Sports Betting

Nigerians spend N730bn on sports betting annually

Nigerians spend over 730 billion Naira annually on sports betting and at least two billion naira is generated daily, recent research data shows. Data also revealed that over 60 million Nigerian punters spend over 3, 000 naira daily placing bet stakes. At least there are 50 betting sites in Nigeria with the number growing annually. Respondents, who spoke with the News Agency of Nigeria (NAN) on Sunday, said they placed bets to generate quick and easy income, and turn their passion for football into cash. 28-year-old Fashion designer, Segun Mukoro who bets at least once weekly said that it was the fastest way to double his income and although he [Read]