Overall, the Online Sports Betting market in Africa is poised for substantial growth, with increasing revenue, user base, and user engagement.This indicates a significant level of user engagement and interest in online sports betting activities in Canada.Furthermore, in Canada holds the distinction of having the highest projected user penetration rate of 42.1% in the Online Sports Betting market.This showcases the lucrative nature of the market in Australia.When compared globally, it is worth noting that in Australia is expected to generate the highest revenue in the Online Sports Betting market, reaching US$8,827.00m in 2023.The average revenue per user (ARPU) is estimated to be US$239.10, indicating the potential profitability of each user in the Online Sports Betting market in AfriThis metric demonstrates the value that each user brings to the market.Additionally, user penetration is projected to rise from 0.2% in 2023 to 0.3% by 2028, reflecting the growing interest and engagement of individuals in online sports betting activities.

This indicates a substantial increase in user participation in the Online Sports Betting market in Africa over the coming years.

In terms of user base, the number of users is expected to reach 4.0m users by 2028.

This growth trajectory suggests a positive trend for the Online Sports Betting market in Africa.

Moreover, a steady annual growth rate of 7.96% (CAGR 2023-2028) is expected, resulting in a projected market volume of US$1.10bn by 2028.

This projection indicates a promising future for the market in the region.

The Online Sports Betting market in Africa is anticipated to witness a significant growth in revenue, projected to reach US$0.75bn by 2023.

Sports betting industry africa data