Nigeria is one of the
fastest growing countries in the West Africa. It has left South Africa behind to become Africa’s largest economy in
2014. As of 2015, Nigeria is worth more
than $500 billion and $1 trillion in terms of nominal GDP and purchasing power
parity respectively.
There are three major
forms of gambling in Nigeria – Lotteries, sports betting and land-based casinos. Talking about lotteries Nigeria has lotteries
operating in 6 states. One of the most
popular games being Ghana Game also known as 5/90. Premier Lotto and Golden Chance Lotto are two
of the popular lotteries which are run by Mr. Baba Ijebu and Mr. Idowu Obasa
respectively.
A recent study reveals
that Nigeria’s Internet value chain is getting close to $5.8 trillion. There have been research, showing more than 25% of Africa’s population of 1
billion is engaged in mobile and Internet based transactions.
Nigerians making for a
large share of the total number. It is said that by 2018 the mobile
betting market in South Africa, Kenya and Nigeria would reach whopping $37
billion. There are 17.3 million
subscriptions to wireless broadband (2012) and over 67 million users connected
to the Internet (2015).
The government of
Nigeria has licensed three land-based casinos. Two of it located in the Lagos and the other one in the capital city, Abuja .
Sports betting is
booming in Nigeria. Nigerians can wager
on sports in betting shops, over the phone, and on the Internet at Nigerian online
sports betting sites. Football betting
is most popular, but they also bet on the basketball, tennis, cricket and many
other sports and leagues around the world.