Gambling in Nigeria has progressed considerably from standard swimming pool staking and Baba Ijebu to a thriving sports betting industry. With increased web gain access to came virtual betting procedures, resulting in N600 billion market worth.
Nigeria's sports betting sector has actually thrived regardless of financial difficulties like inflation. The market attracts millions, especially amongst the vibrant group dealing with increased unemployment rates. Reports show that about 60 million Nigerians aged 18-40 actively engage in sports betting.
The marketplace
"With 60 million Nigerians actively participating in gambling daily, the country's wagering market has become a powerhouse, contributing a shocking N600...
Gambling in Nigeria has progressed considerably from standard swimming pool staking and Baba Ijebu to a thriving sports betting industry. With increased web gain access to came virtual betting procedures, resulting in N600 billion market worth.
Nigeria's sports betting sector has actually thrived regardless of financial difficulties like inflation. The market attracts millions, especially amongst the vibrant group dealing with increased unemployment rates. Reports show that about 60 million Nigerians aged 18-40 actively engage in sports betting.
The marketplace
"With 60 million Nigerians actively participating in gambling daily, the country's wagering market has become a powerhouse, contributing a shocking N600 billion to the economy. This rapid development highlights the prevalent popularity of sports betting and other types of online gambling in Nigeria, placing the country as a key player in Africa's video gaming market", notes Online-casinos.
