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About
Gambling in Nigeria has actually progressed significantly from traditional pool staking and Baba Ijebu to a successful sports betting industry. With increased internet gain access to came virtual betting processes, leading to N600 billion industry worth.Nigeria's sports betting sector has prospered despite financial challenges like inflation. The industry attracts millions, specifically amongst the younger demographic dealing with increased unemployment rates. Reports reveal that about 60 million Nigerians aged 18-40 actively take part in sports betting.
The Market
"With 60 million Nigerians actively taking part in gambling daily, the nation's betting industry has actually become a powerhouse, contributing a shocking N600 billion to the economy. This rapid growth underscores the widespread appeal of sports betting and other forms of online gambling in Nigeria, positioning the nation as a key player in Africa's gaming market", notes Online-casinos.
