The Nigerian Online Gambling Market
There is no doubt the online betting and casino industry in Nigeria, have enjoyed significant growth over the past decade. That's not to say that gambling in general is something new to the country and it has been going on, all be it on a smaller scale, for some time.
It is believed that roughly 60 million Nigerians between the ages of 18 and 40 are actively involved in sports betting, which is a significant number. Although there is a gambling law in place in Nigeria, it is not always well regulated and many online casinos and betting shops operate illegally in the country. However, the National Lottery Regulatory Commission is in place to monitor all the sports betting and casino gambling which takes place in Nigeria but this does not include online betting.
This came into place with the National Lottery Act of 2005 and it has two distinct categories which are legal and illegal games. The legal games covered in the Act are lottery, land-based casinos and sports betting. Interestingly, roulette, dice games, and non-skilled card games are still illegal in Nigeria.
People must be 18 years of age or older to bet legally in Nigeria and despite the National Lottery Regulatory Commission not explicitly covering online betting, websites must follow the regulations and laws as they are applied to land-based casinos.
As highlighted in the figures above, sports betting are big business in Nigeria with close to getting involved and placing a bet. This number is significantly larger than that of just a few years ago and one of the main reasons for the increase is the availability of the Internet and online betting websites. This has led to access of online sportsbooks and casinos from around the world plus the development of domestic betting websites.
Where to Gamble
A good example of a Nigerian betting website is Bet9ja. This is regarded by many people as being the leading sports betting website in the country and the statistics provided in a report on gambling in Africa published in 2016 by KPMG back up that claim. According to the report, Bet9ja recorded an average monthly turnover of $10 million in 2016, which is a significant amount of money. The second highest turnover recorded in the report was from the website NairaBet. This Nigerian betting company produced an average turnover of $3 million to $5 million, with a 20-30% margin on profit.
Not only is Bet9ja is the top online betting website in Nigeria, it is second only to Google in the overall statistics for the most popular website in the African nation, which is incredible. This statistic just goes to prove how popular online betting has become in Nigeria.
Whilst Bet9ja is the most popular betting site, Wazobet is one of the new breed of Sports Betting and Online Casino Platforms taking Nigeria by storm. They have a very well set up website and provide bettors and players with a safe and secure place to gamble online.
In terms of the betting habits of punters in Nigeria there is no doubt what the most popular sport is in terms of betting. Football is massive in Nigeria and easily the most popular sport in terms of participation and watching on television or via live streaming. There are many professional Nigerian football players who are earning an excellent living playing in the top leagues abroad. Alex Iwobi, Wilfred Ndidi, Kelechi Ịheanachọ, Henry Onyekuru and Samuel Chukwueze are just a few examples.
Football betting has become widely available thanks to the emergence of several online sports betting websites in Nigeria. Bet9ja, Nairabet, NaijaBet, Supabet, NetBet, 22Bet, Betway and 1xBet are just some of the leading online sports betting websites available in Nigeria. Even Bet365 have a website available in the country and as one of the leading sports betting websites in the world, Bet365 Naija has been a very popular addition.
In addition to betting on football, Nigerians also like to bet on boxing and basketball. However, in addition to the sports betting available in the country, online casino gambling has also become very popular.
Spin Casino, Betway Casino, Jackpot City Casino, Ruby Fortune, 888Casino and Gaming Club are just some of the online casinos on offer in Nigeria which come highly recommended. You will find a large selection of games from leading online software providers when using these websites ranging from slots and jackpots to blackjack and poker. Many also have a live casino which allows Nigerian punters to enjoy participating in casino games with a real dealer.
With the continued increase in deposit and withdrawal methods plus a huge range of welcome and ongoing bonuses, there's never been a better time to bet on sports and casino games in Nigeria.