No fewer than 60 million Nigerians spend
1.8 billion naira ($11, 042944 US dollars) on sports betting DigitalSENSE Business
News gathered.
A study carried by Nigerian News Agency
(NNA), estimated that presently about 60 million Nigerians between the ages of
18 to 40 are spending 1.8 billion naira (£ 670,000) daily on sports betting.
This is as Lagos state government has said
that it will do more to create enabling environment for the lottery industry.
According to the study an average Nigerian
bettor wagers 300 Naira (£1.10) daily.
DigitalSENSE Business
News checks reveal that sportsbetting has grown in popularity among
Nigerian youths and young adults, with international football being the
nation’s most popular sports betting market.
Chief Executive Officer, Lagos State
Lottery Board Mr Lanre Gbajabiamila who disclosed this in Lagos recently, urged
federal government to put more policy frameworks in place to open up the
lottery industry for more operators to come in.
“The state government has been making
efforts to provide an enabling environment for the lottery industry but only 40
per cent of the industry had been tapped into. We urge the Federal Government
to create a more enabling environment for operators in the industry to increase
revenue and create jobs for youths. The major needs of the operators are
improved electricity and internet provision to boost the business,” he said.
DigitalSENSE Business
News authoritatively reports that sports betting operators are accessed
through internet cafes throughout Nigeria while payments are made using digital
micro payment providers who allow Naira currency to be processed and mobile
phones
In the NNA study, many younger individuals denied
themselves food in order to wager on sports betting markets.
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