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Data from the National Lottery Trust Fund (NLTF) has revealed that over 65 million Nigerians actively engage in betting, spending an average of $15 daily. This is just as it disclosed that everyday, 14 million bet takes and payments are made online in the country. continue reading here.... (https://www.google.com/amp/s/guardian.ng/news/nigerians-spend-975m-daily-on-online-betting/amp)

Recalled that Nigeria population is estimated to be around 200+million and from the information above, over 65 million people are engaged in gambling on a daily basis amounting to over 32% of the country population. With the recent economic crisis and hardship affecting almost all the nations, if large number of people are spending this much on betting, can we say that they relied on gambling to survive?

But, I think we need to know how much betting sites are paying out daily too, so we can make comparison.  ;D

It should not be like that. If it is like that and they are relying on gambling, gambling sites that they are using will be very happy because they will make more money from them. I guess that most people that will be gambling among the 32% will be 80 to 95% men.

Gambling should be for fun, not a way of making money.

That's totally alarming considering the total population of Nigeria 225,600,039 as of November 2, 2023 coming from the source below.

https://www.worldometers.info/world-population/nigeria-population/

So let's do the match, that's 65m/223m = that's 28% of population are into gambling. Well, I tell you, this pecentage is too high considering some of the 225m population are minors or kids, or women, which the rate of gamblers is really high. And here's another interesting numbeer from OP>


And as per data below, it's minimum wage is.

https://take-profit.org/en/statistics/minimum-wages/nigeria/

So they are gambling more than what they earn? That's unbelievable.

I strongly believe the figure is far much higher than this if online crypto betting is added because this betting statistics is from the online casino that accepts Naira only and Crypto betting is not included and if I am not mistaken, the online crypto betting statistics might be far higher than this statistics if the data is given. Nigerians are always looking for alternative means to survive the hardship in the country so if they resort to gambling as a source of income,I am not surprised because the economic situation of the country is not encouraging so one would need to improvise just to survive.

When a third of the population is involved in gambling (and if you take away the children and the elderly who no longer need anything, then this is not a third, but rather half) then it looks like an epidemic. I don't know how bad gambling affects most Nigerians, maybe they have fun responsibly and don't have any problems with gambling, but from the outside it looks terrible.

I don't think they are relying on gambling to survive, nobody can survive on gambling alone, they just want something that can pull them out of their poverty and that is betting on the lottery or any form of gambling, Nigeria is not the only country, in our country Lotto is so popular that you can find lotto outlet almost every corner of the city, people just need something to put their hope and in our case its lotto.

Expect that in a country where there's a large number of poor families, they are hoping that winning in gambling or the lotto is their way to financial freedom but of course, they still work to make a living, they still study and do other things until they hit the jackpot that will change their life. this is the hope of many poor families in our country.

This kind of result is normal on a country that has a high poverty since they are using gambling to have an opportunity to become rich quickly by placing small bets which everyone can afford even though the odds of winning is very slim.

This is not only the case to Nigeria but literally to most 3rd world country that has a national lottery. I never bet on a lotto but I won’t blame them on spending money on it since you will never know when luck will comes to you while the betting amount is very affordable.


Regardless of the exact amount, They will always win due to house edge.

I personally believe that hard economical times can make people in developing countries to resort to gambling because it is either a mechanism to escape reality and the challenges of it for a while or also because it may help them to earn some money by pure chance and luck.
However, I have noticed that gambling seems to be somehow embedded with the Nigerian culture or something like it.
I do not have any Nigerian friends myself, so I cannot be sure, but it would seem to be that way, that gambling and betting has turned into such an important part of Nigerian culture to the point of that high percentage of it's population engaging on it.

It would be preferred if those going through difficult times did not gamble at all, but realistically, there is no much casinos or the government can do without a serious and we'll funded program.

Because I am observant of the number of gamblers around me and how much of the gambling activity is going on around me I can see that this figures stated as the amount spent by Nigerians daily on online gambling can be correct because I have even witnessed people who have no idea about a game but are willing enough to use their money on another persons prediction just so that they can have an opportunity to win. The economy is hard right now so I think the many Nigerians have taken it as a way to make money, and a way to give themself hope that they're making moves to make money.

But what is what drives people to resort to gambling to make money, because we all know that in the long term all those people will end up losing their wager.
What is going on in Nigeria? Is it lack of employment ? Because as far as I know Nigeria is actually a very diverse and rich country when comes to natural resources like petroleum.

Is it about corruption? Because if it is about corruption, then I would personally not trust any nationally held lotteries and only gamble on casinos with headquarters abroad and probably fair games.
Whatever it is going on, I hope people somehow be able to sort out that national situation and they do not need to depend on luck to continue to have a decent life standard, also they would not need to depend on some military general carrying out a coup...

As a Nigerian and from the point experience as a gambler who resides in the country,  This Data is very correct and I agree with it because the rate of gamblers has increased over the years with the increasing number of people using smartphones in Nigeria, where we now have most gamblers resort into using the online betting platforms to book place their bet. After all, online betting platforms have made betting very much easier and faster for gamblers to bet from just the comfort of their home than before without having them visit that offline sportsbook out there.

First of all, I don't think the numbers mentioned in that article is true and it seems like they want to government to impose taxes to generate revenue from the gambling industry so probably the numbers can be a part of the setup plan before imposing the high taxes.

Fellow Nigerian community may know the actual reality cause if 32% of people gamble on a daily basis then there should be at least one gambler in every family that consists of three individuals.

These gamblers don't rely on gambling as their main source of income. Many Nigerians are hardworking and strong and can do low-paying jobs to survive. They only see gambling as an alternative source of income. The harsh economic conditions are forcing many people to put more money into gambling hoping that they can get some financial benefits. I don't think any data shows how much Nigerians have won or cashed out from gambling. But have seen news outlets reporting how some gamblers won big. I am sure many people are benefiting from gambling because they would have stopped betting if it was not beneficial.

Gambling is not a business that can provide us with profits or income so that we can survive. Because after all, our position in gambling is as players, not as business owners or share owners in certain casinos. And I emphasize again that our position as players is that when we want to play we have to deposit a certain amount of money so that we can get pleasure from gambling, not profit.

However, it is desperation that makes them behave in this way and spend some of the money they have to try their luck at gambling in the hope that they will get a big win that can change their financial situation. The increasingly difficult economic situation, increasingly narrow job opportunities, increasingly tight market competition and ever-increasing needs, this is what requires them to have as much money as possible to be able to answer all existing needs and problems. However, they are careless, instead of increasing their efforts to change the situation, they prefer to do stupid things by continuing to wait for a big win in gambling that will change their life.

If Nigerians play such an amount every day, that means the government is generating enough money from the gaming niche. Because the country consists of both the rich and the poor. Not everyone is extremely poor in Nigeria. So, they'll be able to have fun playing games. It's just like checking how much Nigerians also spend on hotels and wines. You'd see that a high amount is also spent everyday. The government generates lots of money in Nigeria. Only people who don't know how big gambling is worldwide would doubt such digits. I won't doubt it, since the population is enough to spend such an amount. Many of them play games with vendors and they get paid. So far the person wins the game. Hence, if the numbers are real, it's still based on estimation. It's not realistic to say that they need gambling to survive in the country. That means the person won't survive. Since gambling has never been made for people to make lots of money. Most of them won't be able to meet up with daily expenses and food as well. Economic crisis doesn't mean markets won't sell and traders making profits. These traders also bet while in the market. You'd see that gambling is quite large in Nigeria with high volume of profits for vendors and bookmakers.


