Sports Betting Numbers in Nigeria – Know the Figures

Nigeria is one of the biggest countries in Africa and its people are some of the biggest sports gamblers on the continent. Many other nations enjoy casinos and free online slots but Nigerians are mostly all about sports betting. In fact, you will probably be quite surprised at how much they spend betting on sports. Below we are going to take a much closer look at the sports betting numbers in Nigeria.

Nigeria and Sports Betting

According to statistics, Nigerians spend up to 10 billion Naira ($50 million) each day betting on sports, and this is a figure that is increasing with each passing year. This is despite the fact that the economic growth of Nigeria has be dwindling over the last three to four years.

In Nigeria, it is safe to say that sports betting is something that is just as popular as the national sports such as football. There are 36 different states in Nigeria and sports betting is legal in every single one of them. At the time of writing, it is estimated that about 60 million Nigerians bet regularly, which is about 30% of the whole population. If you want to join the millions of gamblers in Nigeria I recommend this site www.sport-betting.ng.

Football is the Most Popular Sport to Bet On

Nigerians love a range of different sports, but the one that they enjoy watching and betting on the most is football, there is no doubt about this. Fans are more than happy to watch and bet on games from local leagues or from some of the best leagues in the world such as the English Premier League, La Liga, Bundesliga, Serie A, and Ligue 1. Of course, they also love watching huge competitions such as the World Cup, UEFA Nations League, and the European Championship.

Sports betting in Nigeria is something that is more accessible now due to the fact that many more people now have a mobile device that can connect to the Internet. It is estimated that around half of the population own a mobile phone, so that is half of the population that can follow football all over the world and place bets on whatever they feel like. Thanks to the Internet, Nigerians are now able to place sports bets from the comfort of their own homes or from wherever they happen to be. You can find more information on the best sports betting sites in Nigeria by visiting https://www.vanguardngr.com/2023/04/best-betting-sites-in-nigeria-for-2023/.

Football betting is something that is becoming more widespread and more frequent. One study that took a look at Nigerian youths betting on football found that the majority of punters placed bets each day instead of three to four times a week, with the average wager being set at 100-500 Naira. The study also found that punters were still betting even when they did not have any spare money. In another study that focused on Lagos, it was revealed the more than half of the participants were repetitive gamblers, placing at least three bets a week. As a matter of fact, only one out of every five people who responded to the survey declared that they have not placed a bet that whole week.

What Other Sports Are Popular in Nigeria?

As we mentioned above, football is the most popular sport in Nigeria. However, it is not the only type of sport that Nigerians love to bet on. It is safe to say that Nigerians are huge fans of sports such as basketball and tennis. Along with these, they are also partial to sports such as baseball and ice hockey. In other words, if there happens to be no football to bet on, Nigerians will have no issues finding another sporting event to get their fix.

Other Types of Gambling in Nigeria

Betting on sports is not the only type of gambling that is legalized in Nigeria, although it is the most popular. Nigerians can play lottery games and some casino games, but games such as roulette are strictly prohibited. Why is this? Well, the Nigerian government considers games such as roulette to be a complete game of chance where no skill is required, and games of luck are banned throughout the country.

There are three brick and mortar casinos throughout the country, and these are the Le Meridien Eko Hotel & Casino, the Nicon Hilton, and the Sun International Federal Palace Hotel and Casino. Our favourite one is the Federal Palace by far which is found by the promenade in Lagos, this place is truly paradise, here we will link to their site to find out for yourself https://www.suninternational.com/federal-palace/. This is in stark contrast to the number of online casinos that have been popping up in the country over the last couple of years.

Nigerians have more than their fair share of legalized gambling options and, just like throughout the rest of the globe, there has been a huge explosion in the number of online gambling providers so the Nigerians can get their betting fix. Combine this with the growing mobile and Internet usage and their passion for sports, it is little wonder why sports gambling is exploding in Nigeria. We will have to wait and see what effect this has on the Nigerian populous, however, it is safe to assume that more online betting sites will pop up and the amount that Nigerians spend on sports betting each year will only increase - unless, of course, the overseeing bodies try to put a lid on it before it grows out of control.