we hope that the situation will change.

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