Gambling in Nigeria has evolved significantly from conventional swimming pool staking and Baba Ijebu to a growing sports betting industry. With increased web gain access to came virtual betting procedures, leading to N600 billion market worth.
Nigeria's sports betting sector has actually thrived in spite of economic difficulties like inflation. The industry attracts millions, especially amongst the younger group facing increased joblessness rates. Reports reveal that about 60 million Nigerians aged 18-40 actively take part in sports betting.
The marketplace
"With 60 million Nigerians actively participating in gambling daily, the nation's betting market has actually become a powerhouse, contributing an incredible N600 billion to the economy. This fast development highlights the extensive popularity of sports betting and other types of online gambling in Nigeria, positioning the country as a key player in Africa's gaming market", notes Online-casinos.