Zambia is one of the nations leading the iGaming gaming and betting trends in the continent. The iGaming industry has seen steady expansion in recent years.
Due to the country’s competitive smartphone market, and internet accessibility, the acceptance of iGaming betting and gambling has grown among the country’s population.
In recent years, the Zambian regulatory board has implemented reforms that have made the market attractive to investors,
with over 40 new gaming licenses issued in the last year alone. The government objective is to use the gaming and betting industry to create jobs and support the government. It is also a source of tourism attractions, since Zambia is famed for its wildlife and natural beauty, making it a popular tourist destination in Africa. As stated before, the remarkable growth of the iGaming industry is due to the government’s recent investments in technology infrastructure to satisfy the expectations of a more mobile-friendly population. That’s too simple.
Internet penetration rose in Zambia, as it did in much of Africa. With the broad use of smartphones and Fintech penetration (mobile money service), the acceptability of iGaming betting and gambling growth in the nation has increased. In 2019, Alexa, an independent researcher, ranked two online gambling platforms in the top 20 most visited websites in Zambia, excluding users of mobile apps.
By the year ending of 2019, Global Digital yearbook shows that Zambia mobile internet user increased to a total of 6.92 million active mobile internet users,
translating to 39 percent of the country’s 17.87 million total population, further statistics from the 2018 National Survey and usa The surge in internet prevalence, smartphone ownership, and use makes gambling and betting more accessible than ever.
Smartphones are the new standard for Zambian gamblers. Thanks to the Fintech ecosystem that is changing the commercial world as we know it. The gaming industry has been slow to adopt this revolutionary technology. The State Lotteries Act, the Casino Act, and the Betting Act were enacted to control and allow lottery games and pools, the Casino Act was enacted to regulate proce
The 20 percent casino fee formerly charged on casinos, lotteries, betting and gaming was abolished in the National Budget. 20 % gross takings, 35 % gross takings, 35 % net revenues, 10 % gross takings. Thus, the Zambian iGaming and betting sector has grown in popularity, and many fans are full-time gamers. Gambling looks to be harmless entertainment for most.