Top 5 Nations with Fastest-Growing iGaming Industry in 2024
Some gambling markets have shown impressive growth in 2024, according to the analysis of Blask, the company dealing with data infrastructure and analytics for the iGaming industry. See the leaders in the continuation of the news.
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It’s time to find out which nations saw the biggest growth in the iGaming industry in 2024 and where the next big investment possibilities are as 2025 has begun. After conducting a thorough analysis, the Blask team, whose primary task is to deliver data infrastructure and analytics for the gambling industry, has presented the results.
Who’s iGaming Industry Grew Most, According to Findings?
Blask used its unique criteria to analyze data from 38 nations in order to identify the best performers. The Blask Index (similar to stock market indexes like the Nasdaq or Dow Jones, but specifically designed for online gambling and betting industries; it’s an AI-driven iGaming analytics tool for in-depth market insights and player profiling) served as the study’s primary measure of year-over-year (YoY) growth (it quantifies how quickly metric changes across two similar time periods).
Let’s examine the factors that contributed to this expansion and the unique developments of each market in 2024.
The top five nations with the fastest growth of iGaming rates are
# 1 Rwanda
- Blask Index 2023: 22M
- Blask Index 2024: 51M
- YoY Growth: +131.62%
betPawa dominates the Rwandan iGaming sector, with a whopping 92.65% market share and a YoY growth of +206%. Other brands lag far behind.
The Rwanda Development Board (RDB) took over management of the country’s gaming industry in June 2024, and new rules were put in place to guarantee players’ safety. The nation is working hard to build digital infrastructure, including support for digital currencies and a centralized electronic monitoring system.
# 2 Malawi
- Blask Index 2023: 32M
- Blask Index 2024: 68M
- YoY Growth: +115.86%
betPawa (53.49% and +243% YoY growth) and Betway (29.55%, astounding +602% YoY growth) are the two main brands driving the market, which is characterized by a slightly more competitive environment.
More effective regulation was made possible by the 2022 merger of the Malawi Gaming Board and National Lotteries Board into MAGLA (Malawi Gaming and Lotteries Authority). While mobile payments made it easier to access online gaming, the nation also implemented a monitoring system in 2024 to enhance operator oversight.
# 3 DR Congo
- Blask Index 2023: 98M
- Blask Index 2024: 184M
- YoY Growth: +87.68%
With a 57.82% market share and a +177% YoY growth, Winner Bet is in the front.
The DR Congo gaming business is still in its infancy and is governed by the Ministry of Finance and the National Lottery, SONAL. The establishment of a specialized regulator by the government should aid in market organization.
# 4 Togo
- Blask Index 2023: 931K
- Blask Index 2024: 1.7M
- YoY Growth: +83.21%
With a 53.21% market share and +90% YoY growth, 1xBet, one of the top bookmakers online in the world that even takes wagers on amateur sports events, is the market leader. With a robust +192% YoY rise, Premier Bet comes in second with 26.43% of the market. The other operators’ share is expressed in single digits.
Both domestic and foreign operators are licensed under Togo’s open regulatory framework for gaming enterprises. The administration is thinking about revising laws in 2024, emphasizing digital governance, and drawing in international capital.
# 5 Philippines
- Blask Index 2023: 101M
- Blask Index 2024: 183M
- YoY Growth: +80.09%
A balanced distribution of operator shares is a defining feature of the market. With 18.69% and a remarkable +183% YoY growth, PHDream is in the lead. Ph365 comes in second with 12.44% and a significant YoY rise of +286%. With a 10.35% market share and +317% YoY growth, Casino Plus exhibits outstanding performance.
In 2024, the Philippines’ economy grew thanks to better fiscal data, which increased demand for online gaming. The iGaming industry grew as a result of the closure of all remaining POGOs (Philippine Offshore Gaming Operators), which made space for legitimate online platforms. The market is becoming more and more appealing for new collaborations and investments.