Corruption and lack of employment thrives in the third world, but in Nigeria the population is enough to generate shocking amount of money yet it won't be enough to feed the whole nation. Millions of Nigerians according to WHO live in extreme poverty. Such people need not try gambling. It doesn't occur to them that such things exist. As for the resources the Niger Delta part of Nigeria are still fighting for amnesty for the bad effects the oil business has on agriculture. These people depend on fish farming to survive. But, Oil ports and rigs have destroyed their fishing businesses. With the government feeling reluctant about it. The whole oil producing states still live in poverty. Minimal developments. Such people with their stipends, will easily try luck on gambling, things may get better along the line.

I think no, but I think they are hoping that betting in gambling games like lotteries can change their lives.  A one time big time win is all it takes to make a 180 degree turn in order for someone to get rich and say goodbye to poverty.  This is the major reason why people are betting into national lotteries even if the chance of winning is very small.

I doubt!
Unless Nigerians have found a "magic formula" to make money from casinos steadily in order to make it a source of income.
Surely it is the casinos who must be profiting from the Nigerians.

But, what leaves me in doubt is that Nigeria is not a country with a rich population, if I'm not mistaken the majority tend to be middle to lower class, so why do they have such a high daily bet value compared to the average? from other countries?

Despite how poor the country is, the people are still engaging in gambling. I think this is because the population is more than 230M which was said above the government must have been making huge profits from these gambling citizens. That is one means of source for their government. They only have a few options for its source though. If the poppy plant just grows in the region, they may actually be producing opium.

We wouldn't wonder anymore why there was a lady and a kid crying to give back his school money to him after losing on bookies.

I am not surprised by the amount of figures that the NLTF called out that Nigerians spent on gambling houses per day. The involvement of Nigerians in online gambling is outrageous. Should I say there is no area or street in Nigeria's locality that doesn't have gambling houses. And the turn-up of people in those gambling houses is always much per day. If a gambling house out of thousands of gambling houses all over the federation(Nigeria) should tell you how much they generate a single day, you will completely agree that online bets are making huge money in Nigeria.

That’s really a huge amount of money. I haven’t seen this information before, and I don’t know how real the data that you posted is, but all I know is that youth in my country do gamble for survival. The country that you mentioned is my country, and I know the way things work here. Most of the youth that you will see gambling are doing it just for money, a few of them are gambling for fun, and I can say that only a few of them are really making money from gambling, most of them are always ending up losing, and they are addicted to gambling. Some people do gamble from morning till evening, they don’t have anything else to do, any amount they make from gambling, that’s what they will use to sustain themselves.

That's not the case, really. They just divided the $975m into the 65 million people, resulting into $15 per day. Based on the data that you have provided, there's no way that that many people will risk half of their monthly earnings PER DAY in hopes of getting something in return. There will be some people spending more than $15, and there will be some that will be spending way less than that. Take the total number, and divide it to the number of people and you get the average spent per day, but I'll tell you that this isn't an accurate way of presenting that data they gathered.

Even though that's the case, 28% of people actively engaging in gambling on a daily basis is really alarming. I guess with the economic conditions in Nigeria, a lot of people will rely on luck rather than look for jobs and improve their skills to get paid more.

Not really for the citizens.

But, we all know the government is the one who relly on gambling-tax. It's no secret, that gambling-tax are the one sector that can bring a good revenue-tax compared to other sector because the cycle movement of money is really big.

Even my country who are a Muslim country around 30+ years ago legalized gambling and make a tax from it. Guess what, it's boosted the city.

Funny to see such reactions in the life of Nigerian gamblers. But, it truly defines their gambling attitude. It's not like the responsible gamblers who play to enjoy the game. You'd notice that those people needed a fast method to multiply their school fees, to fund other utilities. But whatever happens they're contributing squarely to the gambling economy of Nigeria. If they continue like this, more gamblers would emerge from the country. Consisting of both the disadvantages and advantages of gambling. Thereby, increases the accumulated wealth from gambling, especially sport betting. With the love of sporting activities thriving in the country. The best source of additional wealth to the government is stabilizing the Nigeria Premier league. But, it's long long gone. However, moral instructions still revolve around the country, people still try to maintain their mental health. Not to be affected by gambling addiction. like some responses above, the majority consists of young people that means the country may become a gambling country like Australia in future. Because the high rate of gambling in Nigeria is quite alarming. Including traditional gambling and lotto. I've confirmed that on news paper the money generated from gaming is much. But, unlike Australian government the Nigeria government don't invest a lot of the money back into moderating gambling in the country. If they did, It would have skyrocketed a healthy gambling in the country. Though in Naira, it's a huge amount, converting it to dollar is about $1 million, which may not be compared to the amount other first world countries spend in gambling. A single player in America can wager $1 million in one day. So, the poverty rate still contributes, but they are players who still enjoy their gambling Habit. I didn't get the line about source? what do you mean by that, you mean the government need to devise other methods of making money via gambling? The country has enormous means of generating wealth. They may not need such a plant to grow in the country. It can ruin their youths. Such things as that are not encouraged, although I get your point could be that since they are in love with gambling. They may also love to venture into such business. In my context it's wrong. The country is blessed.

It is not a surprise. Gambling is very popular among poor people and Nigeria is one of those poor countries. These people are mostly unemployed and if they are lucky enough to have a job, that job pays very little. In a situation as shitty as this, gambling makes more sense because they won’t be going anywhere financially either way. Poor people in the developed countries also share the same logic. That’s why you see wage slaving people buying expensive crap which they don’t really need.

Here in where I live I see many people that work for the minimum wage ($400) and yet they use the latest iPhone which costs way more than their paycheck. That’s the only way they can feel life. They won’t ever have a nice car or a nice home but they can buy them iphones. Yippie

This is interesting, and this data just proves it all. I have just been wondering why all these new online and physical gambling shops are coming out every single month and week. We see new advertisements for new casinos; they all know what they are coming for, and even if 100 different casinos are to be situated in the country, there will be enough money for them to share since the citizens are willing to give out their money to them to make them richer.
 
The rate at which the youth are really relaying on gambling is surprising; there is no way you will visit a crowd of 10, and when you check through what they are doing with their phones, one of them will definitely be on either SportyBet, Betking, Bet9ja, or any of their choice of casino, making their predictions to see if they can win a game, which is very wrong. They now gamble as if their destiny is being tired down on winning a game, and if they don't gamble, there is no way for them to make it out of poverty.

When you divide $975m by the 65 million of Nigerians who gamble daily, you'll get $15 per person and if critically analysed, you'll know that the statistics is absolutely correct.

Nigeria is a country that's made up of over 200 million people and the 65 million people who daily engage in gambling are below half of the total population in the country and if carefully examined, over 60% of the gamblers earns more than $1000 monthly. And that's I think it's absolutely possible for them to spend such amount on gambling daily. Because of the very harsh economic situation in the country, a lot of people engages in gambling in search of shortcuts earn a living but sadly for most of them, they end up losing more than they win from gambling

If I'm the president, I will not he happy about this gambling consumption numbers. This is bad for a country that says they have a functioning government. This manifest government laziness and improper provision of youths. If you check the number of people that are betting everyday on sportybet, 1Xbet, Msport, and many other sport bookies, you will understand that almost all the youths indulge into gambling that was designed for entertainment has now turn to a place to look for money.

