Sports betting is booming in markets across Africa. Aside from traditional sports, young, tech-savvy African players are increasingly turning to virtual sports, attracted by limitless betting opportunities. Keep reading to learn more about the rise of virtual sports in Africa.
Driven by advances in technology and a growing population with a passion for sports — particularly football — the African market is experiencing a betting boom. But in addition to traditional sports betting, African players are becoming fans of virtual sports.
After an extended dispute over taxes, Kenyan authorities recently lowered the betting stakes tax to 7.5% to lure sportsbook operators back to the country.
An estimated 60% of Nigeria’s 200+ million citizens participate in some form of betting.
South Africa accounts for nearly 50% of the continent’s total gaming revenue.
During the pandemic, the Gaming Commission of Ghana allowed licensees to offer online sports betting products.
The government of Tanzania legalized virtual sports in early 2021.
What are virtual sports?
Virtual sports are software-generated simulations of sports events. The events are shorter than live sports ones, usually only 90 seconds to a few minutes long, and represented with highly detailed graphics reminiscent of top-quality video games. Developers use CGI (Computer-Generated Imagery) technology to render the action in exquisite detail. Nonethless, what is beneath the surface is just as stunning. Both realistic graphics and realistic odds define the best virtual products.
Virtual sports are seemingly no different from a slot machine, as they are based on an RNG. However, there is a fundamental difference: the RNG creates a whole range of outcomes, and players are offered realistic odds to evaluate as they make their bets.