Nigeria is one of the several African countries participating in the online sports betting epidemic. This includes online poker, casino games, and betting on sports. In the last two years, the Nigerian sports betting and gaming industry has grown astronomically.

Nairabet was Nigeria's first online domestic sports betting platform. Since its existence, there have been many more gambling sites, as Bet9ja, BetKing, MerryBet, SureBet, etc. In Nigeria.

The country's huge population and increased access to internet devices can be attributed to betting's exceptional growth.

The National Lottery Regulatory Commission shall decide all forms of gambling in Nigeria, including sports betting. Lottering was legalized under the National Lottery Act, 2005, and the Chapter 22 Criminal Code Act, passed in 1990, is defined for gambling. It is important to note that all forms of play are limited to all Nigerian citizens under 18.



A body known as the Lagos State Lotteries Board (LSLB) has been set up. LSLB was created by the Lagos State Lotteries Laws Cap L89 2004 and is responsible for regulating lotteries, sports betting, scratch card & electronic games, casino operations, gaming machines operations, betting pools, promotions, and other gaming operations within the Lagos State.



Sports betting in Nigeria is a highly profitable business. About 60 million Nigerians between 18 and 40 years of age participate in active sports betting. These punters, on average, spend around 3,000 Plus Naira each day on betting. Sports betting gives Nigeria soccer fans the chance to make money from what they love. Sport betting shops can now be found in almost every street in Lagos in 2019, with new shops being supplied every day.

A leading study released by KPMG in 2016 on Gambling in Africa exposed some offensive numbers in the sports betting industry in Nigeria. The leading Nigerian sports betting firm, Bet9ja, generated an average monthly revenue of $10 million in 2016. NairaBet, second in the sector, generates an average turnover of $3 m to $5 m, with a profit margin of 20-30 percent.

Steps to create sports betting business in Nigeria.
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