These are exciting times for the Nigerian players and the online gambling industry in Nigeria as a whole. The economy is buoyant, the country boast of young minds and accessibility to mobile devices, and the internet are increasing by the day. All these factors combine to make Nigeria a breeding ground for online gambling. All the country needs is a few more years and Nigeria will become a world power in the online gaming industry. With online casinos like Novibet.com taking advantage of the massive betting market in the most populous black nation in Africa, Nigeria players can now enjoy the positive and exciting gaming experience.
Legality of Online Gambling in Nigeria
The legality of online gaming in Nigeria is very open as there is no legislation that prohibits online gambling activities in the nation. In other words, all forms of online gambling are allowed by the Criminal Code (1990). With free access to betting activities, Nigerian players are open to all manner of gaming choices ranging from sports betting sites to bingo sites, poker rooms, and online casinos.
Another form of gambling activity that is legal in Nigeria is the National Lottery which is regulated by the National Lottery Regulatory Commission The National Lottery Act regulates lottery betting in Nigeria but makes no mention of online gambling.
The fact that the laws of Nigeria restrict online betting in no way is one of the reasons why Nigeria will soon become a dominant force and a force to reckon within the online gambling industry.
Online Markets for Nigerian Bettors
Nigerian bettors are spoilt with several gaming and gambling choices. The online gambling market in Nigeria is very active and vibrant, growing at a very fast pace. Thanks to the persistent demand from the Nigerian youths, a large number of gaming platforms are seeking authorization into the Nigerian market.
The online gambling market in Nigeria can be classified into two:
— Online sportsbooks
— Online casinos
Nigeria is one of the African countries with an exceptional passion for sports. Football is another religion for millions of the population of the country. This has naturally led to the growth of sports betting in the country and sports betting is now the top gambling activity in the nation.
Sports betting is the king of all betting activities in Nigeria and football betting is the most popular of them all. Nigerian bettors wager on all manner of football competitions ranging from the domestic NPFL to all matches involving the Nigerian national teams. The crème of football betting in Nigeria is the European leagues betting market, with leagues like the EPL, Spanish La Liga, Serie A being the top recipient of the bets.
Online sports bookies are readily available to Nigerian bettors. The betting market in Nigeria is saturated with both domestic and international operators. This has made Nigeria the hottest betting destination for football betting platforms.
But things are gradually changing as online casino gaming is gradually gaining market in the country.
Online Casinos in Nigeria
Online casino gaming was introduced into Nigeria in 2013 when NairaGames.com was launched. This gaming platform did not survive the hard times and closed down quite early. The online casino market in Nigeria has no established domestic player, unlike its sports betting counterpart. The massive demand by Nigerian players for new operators has increased the number of established brands making their way into the market. Some players also wager at reputable offshore sites.