I like how they expose this gambling platforms that has been milking the states, they might not be doing it indirectly but they don't pay their taxes, always give wrong reasons why they don't have customers but actually, they do because even if people don't bet everyday, Saturday and Sundays are fix matches and Tuesday for Premier League, Champions League and other European leagues are all play in these days and sure money comes into their platforms but find excuses to avoid taxes.

Nigerians love gambling though, 65m engage in gambling is something to be checked. Imagine a new gambling companies seeing this stats, it will invite them to come get there own share of $900M people waste on gambling everyday. The government need to do something about these numbers.

I am not doubting the Nigerian spending power or not degrading them in any manner, I am just thinking logically, and this percentage is too good to be true. Also if you take a look at the article mentioned in the OP it is not talking about people gambling more and getting addicted, it's about making the right frameworks which is nothing but bringing guidelines for gambling activities and enforcing every gambling operator to generate revenue in the form of taxes to the government.

All the wins from gambling is subjected under taxes but I can't really able to find the actual taxation numbers so that is what this is all about.

Basing up on the numbers then it is really that quite alarming but if there's nothing that we can see about on some odd actions and doings then there's nothing we can do if they are really that a fan
on making up bets but as said that this is 3rd world country on which it does basically means that people arent really that mostly that being rich but still getting involved with gambling?
This do totally shows that they are really that addicted to gambling which basing up on the population number and the % of those gamblers then we can say that they are really that getting
involved that much with gambling. Gambling industry is really indeed making that huge revenue considering about almost a billion $$ a day? Whatt?
Just like you had mentioned on which this is really that still excluded on online crypto gambling too which means that numbers arent still that precise but
pretty sure it would really be just that more.

Honestly, I didn't expect that the circulation of money in the online gambling business in Nigeria was so big. With the data above, it further proves that the current target market for gambling is developing countries. Every day gambling players are not decreasing but increasing, so the governments of many countries are obliged to solve the problems that can arise because many gambling addicts are born. Regarding what percentage of online gambling sites pay Nigerians, I'm sure the data we get will never be accurate.

Compare what?
If we are really on a crisis, people won’t gamble their luck in exchange of eating to survive. Taking a risk won’t be prioritized so I guess they’re just fine especially those who are really betting $15 (for sure not daily) is a reasonable amount even for them. But if that is their limitation and they are just frustrated enough to choose betting than to buy necessities, then that’s their thing and we just cannot command them to stop. If it is comparison, overall accessibility of gambling sites would make it complicate.

I don't think that they are relying on gambling to survive. But maybe close to it when 32% of the population gambles with an average of $15 on a daily basis. That is already a lot there, right? I think all of these stats have started to get some increase during the start of the pandemic. Many people don't have jobs and they relied to some "online" work they think they'll help them to survive and one of it is gambling.

Only the media or authorized people will be able to get these data from them because if you're not as popular as they are then it is highly unlikely that you'll get some stats from them. That's why it is better if whoever has made this article should also go into the popular casinos and ask for data from the demographics that they have specifically in Nigeria.

This data is correct and I believe that people playing the bet will be more than that percentage on paper.
Some people make gambling shop their homes and offices because they don't have job and they are getting hope of winning virtual games for money they can use to survive and pay their bills.

Some gamblers are not using their smart phone, they book games with the betting shops, and some of them book multiple games just to earn a leaving.

Gambling is supposed to be for fun, but in some people case in Nigeria, they are taking it as their source of income which is wrong, and through this gambling addiction, so many people have lost their lives and properties for bet.

With this statistics it shows that they are depending on gambling to survive, honestly the country is not favouring poor mass now that why they engage themselves in gambling hoping that the can earn a living, but they don't know they are misunderstanding the all issue because only few gain from gambling, I heard a discussion with a colleague at work yesterday when he asked me to check livescores for him I then asked him do you gamble and he replied me by saying he is even the home of gambling, discussion continue I asked him have you loss before and he said the money he lost is far more than the money e realised.

Sorry to say but Nigeria is not a poor country. Yes, Nigeria is often described as a developing country which means that it is not as economically advanced as some western countries but it is worthy to note that Nigeria has a large population and is the most populous country in Africa. Nigeria is blessed with a wealth of natural resources including oil, natural gas, coal, tin, iron ore, and limestone. In the area of agriculture, the country is also rich in agricultural resources like cocoa, palm oil, and cassava. The problem with Nigeria is that the country is struggling to manage these resources effectively. Corruption and mismanagement of these resources is what is killing the country but it is unfair to say Nigeria as a country is poor.


To compare the amount spent on betting and the amount realized from betting of course. I think it is necessary to know whether the investment is yielding positive result or not. With that huge amount being spent on betting and with bookmakers probably paying out little amount justify why we are having new of them popping out on a regular basis.

I agree with the statistics and your analysis but where I vary with your analysis is the online casino area. I don't think the number of Nigerians betting in online casinos and those using crypto is higher than offline bettors. Remember those who are betting offline are also likely to be same person betting through online casino games.

Moreover, the age range of bettors in Nigeria are mostly youths and they are more particular about soccer not even sports in general, so that already limit the numbers estimated bettors in online casino games.

However more seriously, the reason for this alarming number of gamblers and are mostly youths and mostly graduates is high level of unemployment. The nation is facing difficult times and the leaders don't allow election results to reflect the wish of the people but to rig themselves into office and the result is backwardness and no wonder brain drain continues in Nigeria and Africa.

It is unfortunate that people try to survive through gambling because there is no jobs or conducive business environment but there is no survival in what seem to be a lucky dip, it can only favour very few people and majority will end up being more poor.

I can attest to the fact about casino games not being a top choice for Nigerian gamblers because we are more of a football betting nation than casino going kinds of people. I mean, the country is already so hard as it is and the major survival investment any gambler or bettor does is to place bet online for matches played over and through the weekends.

The losses is quite cumulative to the $975m estimate and i know more than one bet slips are staked for many when betting. Online casinos these days are gaining customers too in same season as this. This shows how we survive and how we spend much of funds, mostly when single and or working at an office job.

Thought same thing too, I think the statistics won't be complete if we don't see the amount of payout to gamblers and stackers, I don't think Nigerians are dump and keep giving away their money without any returns.
Gambling is striving in Nigerian and my opinion on the major reason for that is joblessness the Nigerian youth especially has lots of time on their hand doing nothing and spend more thing gambling even though they don't have means to fund the gambling lifestyle. Although I don't have anything against gambling but gambling irresponsible is where I draw the line.

Also, spite of the claims of people about how bad their government is and the ambience of corruption the average Nigerian suffers in their own land, I have also noticed Nigerians have a very strong tradition of getting married and having children, disregarding the economical conditions of their country and whether they will be able to support a family perpertually.
I don't have any doubt in my mind that an important percentage of people who partake in gambling also do it for the sake of having a chance to get some food for their family.
If the Nigerian government is is willing to step up and fight corruption how Nigerians require it, then at the very least they should do the same some states like India and China do and encourage couples to only have one or two children maximum, in exchange of benefits. one is not supposed to rely on gambling while having a family, it would better not to start one, in my opinion...

This does not mean that every person from that 65 million spend that much. That's what I'm getting at. If the minimum wage in the country is set at $39, they could not spend $15 daily in gambling alone. There's more to it than adding the total dollar value and dividing it among the 65 million people. There are key things missing like demographics and income range in order to paint a better picture. If the average Nigerian, out of that 65 millions, could spend $15 a day in gambling, this must mean that they are earning more and are doing well, but that's not the case.

