Kenya Pays the big bucks in sports betting in Africa
This is per research done by Thomas Owuor a c level business developer in the gaming ecosystem in Kenya. Kenya has had more than 5 people who have won more than 2 million US dollars from betting with USD 2 or less in multi bets or jackpot bets in the last 5 – 7 years.
This is despite having the most expensive tax regime in sports betting in Africa (and possibly beyond). A mobile savvy customer base offered an efficient mobile based On-Demand customer experience for registrations, deposits, placing bets and withdrawals by betting operators in Kenya, have ensured Kenya’s robust sports betting industry that has led Africa in largest individual payouts.
Statistically, on his you tube channel Mr Owour further elaborates the payment differences between the three gaming powerhouses in Africa in the following Oder. This is from 2017 to date :
KENYA
Samuel Abisai $2,184,400
Gordon Ogada $2,242,881
Cosmas Korir $ 2, 092, 376
NIGERIA
$112, 282
SOUTH AFRICA
$538,000
Read Also: FSB Announces Partnership with Supersport Bet
Total winnings appear much smaller in both South Africa and Nigeria mostly because of the mobile money penetration factor. Nigeria is the largest economy in Africa by GDP, followed by South Africa.Kenya is towards the tail end of the top 10 economies in Africa. The power of mobile money in online sports betting in Kenya, as a test case, is therefore quite remarkable, as it also puts to shame the performance of the Capital Markets.
