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Similarly, gambling has become a growing trend amongst young Nigerians aged between 18 — 35 years, who accounted for the highest proportion of Nigerians who engage in the practice. Furthermore, in terms of active participation, 36 percent of those polled admitted that they personally engage or have family members who engage in betting; with more than half of this group of respondents 53 percent engaged in daily betting.
In addition, the poll highlighted that people prefer betting platforms that offer timely redemption of winnings, favourable odds on games, reputation for prompt payment and are easy to use. Analysis across geopolitical zones shows that the South-West zone recorded the highest prevalence 92 percent while the North-East zone had the lowest prevalence 58 percent.
Betting has become a growing trend among youths in the country as the findings also revealed that those aged 18 — 35 years accounted for the highest proportion of Nigerians who engage in it. The chart below showed that a large majority 77 percent stated that gambling is prevalent in Nigeria. Residents from the South-West zone 92 percent had the highest prevalence, while the North-west zone 57 percent recorded the lowest prevalence.
Interestingly, analysis by age-groups shows that those aged between 18 — 35 years recorded the highest percentage 79 percent of respondents who stated that betting in Nigeria is prevalent. The poll also sought to measure the proportion of Nigerians who are involved in betting; and analysis revealed that nearly 4 in 10 Nigerians 36 Percent actually engage in some form of betting and those aged between 18 — 35 years accounted for the largest proportion 41 percent of Nigerians in this category.
This finding is in line with the report from News Agency of Nigeria NAN which stated that Nigerians aged years are most likely involved in betting . On the contrary, a larger proportion of the respondents disclosed that they do not engage in or have a family member who engages in betting.
It is worthy to note that some of these respondents may outrightly refuse to disclose their participation due to societal stigmatization. Sadly, according to the respondents, this trend is driven by the quest for quick money, unemployment, greed and economic hardship amongst others.
However, our concern is that while gambling may serve as an avenue to pool surplus funds from the economy for savings and investment purposes, the side effects of this practice on the population, especially youths may have a negative multiplier effect on the country. Gambling has been found to be quite addictive and can stimulate further social vices if not properly managed.
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Yes, the National Lottery Regulatory Commission oversees the licensing and regulation of online sports betting in Nigeria. Nigerian players of legal age 18 and over are free to enjoy everything that online sports betting has to offer. If you should choose a Nigerian betting site then ensure they have a licence to operate their services in Nigeria. With so many sports betting sites appearing on the scene we know it can be difficult to distinguish a trustworthy betting site.
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