It completely portrays a different image, and that's not statistics done right. It just states that 'they' as a collective, spends X per day on average, but that doesn't mean that every individual actually spends that much. The distribution assumes that each one of that 65 million is spending the same amount. They have a figure of 60% of that 65 million earns $1,000 a month, but they stopped there and didn't really checked for the spending habits and the variations on each individual's tendency to spend money in gambling.

Infact this 28% is low excluding old and children. The reason why I said this is that this is the online statistics. People bet offline, on land base casino. People gamble in their compound, in the neighborhood apart from casinos and it is normal in Nigeria. Some gamblers gamble till dawn. Like someone said, I will say that it is like a tradition down here because even before the economy got to the level, people have being gambling and using it as a means to double their funds.

The youths now don't have anything that they do with their money but to gamble and hope to win big, because they have seen people that have won big in gambling. There are sportbet outlets in my neighborhood and all the time it is filled up. They see losing as something normal and they hope that someday, they will win big.

so who would have thought that they have money to gamble on a daily basis where this country is known to have a lot of people below poverty level? the gambling business is very profitable then on this area. wonder where people are getting their money to sustain their daily gambling activities.
the figures may not be exact but it goes to show that this country is like a gambling haven in their region. i hope some youths will find their way to better their lives.

From the way that I see it, two factors are responsible for this trend of increased interest in gambling in Nigeria, one is the economic hardship that is biting hard in the country, the other is the increased adverts of bet companies in the country. Because of the rate of unemployment, increased high cost of living, the naira devaluation, these reasons and more are driving the citizens to look for any alternatives to escape poverty, so people have embraced gambling as a quick and genuine way to get rich quick. From my observation as a Nigerian, most gamblers don't engage in it just for fun, majority of them gamble as a means of survival. When you hear that Mr. A who is known to be poor just suddenly hit the jackpot and becomes a millionaire overnight through gambling, this is the motivation for the increased interest in gambling in the country.

Again the way sports bet and lotto shops are springing up in most corners of the country is very alarming, also the way the bet and lotto companies are advertising gambling is very enticing, as if when you place bets that it's certain that you'll win. Nigerians love football, so anytime that there's a match, you'll see sports bets advertising the match on news sites and will ask you to make bet on who will win.

Poverty is driving people to see gambling as another source of income. They are not gambling because of fun but to make money to survive the harsh economic realities. The government doesn't care about the population, they are only interested in looting funds and collecting taxes from these casino companies. In almost all the streets in my region, you will find an in-house betting company. Some of them are even close to secondary schools where we have underaged children. As the economic situation of most of these countries keeps getting worse, the amount people spend on gambling will keep increasing.

is totally a suicide attempt to try to take gambling as a means to escaping financial and economic hardship because doing so will only increase the risk of you becoming poorer because as a result of the multiple losses that you will record from gambling, so I think instead of choosing gambling as a means to get in on some of those little challenges even though it is big in some cases, but comparing it the resultant bad effect of gambling in contribution to that hardships it becomes big.
Nigerians are known for always being the best at whatever they have to do, and gambling is one of those things that have gained such high attention from Nigerians, but, the losing ratio is still very high compared to how much gambling may have brought into the domestic economy.

Betting companies and Industry in Nigeria enjoy reduced tax rate. The National lottery Regulatory commision in charge of gambling activities in Nigeria demands that gambling companies pay atleast 7 percent of the license's net proceed, annually. Where the gambling companies pay lots of money is in obtaining license and permit. Prices differ for sport betting and lottery. But, they all fall at the range of million nairas in tens and unit. As for the players, no value added tax is demanded of them. Gamblers in Nigeria get their complete funds. The VAT would have been introduced in gambling this year, but it seems to be limited to maybe companies that may have not complied with paying their taxes. Not sure about it, but, quite possible. Then for the money generated in gambling or wagered money. The numbers here isn't correct, it's way too bigger than the actual amount spent each day. Nigerians wager, daily, around $5m daily. Forgive me, I didn't see the dollar sign earlier. Thought Naira was the currency. No they can't stake such an amount daily. If you read my last post you'd notice I wrote it believing that it's in Naira. Talking about what is been said in the article. I'd say that the Nigerian government still have strict rules on gambling adverts. Though gambling companies collaborates with telecommunication companies to also provide gambling Ussd code for non smart phone users. Yet the government got that angle covered and still watches over their activities. And it's written on the wall that the increase in the use of mobile phones increased the amount of money people stake everyday. If there were no fixed regulation monitoring the gambling company, the situation would have been hotter than it is, lots of people or more tender age players may/will have filled the gambling niche. In a nutshell, it's impossible to get watch of every gambling activities in Nigeria, to be able to detect underage players. Most of them participate, but to some extent.

Idrk if that's big. Do we have any comparison to say, other countries or maybe even other industries instead? But well considering how hard it is to find a constant well-paying job, I don't think it'd be odd that some people would just go fuck it and rely on something like gambling. I reckon a small or close to half might just be your average salary worker that can afford that $15 spending, though most likely every now and then instead of daily.

Plus the number might actually be higher since there may be some local tables of gamblers that gather around to play. Not too out of the window to think about it tbh.

When the regime is not stable, i wouldn't be surprised if citizens would want to use online casinos simply as banks to store their wealth in. And this is probably something that is going on with crypto exchanges as much as with online casinos. If my bank had a gambling option, i might gamble more as well.

When one lives their life under corrupted officials, i assume that even shadiest exchange seem like a trusted ally, not to mention trustworthy established casinos. As additional bonus, those probably don't have to give up their user data of Nigerians to Nigerian officials, as Nigeria has no leverage over them. So it's a no-brainer to use them

The numbers are alarming but I'm pretty sure that there are miscalculations, if there aren't miscalculations, there surely are mix-ups in those numbers, specifically the $15 per day part which is almost half of most people's monthly salary in Nigeria because their currency has no value at all against USD. Nigeria is a country where there isn't a lot of wealth available for the general public and the country itself is a middle-income country with a HDI of about 0.5 or something.

So, I'm pretty sure that among all those people who are involved in gambling are some that are rich and spending a lot of money on their gambling activities which is why the amount being spent is that high and those making calculations are taking out the average being spent is $15 per day per person which isn't what all of them can afford to lose every day, of course.

Since Nigeria is a third world country there's an inequality of wealth distributions where the richest own a lot of money and most of people are poor, it's true if they're solely depend on gambling as a source of income.

Poor people don't have enough money, how they can have money to gamble? obviously it's for making more money.

I’m not afraid of the amount of money in this industry because if you take the amount of money in the alcohol industry or even the bread industry, there will be billions a day. The percentage of people involved in this scares me, it even looks unreal. I knew several addicted gamblers, but the acute period of their addiction lasted no more than a few years. I don’t think Nigerians are special people who can spend their money on gambling for years and never end up with it. But if you believe these statistics, then this is exactly the case.

I don't know if Nigeria has some sort of financial support for the greater poor but one thing is I'm sure, there's not much financial literacy on majority of the poor people in that country, just like other third world country. I think that they see gambling as one of the source of income that's why they actively deal with it even in reality, there's a lot of risk in it. Poor stays poor because of how the wealth gap in majority of the third world country.

I'm from a third world country and I know how hard it is to climb from poor to lower middle class and it's much harder from lower middle class to higher middle class. The opportunities from each wealth brackets are not the same as well as the education that an individual receives. It's just sad that there are poor people who treats gambling as a source of income and get stuck with that idea.

