Ethiopia is among the fastest growing economies in Africa. It comes in at eighth with a GDP of around $84,356 million as of 2018. It is the most populous landlocked country and boasts the second-largest population in Africa. Agriculture is the hub of the economy with coffee leading in exports.
On the downside, internet penetration has been rather slow. But in the last two to three years, it has started to pick up courtesy of affordable smartphones and also the expansion of the internet industry. With internet penetration at 15.4%, there is still much Ethiopia has to do to keep up with the rest of the world.
Gambling is legal in Ethiopia and is sanctioned by the government through the National Lottery Administration. The organization is tasked with issuing licenses and regulating the industry in general. Unfortunately, Ethiopia remains adamant about welcoming foreign operators, so the only casinos operating are local monopolies which are not so competitive.
Ethiopia has both land casinos as well as online casino operators. In the last year, there has been a huge surge in the number of betting shops compared to the casinos. But while sportsbetting is a growing market, there is still an insatiable appetite for online casino games, especially on the mobile platform.
While players are free to join and place bets on any international casino, they must ascertain the licensing of the particular casino. There are so many unlicensed casinos in operation and the worst thing is to do business with such. There are so many risks of playing in an unlicensed casino.
First, most of them will start becoming dodgy when it comes to paying winnings. The other risk is the lack of fairness. If they don't have a license, will their games really be fair? Last, is regarding the safety of players' data. Some casinos pretend to be offering gaming servicesvwhen they are just after the data.
For beginners, it's more prudent to start by playing with free money mobile casinos. Some casinos offer free money though strict wagering requirements bind such offers. At least this way, newbies can learn the ropes without losing money. Once players master the art, they can switch to real money.
While playing with real money attracts real winnings, it is important to play responsibly. Mobile casino gaming is more addictive as anyone can play anywhere, and there are also fast mobile money payments. Always set a budget for gambling and remember gambling can't be a substitute for work – it should be purely leisure.
Ethiopia is not so much into gambling like its other African counterparts, but the industry is witnessing a slow and steady growth. More and more local companies are setting up shop in the country to cater for the huge population with an insatiable appetite for sportsbetting. Online casinos are also picking up.
While gambling shops are the ones taking over, there is also a growing demand for online casino games, especially on mobile platforms. The entry of budget Smartphone brands in Ethiopia means that players can access these games with a lot of ease. The only hindrance is the low internet penetration which is at 15.4%.