Nigeria will be one of the fastest-growing African countries for gambling over the next five years, concludes PricewaterhouseCoopers in its second annual report on African gaming.
The Gambling Outlook 2013-17 (South Africa, Nigeria and Kenya) report is quite detailed. In the case of South Africa it includes casinos, LPMs, sports betting, bingo and the national lottery, while for Nigeria and Kenya it covers casino gambling only.
In each case it provides information on the gross gambling revenues, turnover and gambling taxes and levies, which is the amount gathered by provincial licensing authorities from legal gambling. In South Africa, the national lottery contributions are made up of lottery ticket sales and contributions to the National Lottery Distribution Trust Fund.
Predicting that Nigeria will be the biggest growth area, PwC said that the country would have a 16 per cent compound annual increase in gross gambling revenues over the next five years. Kenya follows with 12.5 per cent compound increase and South Africa slowest with five per cent. South Africa has by far the largest overall gambling market, however. Gross land-based casino gambling revenues totalled US$1.7bn in South Africa in 2012.