It seems like gambling is still a hope for people in Nigeria so they use gambling to make money. But I think it's not just people from Nigeria but also people from other countries who still use gambling to make money. They still believe that they can make money from gambling so they still try. But if they realize that it will never be easy and they will experience more and more losses, they should not try so hard and try to win the gambling game. The news about people winning from gambling makes them think that they can also win their gambling games. But we don't know whether they still rely on gambling to survive but they shouldn't because they will only experience defeat and lose their money.

Nigeria is one of the top 50 poorest countries in the world, and yet they are spending so much money daily on gambling. It's not a sign of hope anymore; it's a lack of education about the risks involved in gambling. In a country with high poverty rates, gambling shouldn't be the solution to improve lives because it's usually the gambling sites that become rich, not the people. This isn't about blaming gambling sites, but they do make a lot of money when people in desperate situations try their luck in gambling. Eventually, these individuals might become addicted and rely on gambling, which means money keeps flowing to the gambling sites.

I've been thinking that Nigeria is one of the developing country and seeing the total number of bettors there, I think most of them have the money saved for gambling purposes and we can assume that they really rely on gambling since they believe that they can win big on betting. Most probably the casinos they are playing are regulated and safe because imagine, almost half of your population are into gambling and yet the government didn't regulate any casinos.

It may also be due to a lack of education. Still, they may also often see several people succeeding in winning from gambling, so this will indirectly influence their minds to keep trying even if they lose. With a low poverty rate, they will try to make money from anywhere, even from gambling, so it will probably increase the poverty percentage even higher than before. If they realize that what they need to do is work to make money and not gamble, they might have a better chance of making money. But it seems that the available job opportunities are insufficient for the number of people who want to look for work. This requires serious attention from the government so they can find a solution.

If you want to make insane amount of money in a year all you have to do is build your own gambling company, and make it available for people in Africa and around the world, it won't take a year for you to become a multi billionaire because millions of people are buying their fantasy every hour of every day, it is something I keep seeing whenever I leave my door going to work in the morning and whenever I am coming back home.

I have never seen whereby a gambling house been dried out, it's always full of different people, both men and women and even school boys that are supposed to be in school, this is what happens when poverty have taken over the sense of the living and the only thing left for them is the hope of a miracle one day, and gambling just fit this empty space than anything else.

The Nigeria government don't even care about it's people, either the casinos are regulated or not I have never heard about a court case on any unregulated casino before, all I know is those big casinos operating in the country are spending a lot of money to the government pocket to stay in the business, and since its a corrupt country this is expected.

Most of the Nigerians are interested in playing online because they think that everything depends on this gambling and it is under the control of the government that's why everyone spends more money to win big. Nigeria's growing interest in gambling is fueled by insufficient financial providers within the country a factor that is the main reason for the adoption of gambling across Africa. Nigerians spend more than half of their wealth on gambling Nigerians began to use the gambling industry as an effective tool to change the way they grow. The company provides an easy-to-use platform with plenty of options and competitive feedback for Nigerians to bet on. Its comprehensive payment system provides a safe and enjoyable betting experience for all users with secure banking system and excellent customer service.

Despite the crisis and economic difficulties everywhere, I am sure that gambling is not the answer to make it a more reasonable source of income, I know that it is really ridiculous to gamble to survive, after all to gamble also requires money, why not buy for living needs but instead of using it for gambling, it looks more ridiculous to prioritize gambling rather than spending on daily living needs.

That is a number that is not small considering that Nigeria is a country full of active gamblers, I think they never gamble, 65 million people are involved in gambling that is the biggest record I have ever seen compared to my country, but I am not really sure if they gamble to survive or just for entertainment and fun, but my belief is that most of the players there are addicted to gambling.  :D

It remind me about this video on youtube, Gamblers Like Me: The Dark Side of Sports Betting from BBC Africa.
I was surprised when the first time seeing this video, bookies are opening their service such as a grocery store or a minimarket there.
Interesting story, here is the link if you want to watch it:

https://youtu.be/JXgLwphEDM0?si=imE6vsGEag-S7wd0

It's worrying that so many people in Nigeria gamble. If they're addicted or trying to make money, it could be bad for them.
People in Nigeria don't earn a lot, but they spend a big amount on gambling. The government needs to control this to protect them. They could do campaigns to tell people that gambling can be dangerous.
This might help them make better choices and avoid problems. telling them understand the risks of gambling is important to keep them safe.

I saw a comment on the article about the numbers not a viable thing and that there's a possibility that it's an inaccurate statistic since they came from the government which I think is a valid argument so hopefully there are other statistics that can at least back this up. Regarding the statistics though, if this is accurate then that's an alarming number because a population that's mostly gambling is likely a population that's experiencing high levels of poverty although that's just a conjecture, I do think that when more people are trying their luck with gambling, that can only mean that they're trying to find a way to get out of poverty in the quickest way possible which is gambling.

Wow, I need to watch documentaries again and these might be the best one to start my documentary binge. I didn't know that gambling was that thriving in Africa that they're building these kinds of establishments just for the purpose of catering to gamblers and make the gambling experience more convenient.

Trying to make money through gambling is a risky choice, especially if you're already facing financial difficulties. It shouldn't be your main way to earn a living, as it's very uncertain. Many people have tried and most of them have not succeeded. While it's true that some people make money in gambling, especially in sports, they make up a very small percentage. You'd be lucky if you belong to that small group.



Teaching people about the risks of gambling is helpful, but with the current high rate of gambling, a stronger approach is needed. This could involve completely prohibiting gambling and blocking websites that offer gambling services from overseas, making it harder for people to access them.

       -  The minimum wage in the country of Nigeria is very small, let's say 40 dollars a month. It will be really difficult for you to survive if that is your only source of profit, especially if you are a middle-aged person. So I will not be surprised if most gamblers in Nigeria think that gambling is a source of income because of their scenario.

That means the government also has a lot of money coming in. If 28% of the human population there spent 15 dollars per day, that's quite a lot. If only most of the government officials in Nigeria were not corrupt, maybe at least the economy of Nigeria would be good.

But based on the statement in the OP, they gamble daily, which means they have a means of earning, so they are able to gamble every day, which means they have something that they do to earn. I don't know, I don't want to judge, but based on the percentage, maybe they are the people that are reachable. Of course, even the Nigerian country has rich people, so I think they are the ones that can gamble every day. If not, then we are not sure how they have money to use for betting.

Even if the government raises a campaign or such, they can't stop people from gambling because the decision will depend on themselves. Unless the government bans gambling activities, that is the most effective way to stop people from gambling, but another problem will emerge: there will be a lot of illegal gambling cases. In short, we can't force them to stop gambling, but yes, we can do our part or the government's part by raising awareness.

I won't doubt you on this one, because I have practically monitor this situation, people now see gambling Nigeria as a means is survival especially soccer, any little money the have, the see it as an opportunity to bet, I can sincerely tell you that, this has also in one way help Nigeria as a country, if not, there would have been a high issue in my dear country, people see gambling as a social activity, they play this in company of their friend instead of engaging in questionable behaviour they prefer gambling, in my state people that indulge in gambling are more than the ones that don't, so this gambling habit is seen as nothing in this country, almost all the bet companies are making a lot of money in Nigeria to be precise, because of it's citizens massive involvement in bet.

I was very surprised by the figures, but I don't believe that more than 20% of the Nigerian population is involved in gambling. It could be possible, but it's hard to believe that most of these people depend on gambling for their lives.

You can certainly confirm this, especially about people you know, but to be honest, relying on the proceeds of gambling is a mistake. Gambling never guarantees victory, in fact you will never win without luck even though you have done the analysis. Sports betting makes sense, but even if it were possible then relying on gambling is not the best solution for survival.

