Sports betting in Nigeria today is one of the fastest growing industry. Since its entry into the country about two to three years ago, it is undoubtedly one of the fastest growing business industries contributing largely to the nation’s revenue drive and employment creation.
Sports betting is about people staking their money on the possible outcome of a sports event and expecting to make money if their predictions come true.
It is legal and well regulated by a number of government bodies and it appears to be making a bold statement, as a fast emerging industry in the nation’s economy, with great potentials in contributing financially into the economy growth.
Given the strong passion most Nigerian sports lovers have for football ,most bettors, commonly referred to as ‘punters’ in the industry place their bets on popular team and players in major leagues and football events around the world. Some of the commonly focused leagues and tournaments include English Premier League, Spanish La Liga, German Bundesliga FIFA World Cup, UEFA , and others.
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