• Football Predictions
  • Casino
  • Health
  • Travel
  • Crypto
  • News

The Statistics Of Gambling In Nigeria

54.6KShares
728.4KViews

Gambling in Nigeria has been around since the beginning of time. About $ 50 billion more than Nigeria's GDP, and it will grow by $200 billion in the next seven years. If you said that gambling is a popular thing to do, that would be an understatement.

Due to outdated laws, the gaming markets in Africa looked very small compared to those on other continents. Online gambling is a big part of the business, but because African countries have only 18 percent internet access, they aren't keeping up with the rest of the world. In the last few years, however, a lot of progress has been made, and Nigeria is now one of the few countries where people can bet on sports at both foreign and local businesses.

Due to its strong land-based industry, South Africa is now the continent's leader. The 30 million square kilometer stretch has more land-based businesses than any other on Earth, and they outshine the rest. A fight for the top spot will happen soon. Nigeria is in second place.

Gender And Age For Those Who Play

Between the ages of 18 and 40, most Nigerians who like to bet on sports or casino games are men who like to do it. They also bet every day (53%). People who are between the ages of 18 and 35 are the most likely to play. People over 60 are the least likely to bet. In the NOIPolls survey, people who took part said that the main reason they invested was to make money. People who work in sports say that most bets are between $ 5 and $ 25.

COPYRIGHT_TNB: Published on https://www.thenigerianblogger.com/gambling-in-nigera/ by Abeo Bunkechukwu on 2022-04-13T02:39:12.495Z

A 2014 study in the International Journal of Mental Health and Addiction looked at 189 Lagos residents who were between the ages of 18 and 32. On average, they were 25 years old, and the majority of them said they had a strong desire to gamble. More than half said they bet three or more times a week.

Gambling can have a negative effect on the well-being of young people in Nigeria, a study by Mustapha and Enilolobo in 2019 found. Even though Nigerian men are more likely to gamble than women, female money participation has been increasing over time, especially when it comes to online betting. 10.3% of Nigerians who play on the internet are women, according to the study. However, their participation in the games is slowly increasing each year.

Online Casinos

Gambling market intelligence and consulting firm H2 Gambling Capital said that the African online gambling market was worth four million dollars in 2019 and could be worth more than that. They also said that the African iGaming market is likely to grow over the next four years, and by 2024, it should be worth more than two billion dollars a year. BtoBet thinks that Nigeria will be at the forefront of this new digital world. Kenya, Uganda, and Ghana will do the same thing, as will everyone else. Nigeria and Kenya stand out from the rest because they have more mobile subscriptions and people who use the internet. It was 42 percent in 2020 that Nigerians had access to the web.

Most of the money made by online casinos around the world comes from real money slot machines. Most of the time, the percentage ranges from 70% to 80%, but it can vary from platform to platform. In Nigeria, playing online casino games has taken a back seat to betting on sports. In Nigeria, spinning digital reels and playing virtual card games is not as popular as betting on sports. People who play online games in their area can get access to these games. But if you look at the casino sections of Nairabet and other sites like it, you can see that the slot machine selection is very limited, and the table game selection is also very limited.

Top suppliers don't send their games to the few Nigerian casinos that have them. So, Nigerians who like to play slot machines, blackjack, or baccarat against software or a live dealer on foreign sites like 888 and JackpotCity Casino prefer to play these games on these foreign sites instead. These platforms have a lot more games and are better at them than the ones in your area. Nigerians can play in countries that aren't their own without fear of legal consequences.

Sports Betting

Nigerians are big fans of sports, and they love football the most. A recent survey said that more than 70% of men in the country are obsessed with it, and that the majority of people who gamble on football games do so because they think it is fun (over 70 percent ). Analysts say that most people who bet on sports in Nigeria don't like to bet on their football league because they think it's too predictable. Most operators' odds show that. Thus, they prefer to bet on games from top European leagues, like the English Premiership and the Spanish La Liga.

People in Nigeria still go to betting parlors instead of betting on the internet. However, because there are 169 million mobile phone users and 100 million internet users in the country, the tide should soon turn. The online world should start to take over.

Sports betting in Nigeria, Kenya, and South Africa could be worth close to $40 billion, according to a report from 2018 on the market. There are more than a few betting businesses in Nigeria. It's not just Naijabet and Bet9ja that are well-known. There are many more that people don't even know about. They include Skybettnaija and Naijadollarbet and Visabet. If you live in Nigeria, Bet9ja is the best site in the country, and it makes about $10 million a month. However, just like with online casinos, residents prefer to bet at offshore sites because of the better service these foreign sites offer. They like 888 Sports and Betway the best. The first sponsors are Cardiff City FC and Birmingham City. The second sponsors are West Ham United and Levante UD. The average Nigerian bets about $8 a day on sports.