I saw this news online I think a day before yesterday, and with all sincerity, I was shocked for a second or two, but recovered from the shock after giving some thought to what I read and also comparing it to what is currently happening around in the country.

To be honest, I personally think that many in the country have turned to betting and gambling as a means of survival, several young boys and girls are into sports betting today, even those that are under s-aged.

So yeah, many indeed have turned to gambling and betting, as a means of survival in Nigeria, but then, we actually can not tell if this is a good or bad thing, until we also see how much casino are paying out to Nigerian on a daily basis, just as you have said.

Besides educating people about the bad influence and effect of gambling on their lives the government should strengthen its economy so people in third-world countries will not rely on gambling for their hopes and their futures, here in our country so many people are hooked on the lottery because the economy is not good with very high inflation and low salary when the stakes are high, people queuing just to bet and get a shot on the big pot.

They are motivated to bet even if they are not daily bettors in the hope that they get a shot on the big pot, there are true stories one example is a guy betting for the first time and picking a random number to hit the jackpot.

There's nothing wrong with taking a chance by buying a ticket in the hope that, that one ticket is your key to financial freedom what is bad is buying a lot of tickets and putting all your hopes to the point that you have no more money for your family, family comes first before anything else.

honestly, this number is very high and does not convince me that it is real data, perhaps the number of people who play is increasing in order to create a law that restricts gambling, in the case of an African country I would not be surprised that this data data were manipulated to fool people into thinking that there are a lot of people playing. I don't know how many people from Nigeria are on this thread but if there is anyone from Nigeria on this thread I would ask the following:

How many neighbors, friends and relatives play at a casino or buy a lottery ticket?

because if someone who lives in Nigeria can see that their neighbors are playing a gambling, can see that their relatives and friends are playing a gambling, then these data could be true. Now I also need to see how much money people spend on gambling, because I highly doubt they spend a lot of money on gambling. African governments are not honest and trustworthy, that's why every thing they say you need to see if there is another credible source that confirms what they are saying

It is sad to see that economic conditions are not good and still people pouring such big amounts into gambling daily which can be used for the betterment of the society and solving some financial issues as well.But the great percentage is involved in gambling related activities which is also issue and we can say that the people want easy money through gambling or trying their luck to get rich.But according to me it's not the right way and reports revealing such big amounts is concerning.

If the economy has gotten to this that people now depend on gambling win  it is too bad. My advice for people is that they shouldn't put much expectations on gambling and thinking that they can make money from gambling,  it can make one to be addictive by investing much on gambling.  Gambling is still unpredictable,  people should be careful.  Hard economy shouldn't be a reason why people want to make gambling a means of making money, it could end up to cause bad effects on gamblers and it can also make people to lose money in gambling more than  what they expect.  

Even with the difficult economy,  I think gambling should still remain a game people must play for fun and not to make money by all means which is against winning in gambling.

I don't believe that the chase for easy money is the issue that those Nigerian have taken to gambling, no it is not their fault. It is the fault of government that has not provided good environment and social amenities for macro and micro businesses to grow. If you don't have electricity in the country then no business will thrive but those existing will close up to other countries, so maybe that could be the real situation and reason for people to go into gambling but that is not the right direction to source for income. However, Nigeria is not the only country with high rate of gambling activities and some countries with organized social amenities also gamble because it generates good income for the government.

Well, we can't only say that they are people who are relying on gambling for survival; $15 is not really a huge amount to gamble off in a day, depending on how much the person is earning from their job. Let's assume we have a significant number of people who are only dependent on gambling. This means that they usually make a win and can cash out or redeposit their cash out to gamble more. For example, some can gamble with $15 today and luckily win more than that. If he or she decides to cash it out, they can do so and also deposit some money back the next day if they decide to gamble again.

This was the biggest news,because the Nigeria was not the biggest country to manage this much money to the gambling sites.So the reason for this was due to the people opinion towards the gambling.Now the Nigerians consider the gambling will lift them from the poor life,it was the biggest reason behind the gambling involvement by the gamblers.I had hear some of my Nigerians friends had won the big money from the sports betting in the recent days.So the gambling was suitable one for the poor economy like the Nigeria,So it will suits all the country people into the gambling.When you compared the money to the population,the money was not more to the population in gambling.

The number of Nigerians who gamble on a daily I think is too disturbing to learn of and the figures they spend is just too much for a country where millions  of people are struggling to feed daily but then again, it's nobody's right to detect how am adult should spend his money.
The hash economic crises in the country has forced a lot of Nigerians especially youths to gamble regularly in search of easy means of making money but unfortunately for most of them, they end up losing their money.

It is not just about so true random statistical figures here and there to allow the public the question is what the hell is the government of that country doing about this. After publication of this figure what steps have been taken to curb this fast-rising pandemic because that is how I see it. If this amount of money is spent daily on online betting what is the psychological cost on the nation? What is the psychological cost on the menfolk because they would have more population of gambling men than women.

The economy is not to blame 4 days rise in gambling. Shouldn't we blame the government of a country when they have no concrete measures in place to prevent her citizens from gambling like their lives depend on it? Shouldn't we blame the government of a country when there are no regulations guiding operating and online betting business in the country?

Something definitely needs to be done ASAP.

that would be hard for these politicians because they are known be one of the corrupt countries. their people have been in gambling and we can't rely on these politicians to act on this alarming rate in their gambling sector. maybe, a lot of them are also in gambling. who knows?
am not familiar with how their government programs are addressing this matter. but i guess, they have other pressing matters that they are taking care of.

Mate, I know that the money is very significant, but what we must also know is that the money is not just from one of two persons. Nigerians have a great population, and I also think that some of them who are wasting that sum of money ($15) per day, it could be that it's the money that they are winning from gambling that they are still using to gamble.

You are right, though. I think the economic situation in Nigeria is harsh, and that's why we have the majority of the youths who are gambling every day just to win some money to make ends meet, and this is the reason why we have that sum of money, as in OP's. This is just a way to enrich those casinos.

The question that i do have in mind is on how these people do really consider on spending out tons or their money despite on having that small salary from their jobs.
Its understandable that they are really hoping for some jackpots to changed up their lives but we know that it is really that too absurd on having that kind of consideration
on which you are really that making yourself engage with gambling because of that kind of anticipation or expectation towards gambling which is really that bad.
If they are really that generating that such revenue or generation of overall gambling wagered then it does signify that there are lots who are addicted to it.

We can only associate the term survive if these people are actually winning but we know the odds of winning in lotteries or any gambling form.

It should be, the large number of people there are relying on gambling on their dream to escape poverty and become rich.

But look, these people even have a budget for gambling. We can assume they are really eaten by the thinking that gambling is the only way to become rich.

But, since when the economic conditions have became good? :D. I wouldn't say that people are just relaxing, playing gambling to ease that problem because the amounts involved are indeed pretty serious. There is something wrong with that. It could be that people sees gambling as a way to solve those economic problems.

It's the individual's money combined and not only from the people in the government if they are also betting, so I won't say those amounts can be used better to improve the society and solve issues related to it. It's still better though if they have a control. Maybe their personal problems won't escalate anymore.

Well we can also say that to those scammers and cyber criminals that live in war torn Ukraine, they still have that time to steal from someone when their country is at war. So the economic conditions are not going to improved anytime though and perhaps those who are losing this big amount of money doesn't really care about what is going around their surroundings.

They might have the wrong mentally from the outside, but who can blame them if they have the money to begin with? Maybe they work very hard to earn that and so they want to enjoy their life thru gambling so we can't blame them for that.

