Lesotho iGaming Market: In-Depth Research Report Released
Lesotho is experiencing significant changes in its iGaming landscape. While the country has a rich history of regulated land-based gambling, online gaming remains largely unregulated. Current laws include the Lotteries and Betting Act of 1984 and the Casino Order of 1989, but efforts are now underway to cultivate a responsible iGaming sector.
Lesotho iGaming Market Overview
The iGaming sector in Lesotho is gradually expanding. Despite the market’s current limitations, forecasts for the 2024/25 fiscal year suggest that gaming levy collections may reach approximately M16.40 million. Additionally, revenue from gaming equipment is expected to hit around US$807,000 by 2025, highlighting a positive trend.
Market Indicators
- Estimated Market Revenue (2024/25): M16.40 million
- Gaming Equipment Revenue (2025): US$807,000
- Estimated Players: Tens of thousands (legal age 18+)
- Internet Penetration (2025): 29.8%
- Mobile Phone Ownership: 78.7%
- Number of Licensed Casinos: 1 (AVANI Lesotho Hotel & Casino)
Popular Gambling Activities
The AVANI Lesotho Hotel and Casino, located in Maseru, is the only licensed venue. It features various games including poker, blackjack, and slots, with sports betting, especially on football and horse racing, being particularly favored due to cultural relevance. However, the unregulated online gambling environment poses challenges and opportunities for growth.
Regulatory Landscape
Lesotho’s gambling regulations are encapsulated in the Lotteries and Betting Act and the Casino Order. While these regulations effectively govern land-based gambling, there is currently no formal framework for online gambling. This creates a gap, leading players to engage with unregulated international gambling sites.
Future Regulatory Developments
In 2025, a significant step was taken when the Gambling Authority of Botswana and the Lesotho Casino Board signed a Memorandum of Understanding. This agreement aims to strengthen licensing, compliance, and responsible gambling initiatives between the two countries. As internet access and mobile device use grow, comprehensive regulations for online gambling may soon be introduced.
Market Challenges and Opportunities
Opportunities
- Growth potential in mobile and online markets.
- Increased internet access to reach underserved demographics.
- Collaboration opportunities with local regulators to establish responsible gambling standards.
Challenges
- Limited market size and inadequate internet coverage.
- Competition from unregulated offshore operators.
- Regulatory uncertainties may deter potential investors.
Conclusion
Lesotho’s iGaming market is reaching a crucial juncture. Balancing established land-based operations with the potential for online growth will be essential. Stakeholders must remain vigilant regarding regulatory changes that could transform this developing market. Adopting mobile-first strategies and fostering partnerships will be vital for operators to adeptly navigate this dynamic landscape.
