Africa’s leading gambling B2B event, ICE Africa, wrapped its 2020 event recently on a high note after moving to an online platform due to the global pandemic.
This year’s event mainly focused on the online element of gambling across Africa and produced a number of key insights around the current explosive growth in online gaming, as well as the predicted future growth in igaming across the continent.
Among the key highlights from the event is the current status of Africa as a key growth market and the predicted explosion in online, sportsbetting and mobile gaming in Africa, estimated to double from its $1.5bn of sportsbetting gross win in 2020 (30 per cent of which takes place online and 45 per cent of which is on mobile devices).
Ed Birkin of H2 Gaming Capital estimates that in as little as five years, given the growth in mobile connectivity across Africa, this figure will almost double to betting gross win of $2.9bn (37 per cent of which will take place online and 60 per cent coming from mobile devices).
This is set against the key statistic that, overall, Africa’s gambling gross win grew at a compound rate of over eight per cent per year between 2013 and 2019 - almost four times that of the global gambling market.
