Sports betting in terms of type acquired the highest revenue share in the Tanzania Gaming Market– 6Wresearch
In 2022, sports betting has acquired major revenue share in Tanzania gaming market as the people in the nation bet in the football and cricket league mostly. For instance, Qatar Fifa World Cup and Cricket World Cup has driven the market. Further the segment would grow during the forecast period, as continuous introduction of online sports betting would allow the users to bet in these sports 24*7 backed by the government initiatives to boost the internet penetration users to around 80% of the total population by 2025.
According to 6Wresearch, the Tanzania gaming market size is projected to grow at a CAGR of 10.6% during 2023–2029. The youth population is expected to reach from 22.9 in 2020 to 27.7 million in 2030 which would increase the market for gaming in the country as the youth population bet more money in casinos, and sporting events. In Tanzania, government has set a target to achieve 80% of internet access of the total population by 2025 with the construction of optical fiber upto 15,000 km under the national fiber grid initiative, as the building of the national fiber optic cable network is in line with the country’s vision to make Tanzania an online business hub in the African area as well as a leader in the digital economy. which would be a major driver for the growth of gaming industry especially for the online platform.
According to Ravi Bhandari, Research Head, 6Wresearch, land-based segment on the basis of channel type accounted for the largest revenue share in the Gaming Market in Tanzania in 2022 owing to the less access of internet to public in rural areas. The online channel is expected to rise for online casinos and betting sports due to the heavy advertising campaigns as well as advertisements at radio stations, bus stands, social media, and newspapers by government which is likely to attract the youth towards betting.
The Tanzania Gaming Market (2023-2029)” report provides an in-depth analysis with 13 figures and 7 tables, covered in 66 pages. The report on Tanzania Gaming Market comprehensively covers the industry by type, and channel type. The report provides a detailed as well as unbiased analysis of the on-going drivers, opportunities/high growth areas, and trends of the sector which are projected to support the stakeholders to align as well as devise their market strategies as per to the latest and future market dynamics.
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