This happens most of the time for countries that legalized the national lottery.
It's not far from other countries like the Philippines where many citizens are betting on the national lotto for the chance to win the jackpot. Heck, even the small-time lottery (Keno) is being played on a normal working day.
I don't know the numbers or amount of people who are betting on it but wherever you go in every corner of every city you will see a lotto outlet with people in queue to place their bets.
It became a habit or a traditional thing, especially for those who have their pet numbers. They don't want to miss one day or they will regret it if suddenly their pet number will comes out that day.
I don't understand it because for me it's a waste of money. The chances are way too low for me to consider betting and I'd rather play Keno in an online gambling site than the national lottery.

Gambling often gives someone a chance to win $1 to $1 million depending on a person's luck.  But don't rush into gambling with the intention of making millions of dollars  Because only one in a million people get something like that.  But on the other hand, people get addicted to this drug and lose millions of dollars. So gambling should not be used as a source of income and should be taken as fun only and a person should invest money in gambling only when he has some extra money that he does not currently need and will have an alternative arrangement for that money later.  Or should keep a gambling budget with which he will entertain himself only by gambling

Exactly, and that's why I said the information is not complete until we know how much bookmakers are also paying out daily. Knowing the both figures will let us analyze the and compare in order to know if their efforts is being fruitful. It's undoubtedly that majority of them are trying to escape poverty using gambling. Meeting physically with them at viewing centers and see how they are imagining what to do with the winning if it eventually happens justifies that. But sadly, it is a dream that is far from reality and unfortunately they are not aware. I doubt if they have gambling budget, some of these people don't even have stable and reliable means of income and that's one reason they still believe gambling will turn things around.

I don't think these people are relying on gambling to survive. That's not possible unless by gambling you mean that they're working in casinos or gambling houses. But if you mean that they're simply gamblers and they're getting their money for their basic day to day needs from gambling, that's definitely not true.

But poverty isn't a reason not to gamble. That's what I've learned from poor people themselves. Many poor people are gamblers. In fact, illegal gambling is more rampant in poor areas.

It is a mistake if they use gambling to earn money for daily needs because gambling will not give you wins more often and bigger than you think. Gambling will take all your money without any left, and even though you can win, the amount of your winnings will be smaller than the amount of your winnings, so you will still lose. Maybe there are still many people who gamble and use gambling to make money, but we don't know the truth.

The fact that illegal gambling is more rampant in poor areas is true because bookies want to give people hope that gambling can bring in a lot of money in a short time. But people should have realized that they also have a chance to lose in a short time.

I'll say opposite, not all are hardworking, some maybe hardworking and still have lost them jobs, some have been laid off and them rest sacked, some are living off bricklaying and then gambling.
Gambling does pays you know, but daily, millions of people lose a thousand Naira to gambling almost every second. I do think that all these gambling sites benefits from gamblers more than we benefit from em.

Lately, only those who stake high can also win. Finally, a large number of people gamble and those pastors who preach about and against it go online to take betting codes from punters.

This is quite worrying data because we know that Nigeria is a developing country where people do not have high incomes like people in developed countries. With the condition that there are 65 million people who gamble, this means that every day quite a lot of people spend their money just to gamble, rather than buying nutritious food for their children.
I don't blame people who gamble because it's okay to gamble, but when people with low incomes gamble, it's very sad to see. The government should be able to regulate gambling platforms there, so that with so many people gambling the country can squeeze more taxes from the gambling industry and these taxes can be allocated to more sectors to develop the country.

65 million people are engaged in gambling. so many if that's true. Is this number of people just focused on or dependent on gambling to have another source of income?

I know that the normal salary of an employee in the country we are talking about is very low. So, that means, I doubt that the 65 million people who are said to be engaged in gambling are really focused on just playing gambling. I am pretty sure that the majority of those 65 million are still finding other ways to get another source of income, as far as I know.

In this country, strange things really do happen. Some people will always say that it's just 100 naira, and if they calculate the money they waste on gambling, it might get them something better in life. Still, most people really see gambling as their hustle way of making money in life. They will still have other hardworking to be doing that can pay them, so they can come and use 100 naira and win 1 million.  ;D Many people depend more on gambling than anything else in life because they believe that they most win big money one day, their life continue spoiling. Not everyone who gamble depend on it; some people only gamble for short-term funs, and I don't think they will continue with it long. For some, it truly is their hustle. You will just hear, hustle is hustle and their money always waste. We usually complain that there's no money in the country's and see the large numbers of people who gamble every day.

Trust me, I never thought that Nigeria has that much population and they also have a big percentage of people betting. If all these people engaged in online betting surely there are more people not counted, crypto casino player are hard to track so probably they weren't counted in these statistics.
Now, in gambling industry people that were gambling with regular payment systems and banks are now going to crypto casinlos, I don't know if the users of crypto gamblers can be tracked and share their details for stats.

In our country, I never saw any statistics yet for the amount of people gambling or even how much money spent.

It is okay to improvise since the economic situation of the country is hard, but will you resort to settling on an income that is risky and not sure of the outcome, it certainly an outrageous number that needs to be controlled in the country. The young ones now depend much on gambling, mostly are men and women are now also engaging in gambling which is not a good one if they can’t control it. Checking from the statistics, one can conclude that at least a Nigerian is participating in gambling everyday which is not the case when looked into on a broader scale. I can’t say but I don’t think about 70% of Nigerians are involved in gambling, now in comparison with the total population of the country. Those that engage in it spend averagely a large amount of money in gambling and that’s what made the total money spent daily on gambling to be on a very big rise.

This is an official data , the data from the national lottery program of Nigeria and we find so many people are involved in it.

I was wondering If we combine all the private gamblings, the private bookies  and the online sites where the nigerians play, then this data and numbers will be huge. This also shows that gambling is a big business in Nigeria and anyone if open a casino can get a lot of revenue through this business.

I keep hearing a lot about Nigerian betting in this board for a while now. It makes sense since Nigeria has such a large population of gamblers. Or at least larger than many other countries.

There are other cultures and countries with huge betting cultures. Take Hong Kong for example, they have such an active gambling community that they even developed strict superstitious guidelines for gambling. Even the casinos try their best to make themselves seem lucky (grow certain kinds of plants outside the casino, have a certain number of pillars and so on).

But almost $1 Billion USD daily just for gambling? Damn. Thats $365 billion USD Nigerians could have used to develop higher living standards instead....

Great catch. I agree, it's hard to believe in this data. Stranegly, it's published by The Guardian, which has a decent reputation.

The only thing that comes to my mind which could be used to explain this is that there's a large wealth difference in Nigeria and while a lot of people work for minimum wage, there's also a large number of rich people and these are the ones who gamble. If you put together 1 rich guy and 100 poor people, the rich will be able to gamble away $1k and all the other 99 people will together gamble 0 dollars, but statistically all of them gambled away $10.

Anyway, they have a lot of problems on that continent. I've read that a lot of people in Uganda are alcoholics and now they say that a large population of Nigeria is gamblers. Then there's Somali pirates, poachers and thieves in South Africa and a person starts to think they're ever going to visit Africa.
For the record, I'm joking.

In a country where betting isn't regulated anyone can say anything. I do not believe the figures. How was the compilation done. I checked the link provided and there was no methodology provided. There are many sports betting websites many are indigenous and many are not. Did these websites give out this data for free or how? It's not just adding up. I know that the incidence of betting has increased but the figure seems to good to be true.

