Nigeria: 5 important sports betting companies in Nigeria

Sports betting is a favourite pastime for many in Nigeria, and online bookmakers are also growing in popularity, with a host of platforms now battling it out for the attention of interested customers.

The likes of Bet9ja, NairaBet, sportyBet, MerryBet, BetKing and a host of others are already making it big in the Nigerian market. These betting sites, besides the bonuses they offer, also invest heavily in adverts and publicities. The growing popularity of some of these top betting firms has however, made it seemingly impossible for Nigerian bettors to notice those that are upcoming, thus, not so popular, Eve. Though they give equally good bonuses and cash-out offers.

Below are some of the competing companies in the Nigerian betting market:


Launched in 2014, and licenced by the Lagos State Lotteries Board, betBonanza offers pre-match betting, live-betting, crazy combos with as many selections as a bettor wants on a single ticket.

The betting site covers all the major sports like Football, Basketball, Baseball, Tennis, Ice Hockey, American Sports, and many more.

According to Adekunle Adeniji, betBonanza’s Managing Director, betBonanza is looking at adding contested political elements like the State and Federal elections to its betting platform.

One distinctive and attractive offer that the platform provides is the ‘Cash Out’ option, which allows customers to cash in their earnings before game ends.

With former super Eagles and Everton player, Daniel Amokachi as brand ambassador, the sports betting firm has since gotten over 400 active agents across the country.

Betway Nigeria

Like other international brands, Betway Nigeria is known for providing exceptional sports betting services that are made even more worthwhile by exclusive bonuses and promotions offered on the regular. Besides having a super diverse sportsbook, Betway Nigeria also offers a casino platform where arcade gambling enthusiasts can also have the grand opportunity of betting on the games they cherish the most.

Betway Nigeria provides a wide range of betting odds for sports such as football, cricket, rugby, tennis, basketball, baseball and so much more. The betting company gives customers / bettors the option of betting on the games before they happen and as they happen; live betting.


Lovingbet is one of a few betting sites in Nigeria that’s actually based in the country and focuses specifically on Nigerian bettors.

One thing that the bookie has going in its favour is its friendly offers to Nigerian customers. Lovingbet offers Nigerian bettors a chance to deposit and play in Naira and use the best available banking methods to do it. Lovingbet offers a 100% bonus on first deposit plus bonus on accumulated bets. You can also place bets on a match or games that have already started or still in-play.


Founded by some Corporate Investors in 2018, with head office at Banex Plaza, Abuja, Betfarm offers a 100% bonus on first deposits. Another selling point of this betting firm is its cashout option, which helps to reduce the risk of losing a bet.


Founded in 2016, Lionsbet earned her reputation as a result of her sports betting and virtual markets. With all services available on multi-platforms, including web, mobiles and tablets, the betting company provides a good number of promotions for both new and existing customers.

Headquartered in Victoria Island, Lagos, Lionsbet holds a full gambling license from the Lagos state lotteries Board. The sports betting company offers customers a 100% matching bonus on all opening deposits up to a maximum of 100,000 Naira. According to the Bookmakers, both deposits and withdrawals are processed free of charge, while the time frame taken will depend on the method selected by the customer. The majority of deposit options allow for immediate payments, while withdrawals take between 1-7 days in general.


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