Post
Topic
Board Gambling discussion
Re: Why the Reluctance?
by
Sunderland
on 22/04/2024, 15:35:24 UTC
Sports betting is not illegal in my country. According to some key gambling and betting statistics1,2:
  • There are over 60 million active gamblers.
  • $2 billion is spent on gambling everyday
  • 53% of people in my country bet at least once per day. Our population is around 200 million people.
  • There are 14 million bet stakes and payments that are made over the internet every day
  • and others

We are actually a gambling nation and the market is highly profitable. I wonder why despite these statistics, yet some sport betting and casino sites haven't taken advantage of it. As I conducted my research, I noticed that some casinos don't offer or no longer offers their services to people in my country. There are other countries with similar situation too. And it begs the question: why the reluctance? Such hesitation seems out of place in a country where gambling is legal.


Because the foreign/local online casino must obtain a license from the Nigeria gaming commission before they are able to operating in Nigeria.
and:
Quote
The legal games are lottery, land-based casino, and sports betting. Roulette, dice games, and non-skilled card games are illegal.
Source: https://en.wikipedia.org/wiki/Gambling_in_Nigeria

Perhaps that is a reason why some of the casino providers dont want to apply/extend a license there, because live casino games, original games and maybe slots too are considered illegal there.