Just let them be on what are the things that they do really like to do, even if they would be spending some part of their salary then so be it, its impossible that they weren't aware about the potential risks of too much spending with gambling. Considering that Nigeria to be a 3rd world then you would really be asking some questions on how the heck did generate out much gambling revenue?
If they are really that having that kind spending then it is really showing that majority if its citizens are really into gambling on which despite of the earning capability or simply on how to get some income or having non big paying kind of job but still they are really that eager on playing gambling.

Well it isnt bad as long you are really that making yourself in moderation and wont really be that so impulsive or getting yourself that addicted because if you do then you would really be having that huge problem on this case. Imagine on how big they are really that spending on daily basis on online betting which excluded crypto gambling too.
So numbers wont really be that precise.

This was seems to be huge to my calculation,but some of my Nigerian friend had states me that.They had won the bigger winning in the recent days,So by considering that words.This may be considered to be the real one to me now,If I had heard like the news.I won’t accept this fact,but now their was possibility for the big money involvement.The sports betting alone mentioned by my friends on a call.Because the sports bet will give the maximum benefit,if you had choose the best player to your team.So based on the player performance,it was credited to your wallet as the winning dollars and you can enjoy using that dollar.

and also the main concern is who are those gamblers? we knew how hard living in Nigeria so if we are talking about
poor people here(in which I am not degrading or anything bad about Poor people but instead my concerns for them) and majority of that
gamblers are in their live so this is truly alarming , hoping that the government will act accordingly here or also the government is one of
those who are pushing players to gamble for their own benefits.
How can be politician to be trusted in this issue when like what you mentioned they are one of the most corrupt country
in the world so how can we rely them to act for the betterment of the people when we are talking about gambling?

Of course that will be far below what citizens spend on gambling because gambling sites are businesses and they will target profits and if gambling is legal in your country and the government has clear regulations then online or offline casinos will pay taxes so the government will know clearly how much the casino profits from the activeness of its citizens playing there, Countries that legalize gambling will find it difficult to restrain their citizens from gambling usually what will be done is to make rules to protect citizens from the impacts that can be caused by gambling.

Surely, they want big wins from gambling so they still gamble today. They may not think about losing but how they can win from gambling. However, they should be aware that relying on gambling to make money will not give them a big chance of getting it, but they will experience bigger losses. And if the government does not provide education about the dangers of gambling, people will not want to understand and will continue their gambling activities.

That's a very huge amount, I was even expecting it to be more than what they're giving us. But before they start dropping figures of money spent on betting, have they made any calculations of winnings customers are having in year, month, weeks and days? Have they try to know how much customers get in terms of winning?
To me the spending on gambling isn't close to the winnings because we have customers who stake high to win a larger sum of money and they're ready to do that every week and their winning percentage is, let's say 85-90%.
To me many people win more than some lose, and some people use betting or should I say gambling as a means of survival in Nigeria (not only in Nigeria but other countries) and is going well for them no matter how hard the economy is.

Wow that is a lot of money for one country alone. With a GDP of 440bn USD, I can't believe that they would bet so much money every single day on betting. Interesting would be also how much tax revenues the gambling industry generates for the country. Now I am wondering where all this money is coming from that people use for gambling. Maybe they people in Nigeria are more lucky and win higher amounts than in other countries? I would expect that a majority fo the 65m gamblers are regular customers and they must be funding their bets from somewhere. With such a large betting market there is probably a high level of competition among the bookmakers and casinos to attract new capital. Also shouldn't this attract international companies to invest in the Nigerian gambling market? It seems very lucrative and as long as the government doesn't want to limit the gambling exposure of the people I would expect that the share of people gambling even rises over time. I am not sure if people will actually rely on gambling to survive, or if they use as a form of entertainment to spend their money earned from their full time job.

Yeah, that's because you don't know, even the gamblers in the country have no idea, many could stop if they found out how much Nigerians are wasting on gambling everyday, and I don't want to blame anyone, the situations of things in the country is very bad, I remember the MMM Ponzi scheme days, do you have an idea how much was lost to this scheme in Nigeria alone? It's very massive, even people that I though are very smart end up participating in the scheme, but they hide like they have nothing to do with such nonsense until the Ponzi exit with peoples money.

Someone in my area said that Nigeria is filled with the fools becauSE they are easily scammed, he said he though the country is full of smart people and I told him that the struggle in the country is why people are falling into scams, when difficulty strikes too hard you will start hoping for better even from the wrong sources, that's when he calmed and said it's true, he is a indian guy who always believe that they are smarter than Nigerians.

I believe that the data OP provided is not accurate enough because gambling in the country is a must for the citizens, there is no job and things are very costly, believing in fantasy is the only option left, as those who have money are capable of living outside the country like most of my black friends who are now in Ghana.

Well, this is a pretty strong statistic regarding what Nigerians can do, I didn't know they spent so much, but that means that they like to have fun, I just hope that they do this type of fun in a healthy way so as not to fall in addiction, because to be clear about everything it would be regrettable that there are assholes going through that bad moment and I hope that is not the case, but based on the main statistics, it seems to me that it is quite strong and a high number, I believe These types of things are what we should see, now if all the statistical statistics are present, those of the casinos in general, even those that are not very legal but something like the black market, well, it is something that can be quite strong I would say that a lot is spent, and although Nigeria is a country that one day I would like to visit, especially for its people, since they are very happy, I like their football and their culture because I see that they know how to have fun.

Now when we take a short break and zoom in on this, we can see that people can have a high degree so that they can enjoy the best things in the casinos, the casino will always be a house full of fun and many things where Money is what makes the difference, in my case I would say that when it comes to doing something more like a static thing, what if people are happy , or what is their level of happiness in the country, at least in the part who are adults , can Consider themselves well served, because a casino does give happiness as long as it is played with great caution and taking care of the money you are going to spend , this is normal and it is something that we are always taking into consideration, to My it is the best that can happen, I believe that many good things can be done with the industry, as long as money is generated legally and taking the best of all the Conditions so that they do not fall into Addiction.

Doesnt matter on what GDP does a country have in relation into their citizens spending because we do know that it has nothing to do on someones capacity on playing up gambling which we know that it is really varying on someones capacity on doing gambling. Not all the time on which we do only see or check about counties condition about economical aspects on trying out to connect it out on someones
financial capacity but its not really that bad to assume out that most people arent really that financially stabled for us to tell that why they are really that a fan on spending out tons on gambling
if their earning is really just that enough on day to day survival? Trying out to make those amounts bigger and hoping for some huge wins? thats really a huge mistake to be done by someone.

Should we channel blames to the Government for failing to provide jobs for the youths who are frustrated and scouting out other means to survive in the country. There should be awareness about the system, we are humans and do make mistakes, so there are rooms for us to correct them and fall back to track on earning legitimately from the system. I'm not saying we shouldn't gambling but reduced it to one of the minimum points in gambling. Depending on gambling as the stable streams of generating income is an unwise decision because there will be time when one will struggle to reap profits and he or she will face losses as fate.

Actually, now I think about it, it would be relatively difficult to know how much a casino industry within a specific country like Nigeria profit, because I assume that casinos (like any other business) are discreet about whom they disclose their net earnings.
Casinos in countries where gambling is legal are not supposed to lie to the government, so I assume those in charge of managing the taxes are the only ones out the casino who know exactly how much money they won in a year.
There is also another possibly, if the casino is owned by private investors, then it would make sense they gather once a year at minimum to disclose among them the total profits of their business, the same way major share holders gather to discuss the future of publicly traded companies.
Since we do not have access to privileged information whatsoever, we can only guess on those figures.