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Special mention for Botswana as Betway rakes P9bn in Africa

Global wave: Online sports betting is raging across the world, particularly in Africa where a young population and widespread mobile phone access are driving up addiction levels 
PIC: ARTIFICIAL INTELLIGENCE BY MICROSOFT BING
Global wave: Online sports betting is raging across the world, particularly in Africa where a young population and widespread mobile phone access are driving up addiction levels PIC: ARTIFICIAL INTELLIGENCE BY MICROSOFT BING

Super Group, the holding company of betting giant, Betway, made revenues of $646 million (P8.7 billion) between just January and September in Africa, with executives particularly noting the exceptional performance of Botswana since the launch of services in February.

The numbers confirm the wild take-off of online sports betting since the licencing of several operators by the Gambling Authority earlier this year. The numbers equally confirm the revenue windfall available to gambling companies that have identified Africa as the new global frontier for growth.

In results published on Tuesday, Betway noted that Africa accounted for 64% of its total revenues of $1,014 billion for the first nine months of the year.

Editor's Comment
Our digital safety is in our hands

That sounds like good news. But the report also warns that this may simply be because our digital economy is still young, not because we are safe. As more people shop, bank and pay online, criminals will follow.We Batswana do not need a report to tell us that danger is real. Many of us have heard of or fallen victim to KYC scams. A caller impersonates your bank or mobile money provider. They say they need to “verify” your account. They ask...

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