BETTING NIGERIA Nigerian betting market valued at $2 b, 60 m people bet daily 10 months ago Samuel Post Views: 209 Harrison Ehiaguina, Chief Marketing Officer of newly launched Koretbet, an online betting platform has put the value of Nigeria’s bourgeoning betting industry at about $2 billion. Speaking in Lagos at an event to mark the re-launch of Koretbet and announcement of its partnership with Napoli football club in Italy, Ehiaguina said about 60 million Nigerians of all ages, but especially between 18 and 50 bet daily. Ehiaguina who was giving credence to the deepening trend of betting among Nigerians said betting like in other markets is a big industry. Describing betting as a source of distributing wealth, he said Nigerian youth is not adequately empowered in Nigeria. He said Koretbet is an indigenous firm and “everything Koretbet is correct”. He said that on Koretbet platform, there are many options for customers. “Whatever you bet, there is chance of winning “ – he said. Other innovations Koretbet is offering include live sports betting and it will soon introduce use of Crypto as betting currency or payment. Managing Director of Koretbet, Sylvester Odion, also spoke at the event, highlighting that the betting platform is powered by AI that analyses betting options and advises users on the probabilities surrounding their bets, reducing the risks of losing. Cubana Chief Priest who attended the event congratulated Koretbet on its relaunch and expressed his desire to partner with them for success. In response, Koretbet’s Chairman, Korede Adeyemi, expressed appreciation and looked forward to the partnership. Koretbet’s relaunch and partnerships signal a new chapter for sports betting in Nigeria, delivering enhanced odds, exclusive promotions, and a safer betting experience. Other management staff who were confident of Koretbet offering said that the firm is ready for competition and they have plans to go global. Source: businessday.ng About Post Author Samuel I am a journalist specializing in gambling in Africa and around the world. I am particularly interested in stories about games and casinos. See author's posts SamuelI am a journalist specializing in gambling in Africa and around the world. I am particularly interested in stories about games and casinos. Facebook Twitter LinkedIn Email Print Tags: Koretbet, Nigeria, sports betting Continue Reading Previous Betting firms warn proposed tax will drive up black marketNext How Big is the Crypto Gambling Industry in Nigeria? More Stories LOTTERIES NIGERIA Nationwide league signs N964m sponsorship deal, unveils technical partners 1 day ago Szarlot NIGERIA ONLINE Can Lagos become Africa’s gaming hub? 1 day ago Szarlot BETTING BURUNDI 1xBet supported women with albinism in Burundi 4 days ago Tools EXPERTS NIGERIA Africa Surges to Become Third Largest E-gaming Market With 186M Players 4 days ago Samuel BETTING NIGERIA PalmPay And BetKing Promote Responsible Gaming In Nigeria 4 days ago Samuel BETTING SIERRA LEONE Sierra Leone welcomes betPawa 4 days ago Samuel BETTING GHANA The captivating world of sports betting in Africa 5 days ago Samuel EXPERTS NIGERIA Binance executives detained in Nigeria 5 days ago Samuel BETTING IVORY COAST FL Entertainment eyes further African growth after revenue jump 6 days ago Samuel EXPERTS NIGERIA Binance Exits Nigeria, Government Launches Crypto Inquiry 6 days ago Samuel BETTING NIGERIA Should sports betting be banned or regulated? 1 week ago Szarlot EXPERTS NIGERIA The Future of Gaming Unveiled at AGE LAGOS 2024! 1 week ago Samuel Leave a Reply Cancel replyYour email address will not be published. Required fields are marked *Comment * Name * Email * Website Save my name, email, and website in this browser for the next time I comment. Δ This site uses Akismet to reduce spam. Learn how your comment data is processed.