Lottery

The National Lottery Act of 2005 set up the National Lottery Regulatory Commission, which is in charge of lotto draw activities in Nigeria. Over 1,600 people work for the company in the city of Abuja. There were about 7.5 million Nigerians who like to play the lottery in 2016. The National Commission said that the profits from the promotion lottery could be about $150 million. This is what they said. They also thought that the SMS lottery could make about $380 million in profit. That's why the industry hasn't been able to meet these goals.

In the last few years, a lot of lottery companies have been able to work in Nigeria, like Western Lotto. Many of these companies are trying to add pari-mutuel gaming to the market and make the market more interesting. Residents can play online lotto games like The Lotter, Lottoland, Jackpot.com, and Lottomania.

Summing Up

It's almost certain that the land-based gambling business will die out in the next decade, as more and more people bet on their phones and on websites. Nigeria is now the second-largest gambling market in Africa. In terms of economic power, Nigeria has more than any other country on the continent. Soon, it will overtake South Africa and become the gambling capital of the region. Sports betting is the most popular way to bet in Nigeria, but casino games are becoming more popular as more and more people try high-quality slots on foreign websites. Online gambling is becoming more legal in Nigeria, and specific online gambling laws have been passed. This means that the Nigerian gambling industry is going to grow.

Share: Twitter | Facebook | Linkedin

About The Authors

Abeo Bunkechukwu

Abeo Bunkechukwu - Up to date with all important news, Abeo Bunkechukwu a nutritionist, traveling expert, and professional gambler will offer you the best tips and strategies in these fields, and even more.

Recent Articles

  • How To Win A Bet - Beating The Odds

    Football Predictions

    How To Win A Bet - Beating The Odds

    Betting can be a thrilling and potentially lucrative activity, but how to win a bet consistently can also be challenging. While luck is always a factor, there are strategies you can use to improve your chances of beating the odds and winning your bets.

  • Counting Has Begun In Nigeria's 2023 Governor Elections, Which Have Been Rocked By Violence

    News

    Counting Has Begun In Nigeria's 2023 Governor Elections, Which Have Been Rocked By Violence

    Counting has begun in Nigeria's 2023 governor elections, which have been rocked by violence. Ethiopian Prime Minister Abiy Ahmed has announced the launch of a military operation against rebels in the Tigray region, in the north of the country.

  • Best Prediction App - Take Your Football Betting To The Next Level

    Football Predictions

    Best Prediction App - Take Your Football Betting To The Next Level

    Football betting can be both fun and profitable, but it can also be a risky endeavor. To make informed betting decisions, you need access to accurate and reliable predictions. That's where the best prediction app can come in handy.

  • How To Win A Bet Every Time - The Proven Strategy For Winning Football

    Football Predictions

    How To Win A Bet Every Time - The Proven Strategy For Winning Football

    Football betting is a popular pastime for many sports enthusiasts around the world, and while how to win a bet every time can be a fun and potentially lucrative activity, it can also be challenging to consistently win bets.

  • Maximizing Your Returns With A Solid Single Bet Strategy

    Football Predictions

    Maximizing Your Returns With A Solid Single Bet Strategy

    Single bet strategy is a popular strategy in sports betting, where a bettor places a bet on one outcome rather than multiple outcomes. While single betting can offer high potential returns, it's also a high-risk strategy as your entire bet is riding on the success of that one outcome.

  • Xnxubd 2023 Nvidia New - Maximize Your Graphics

    News

    Xnxubd 2023 Nvidia New - Maximize Your Graphics

    You may download, install, and manage your drivers with the help of a program named WWW Xnxubd 2023 Nvidia New Drivers. You can use it to manage your hardware and operating system more quickly and to stop your computer from malfunctioning due to outdated drivers. Continue reading to learn more about your XnXubd 2023 Nvidia updated drivers.

  • How To Win Bet - The Ultimate Guide To Betting

    Football Predictions

    How To Win Bet - The Ultimate Guide To Betting

    Betting can be an exciting way to potentially earn some extra cash, but it can also be a risky venture if you don't know what you're doing. How to win bet requires a combination of luck, knowledge, and strategy.

  • How To Make Money Betting - The Secret To Smart Football Betting While Enjoying The Game

    Football Predictions

    How To Make Money Betting - The Secret To Smart Football Betting While Enjoying The Game

    Football is one of the most popular sports in the world, and it's no surprise that it is also a popular sport for betting. Whether you're a seasoned bettor or just getting started, how to make money betting requires a combination of skill, knowledge, and strategy.

  • Soccer Platform Predictions - The Future Of Football Betting

    Football Predictions

    Soccer Platform Predictions - The Future Of Football Betting

    Soccer platform predictions have revolutionized the way we approach football betting, bringing data-driven and analytical approaches to the forefront of the industry. As the world of football continues to evolve and grow, so too do the tools and resources available for predicting the outcome of matches.

  • Winning Bet - Advanced Tips And Techniques For Maximum Profitability

  • Tinubu Wins Nigerian Presidency - Opposition Pledges Challenge

  • Football Prediction Machine - A New Era Of Football Betting

  • Nigeria 2023 Election - Early Results Of Election Begin To Arrive

  • How Nigerian Architecture Evolved