Posted on: February 20, 2022 Posted by: admin Comments: 0

The chart showed that a large majority 77 % said that gambling is prevalent in Nigeria. Gambling in Nigeria is regulated by the National Lottery Regulatory Fee NLRC, and it’s worthy to notice that each type of gambling is restricted from all residents of Nigeria beneath 18 years. Don’t signal anything you don’t understand or are not prepared to pay for. By statistics, about 60 million Nigerians between 18 and forty are involved in active sports activities betting. In line with a report by News Company of Nigeria NAN, about 60 million Nigerians between the ages 18 and forty years spend up to N1.Eight billion Naira on sports betting daily with a meaningful investment of N3,000 Naira per day.

For example, a knowledge report from Klynveld Peat Marwick Goerdeler in 2016 revealed that a number one sports activities betting company in Nigeria makes a median month-to-month turnover of 10 million dollars. Abuja, Nigeria. September 16th, 2019- Nigeria is certainly one of many inundated sports activity betting. The Nigerian sports activities betting and gaming trade has grown geometrically up to now few years. The finding revealed that most Nigerians imagine that gambling is turning into very talked-about within the country, particularly amongst the country’s bulging youth inhabitants and sports activities fans. Equally, gambling has become a growing development amongst young Nigerians aged 18 – 35 years, who accounted for the very best proportion of Nigerians who interact in the following.

Betting has developed into a rising development amongst youths within the country as the findings additionally revealed that those aged 18 – 35 years accounted for the best proportion of Nigerians who interact in it. The poll, which was carried out within the week commencing July 17th, 2017, assessed the opinions of Nigerians concerning the prevalence, knowledge, and possible reasons some Nigerians interact in gambling. Finally, respondents identified the reason why Nigerians engage in betting and gambling to incorporate: ‘quest for fast money, ‘high price of unemployment, and ‘greed’ amongst different causes. A significant proportion of Nigerians polled attested to the excessive prevalence of betting and gambling in their locality; significantly amongst respondents in the South-West and South-South geo-political zones, which recorded the highest prevalence.