Nigeria’s betting industry is booming despite economic challenges, now valued at over N600 billion.

Nigeria’s betting industry has surged to a value of N600 billion, with approximately 60 million Nigerians—mainly youth—participating in sports betting daily, despite economic hardships.....Read Full Article>>

This growth is fueled by increased internet access and mobile technology, which have shifted betting from traditional outlets to predominantly online platforms.

Mobile and fintech solutions like Flutterwave have also enhanced secure payment options, broadening the industry’s reach. Experts anticipate continued expansion, projecting the industry could hit N800 billion by 2025, though challenges like illegal platforms and gambling addiction persist.

“With 60 million Nigerians actively engaged in gambling daily, the betting industry has become a major economic contributor, adding a remarkable N600 billion to the economy.

This rapid growth highlights the popularity of sports betting and online gambling in Nigeria, solidifying the country’s position as a significant player in Africa’s gaming market,” noted *Online-casinos.com Nigeria*, a reputable source on global gambling trends.