{"id":338,"date":"2019-09-24T00:00:00","date_gmt":"2019-09-24T00:00:00","guid":{"rendered":"https:\/\/gbc.ng\/african-igaming-gross-win-to-hit-usd-2-b-in-2024\/"},"modified":"2019-09-24T00:00:00","modified_gmt":"2019-09-24T00:00:00","slug":"african-igaming-gross-win-to-hit-usd-2-b-in-2024","status":"publish","type":"post","link":"https:\/\/gbc.ng\/index.php\/african-igaming-gross-win-to-hit-usd-2-b-in-2024\/","title":{"rendered":"AFRICAN IGAMING GROSS WIN TO HIT USD 2 B IN 2024"},"content":{"rendered":"<p>A<strong>frica iGaming Dashboard<\/strong>, prepared ahead of\u00a0<strong>iGB Affiliate Africa<\/strong>\u00a0in October, follows the evolution of the African igaming sector from 2012 with projections up to 2024.<\/p>\n<p><strong>H2,<\/strong><strong>\u00a0<\/strong>a gambling industry\u2019s consulting, market intelligence and data company, predicts that\u00a0<strong>African igaming gross win will more than double in the next five years<\/strong>, rising from US$996.2m (\u00a3812.2m) this year to $2bn in 2024.<\/p>\n<p>Due in part to poor internet connectivity, African gaming generally remains\u00a0<strong>heavily retail dominated<\/strong>, however, H2 predicts that igaming as a percentage of African GGR will rise from 18% this year to\u00a0<strong>24.4% by 2024.<\/strong><\/p>\n<p>After several years of rapid growth, mobile\u2019s percentage of this looks set to remain relatively flat at about 63% over the next five years. It\u2019s worth pointing out that this percentage was just 14.4% in 2012.<\/p>\n<p>With countries in Africa \u2013 particularly the biggest gaming markets \u2013 increasingly moving to regulate online gambling, the white market percentage of igaming is set to increase f<strong>rom 83.6% this year to 89.2% by 2024.<\/strong><\/p>\n<p>Across both igaming and land-based gaming, casino is the most popular product in Africa, accounting\u00a0<strong>for 41.9% of gross win this year.<\/strong><\/p>\n<p><strong>Betting is the second most popular vertical on the continent<\/strong>, capturing 35.8% of the market. While land-based betting currently accounts for the highest share of the sports betting total, the estimates show that by 2024 the percentage of revenues coming from online will be almost equal at 47.9%.<\/p>\n<p>Interestingly, however, the percentage of online sports betting GGR coming from mobile seems to have peaked over the past year or so, and H2 predicts this will tail off by a few percentage points over the coming years.<\/p>\n<p>Similarly, the white market percentage of online sports betting revenues will rise only a few percentage points further by 2024.<\/p>\n<p>H2 Gambling Capital is the gambling industry\u2019s leading consulting, market intelligence and data team. The company has a track record of nearly 15 years focused on the global gambling industry, its projections have been influential in shaping legislators\u2019 and investors\u2019 views of the gambling sector across the globe.<\/p>\n<p class=\"author__bio\" itemprop=\"description\">\n<p class=\"comment-form-comment\"><label class=\"show-on-ie8\" for=\"comment\">Comment<\/label><br \/>\n<textarea aria-required=\"true\" cols=\"45\" id=\"comment\" name=\"comment\" placeholder=\"Message\" rows=\"8\"><\/textarea><\/p>\n<p class=\"comment-form-author\"><label class=\"show-on-ie8\" for=\"author\">Name<\/label><input aria-required=\"true\" id=\"author\" name=\"author\" placeholder=\"Name...\" size=\"30\" type=\"text\" value=\"\"\/><\/p>\n<p class=\"comment-form-email\"><label class=\"show-on-ie8\" for=\"name\">Email<\/label><input aria-required=\"true\" id=\"email\" name=\"email\" placeholder=\"Email...\" size=\"30\" type=\"text\" value=\"\"\/><\/p>\n<p class=\"comment-form-url\"><label class=\"show-on-ie8\" for=\"url\">Url<\/label><input id=\"url\" name=\"url\" placeholder=\"Website...\" size=\"30\" type=\"text\" value=\"\"\/><\/p>\n<p class=\"comment-form-cookies-consent\"><input id=\"wp-comment-cookies-consent\" name=\"wp-comment-cookies-consent\" type=\"checkbox\" value=\"yes\"\/><label for=\"wp-comment-cookies-consent\">Save my name, email, and website in this browser for the next time I comment.<\/label><\/p>\n<p class=\"form-submit\"><input class=\"submit\" id=\"comment-submit\" name=\"submit\" type=\"submit\" value=\"Send\"\/> <input id=\"comment_post_ID\" name=\"comment_post_ID\" type=\"hidden\" value=\"7541\"\/> <input id=\"comment_parent\" name=\"comment_parent\" type=\"hidden\" value=\"0\"\/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Africa iGaming Dashboard, prepared ahead of\u00a0iGB Affiliate Africa\u00a0in October, follows the evolution of the African igaming sector from 2012 with projections up to 2024. H2,\u00a0a gambling industry\u2019s consulting, market intelligence and data company, predicts that\u00a0African igaming gross win will more&#8230;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4,10],"tags":[],"class_list":["post-338","post","type-post","status-publish","format-standard","hentry","category-africa","category-i-gaming"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.8.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>AFRICAN IGAMING GROSS WIN TO HIT USD 2 B IN 2024 - GBC<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/gbc.ng\/index.php\/african-igaming-gross-win-to-hit-usd-2-b-in-2024\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"AFRICAN IGAMING GROSS WIN TO HIT USD 2 B IN 2024 - GBC\" \/>\n<meta property=\"og:description\" content=\"Africa iGaming Dashboard, prepared ahead of\u00a0iGB Affiliate Africa\u00a0in October, follows the evolution of the African igaming sector from 2012 with projections up to 2024. 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