Africa’s gaming sector is witnessing relatively fast expansion in the majority of the continent, with just four nations (out of 54 total) prohibiting gambling. A population boom is anticipated to quadruple the size of Europe by 2050, making it one of the most populous continents on the planet.
Sports Enthusiasm at an Extremely High Level
Despite the fact that an ever-increasing number of African punters between the ages of 17 and 35 are involved in some form of gambling on a daily basis, we could say that there are numerous reasons why the average young person in Africa thinks of nothing else other than placing bets on sports, which is an integral part of their everyday lives. For example, Nigeria, which is one of the most populous countries in Africa, while the city of Lagos has a population of over 21 million people, is a good example of how passionate they are about sports, particularly football. If you walk down the street on a Saturday morning, you’ll hear average youths discussing the upcoming football league matches across major European leagues-the vast majority of them are involved in some form of gambling, though, sport betting is not one of them. Passive betting is a form of entertainment and another legitimate source of income for Africans, and they have the opportunity to watch televised football matches while also earning money from the events. Africans’ passion for sports is undeniable, and it has become firmly ingrained in their culture and way of life.
The Effects of Unemployment on the Workplace
In the African area, there is no one factor that contributes to the young unemployment crisis. As a result of a number of interconnected issues, a situation that has risen to the top of the political priority list for the area has gotten even worse. Employment rates in Sub-Saharan Africa remain low despite the fact that the great majority of employable active adolescents are routinely subjected to underemployment and a lack of adequate working conditions in their communities. Approximately 38.1 percent of the anticipated total is attributed to poor working conditions and underpayment in Sub-Saharan Africa, with young people accounting for 23.5 percent.
In spite of the fact that unemployment rates in North Africa are quite high (23.8 percent, according to estimates in 2012), with a three percentage point increase between 2010 and 2011 and a steady rise since 2007, unemployment can arguably be considered to be at the heart of the North African spring uprising. According to the International Labor Organization’s (ILO) 2019 statistical report. Despite the fact that unemployment is one of the most significant obstacles that African adolescents face, the governments of African countries continue to address concerns such as unemployment, working conditions, and even the underpayment of those who are now employed. The reason for this is that jobless people would look for alternative sources of money, which is one of the reasons why sports betting is becoming more popular in Africa.
Population with a higher proportion of younger people.
The continent of Africa is the world’s leader in the number of persons between the ages of 15 and 24, with over 200 million young adults. Due to the fact that younger people utilize technology in greater proportions than any preceding generation, this represents a once-in-a-lifetime potential for the expansion of digital sports betting. Given that bets as tiny as $1 may result in a victory of $400, we can state that in this kind of environment, it’s simple to understand why the value and widespread use of mobile-based sports betting are so appealing to younger people.
Increases in Digital Literacy and Smartphone Adoption are on the rise.
Because of the move from paper ledgers and applications to digital ledgers and applications, the potential growth in economic activity and infrastructural development associated with sports betting will ensue. Another factor for the rapid growth of sports betting is the rising prevalence of mobile phones in the population. The use of smartphones is increasing at an extraordinary pace across Africa, which has never been witnessed previously in the continent. Currently, one-third of mobile phone consumers hold a smartphone, a number that is expected to increase in the next five years as a result of the inevitable rollout of a 5G network across Africa.
It is vital, however, that as sports betting legislation liberalize throughout Africa and millions of new players join this activity, that sports betting likewise become more safe and more egalitarian, in order to have a genuine and long-lasting influence on the continent. In addition, sports betting is not a new practice in the United States. Humans have placed bets on the results of games for as long as there have been sports. The ability to operate complex, dependable sport betting devices, as well as the ability to ensure that no books are stacked and that operations are conducted lawfully and fairly, is what is transforming sports betting into a whole new age. This technical fact, when paired with the positive demographic shifts that are happening in Africa, creates greater opportunities for sports betting to develop in popularity and economic growth even further throughout the continent.