BETTING NIGERIA Sports bettors in Nigeria count losses as COVID–19 bites harder 3 years ago Iwo Bulski Post Views: 776 Following the outbreak and the subsequent spread of the deadly coronavirus disease (COVID-19) across the globe, most sporting activities were suspended while others have been cancelled outrightly. With the suspension or outright cancellation of tournaments in popular sports like football, tennis, basketball, revenue generation has naturally nose-dived for everyone involved sports at all levels and this include sports betting companies and the bettors. According to a report on Gambling in Africa published in 2016 by KPMG on sports betting in Nigeria, it was said that Bet9ja rakes in an average monthly turnover of $10m while the second player in the industry, NairaBet makes an average turnover of $3m to $5m with a 20-30% margin on profit. At the advent of betting in Nigeria, records have it that NairaBET was the first domestic online sports betting website in the country and opened up space for more betting companies to come on board. At the moment, Bet9ja, BetKing, Betway, MerryBet, SureBet, GoldenBet, Bet365, Betfair, 888sport, 1XBet, Betwinner, amongst several others have a dominant presence in the country. With the presence of these companies in the country, a report by Business Wire said the sports betting market is worth $2 billion. It was said that Nigerians reportedly spend a whopping 730 billion ($1,991,814.42) annually — 2 billion ($5,457.03) daily to bet. Prior to the pandemic, it was widely reported how some Nigerians won huge sums of money. In Benue, a 17-year boy was said to have won 43 million Naira on Bet9ja. There is also a story of Saheed Oniloyi and Olashile Ali who won together an overall sum of N8 million with a N400 stake. Arinze Cosmas Ezeanyanwu who worked as a truck pusher was reported to have won about 36 million Naira in 2017. However, not all the winners were lucky to enjoy their winnings as several reports have it that some were even murdered by friends in a bid to steal their winnings. (…) Read more: https://www.dailytrust.com.ng/sports-bettors-in-nigeria-count-losses-as-covid-19-bites-harder.html About Post Author Iwo Bulski Issues related to the gambling business is engaged in more than 30 years. My empirical experience gives me the opportunity to present events and companies from this business with full knowledge and industry knowledge. See author's posts Iwo BulskiIssues related to the gambling business is engaged in more than 30 years. My empirical experience gives me the opportunity to present events and companies from this business with full knowledge and industry knowledge. Facebook Twitter LinkedIn Email Print Tags: Nairabet, Nigeria, sportsbetting Continue Reading Previous Uganda – Fortebet gives COVID-19 task force huge boostNext Mohamad Salah joins a humanitarian operation because of COVID 19 More Stories BETTING NIGERIA The latest gaming trends in Nigeria 3 hours ago Szarlot BETTING NIGERIA Oxlade becomes a 1xBet Ambassador 3 hours ago Samuel BETTING KENYA How Betika is giving out 40 motorbikes to lucky winners 3 hours ago Szarlot EXPERTS NIGERIA GamStop And Responsible Gambling in Nigeria 1 day ago Szarlot BETTING ZAMBIA How to bet on Sport in Zambia – Tips for Beginner 2 days ago Szarlot EXPERTS NIGERIA Is the Cryptocurrency Noise in Nigeria Gradually being Silenced? 2 days ago Samuel BETTING ZAMBIA Betway Casino Taking Zambia By Storm 2 days ago Szarlot NIGERIA ONLINE Are Offshore Casinos Competing for a Share of the Nigerian Gambling Market? 3 days ago Samuel BETTING HOT NEWS SOUTH AFRICA Sports betting, turnover is growing but so are suspicious matches 6 days ago Iwo Bulski BETTING EXPERTS Is Long-Term Betting a Smart Investment Strategy? 1 week ago Szarlot BETTING KENYA MossBets Steps Up Virtual Gaming In Kenya 1 week ago Samuel BETTING NIGERIA Can Nigeria Return to the World Cup Finals in 2026? 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.