Nigeria is certainly not shy when it comes to placing bets and gambling in general. Every day, over $20 million change hands in one form of gambling or another. If there weren’t promotions on betting sites, like the Bet Bonus Code, which features the welcome offer and a large number of payment options, the amount of money invested daily into this pastime would probably be even greater.
In fact, the appetite for the games of chance and sports has been steadily increasing to a degree that is above the world’s average. So, here’s what you need to know about betting markets in Nigeria.
Sports betting has become an integral part of Nigeria’s culture. Soccer is the most popular sport to bet on. Besides following and supporting the local teams, the bettors eagerly follow any and all soccer events in Europe and the world. While soccer is the most lucrative of the ports available to Nigerians, others are not to be neglected.
Nigeria has the British to thank for this hobby, as they were the ones to bring it to the country in the 1920s. While Nigerians were happy to place bets in betting houses, mobile gaming has revolutionized gambling in the country, allowing players to explore the odds that are the best for them. There are very few people who have not placed a bet at one time or another in their lives.
While it is possible to interview and collect data from various betting sites and apps, getting the exact figures about the number of people and the amounts of money is a challenge. Why? There are several reasons for this, including the discrepancy between the reports and the fact that there is a lot of illegal gambling as well.
It is very likely, though, that most of the bettors are young people that have the option of visiting any and all of Nigeria’s 50 betting sites. They are the target audience, mostly because of the mobile betting.
Nigeria is a few steps ahead of other African nations, as it has the most payment options. These include Visa and MasterCard, as well as Interswitch. Many betting sites offer their operators and clients even more payment options through their deals and contracts with third parties. Payment-wise, Nigeria is versatile.
Nigeria is probably going to get a few revisions in the upcoming future since it is very difficult to properly follow and regulate betting. Domestic operators are often in a pickle, especially with the proper taxation and promoting responsible gaming.
That being said, the market is growing and will likely continue to do so, with expert predicting that Nigeria will surpass South Africa and Kenya in the betting industry. The number of people and the amount of money have nearly doubled since 2014, and, as more and more people have access to the internet and mobile technology, it is safe to say that this Nigeria is a good place to do some serious business.