Nigerians Spend N730 Billion Annually on Sports Betting
Nigerians spend over 730 billion Naira annually on sports betting and at least two billion naira is generated daily, recent research data shows.
Data also revealed that over 60 million Nigerian punters spend over 3, 000 naira daily placing bet stakes. At least there are 50 betting sites in Nigeria with the number growing annually.
Spending N730 billion annually on sports betting is significant for a country which the 2022 national budget is N16. 39 trillion.
Respondents, who spoke with the News Agency of Nigeria (NAN), recently, said they placed bets to generate quick and easy income, and turn their passion for football into cash.
The report quoted a 28-year-old Fashion designer, Segun Mukoro saying, “Yes I bet and I do so weekly, especially when there is a league playing. When you have been betting for long, it’s easier to know what odds to play and what teams to bet on.
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1xbet.ng is owned and operated by BEAUFORTBET NIGERIA LIMITED, which operates under license №: 0001018 dated September 12, 2019 issued by the National Lottery Regulatory Commission of the Republic of Nigeria.
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