Sports Betting in Africa: A Major Contributing Factor to Poverty among Youths in Africa
Photo Credit: iStock Images One of the major decaying factors contributing to the poverty levels among young people in Africa is sports betting and gambling. Sub-Saharan Africa is the largest gambling market in Africa, with South Africa leading the way. The country has a well-established gambling industry, with land-based casinos, sports betting shops, and online gambling sites. Other countries in the region, such as Nigeria, Kenya, and Ghana, are also experiencing significant growth in their gambling markets. The overall gambling market including sports betting, online lottery and online casinos in Africa has generated a revenue of 1.62 billion USD with a projected growth of over 8% per year, making it one of the fastest-growing online industries on the continent with a growing number of over 27.5million subscribers. In Ghana, the total number of local lottery subscribers is over 6million out of the total population of estimated 34million people. The latest b...