Nigeria Has Caught The Sports Betting Fever

The Nigerian online newspaper,, reports that Nigerians spend up to 1.8 billion Naira ($11.1 million) per day wagering on a variety of sports. Nigeria, one of the biggest countries in Africa and home to one of the largest growing populations in the world, has a population of about 175 million people, which makes it into one of the biggest new markets in sports betting.

The investigation reports that men between the ages of 18 and 40 average about N3,000 ($18) per day, but the vast volume of bettors makes it into a very big industry in a country where half the country lives off less than $2 per day. 

The large group of unemployed youths in Nigeria seek out online betting, gambling and other forms of income in order to provide a living for themselves and families. While the report also states that many youngster end up in trouble due toe lending money a large group has also done quite well for themselves. 

The chief executive officer of the Lagos State Lottery urged the Federal Governement in a statement that they should create a more enabling enviroment for operators to increase the industry’s revenue and create jobs for youths.

Recent Posts

Wyoming passes House Bill 133, allowing online sports betting and becomes first state to allow cryptocurrency to fund accounts

This week, Wyoming passed a House Bill that would legalize online sports betting in the state and it joined a…

2 days ago

Media powerhouse David Levy appointed Chairman at Genius Sports

Genius Sports has appointed sports industry pioneer David Levy as its new Chairman. In his new role, Levy will lead…

3 weeks ago

Unibet offering Gamban self exclusion tool to its US players

In a press release this morning, Kindred Group announced that it has partnered with Gamban to offer Unibet’s US customers…

4 weeks ago

UK announces reopening of betting shops; BGC lobby to delay Grand National

With the UK government announcing their roadmap towards ending its restrictions by end of June gradual reopening of businesses. English betting…

2 months ago

Betway to enter US Market

Digital Gaming Corporation (DGC) and Betway have partnered up in an order to set their first steps together in the…

2 months ago

Is Flutter taking the lead in safer online gambling?

Just a fortnight after Flutter Chairman Ian Proctor openly discussed the importance of a proactive approach in player protection and…

2 months ago