Sports Betting: Nigerians Spend N730bn Annually - Liberty TV/Radio - News - Voice For All! Vision For Alll!
Publisher (J.T)
August 13, 2019
Nigerians spend over seven billionnaira annually on sports betting and at least two billion naira is generateddaily.
Research data shows that over sixtymillion Nigerian customers spend over three thousand naira daily placing betstakes. At least there are fifty betting sites in Nigeria with the numbergrowing annually.
Some respondents said they placedbets to generate quick and easy income, and turn their passion for footballinto cash.
Fashion designer, Segun Mukoro saidit was the fastest way to double his income and although he might losesometimes, the wins come big.
Similarly, Eronini Kolapo explainedthat he used betting to augment his allowance as a student adding that hestarted for fun, at first but soon built a network from it.
Research statistics show that overfourteen million bet stakes and payments are made over the internet every day.
A betting shop attendant, NiyiAdejujagbe said that he gets at least five hundred stakes placed in his shopdaily, adding that he has a crowd of punters as early as 9am.