BENIN ONLINE State of gambling in Benin republic 1 month ago Adeleye Awakan Post Views: 113 Republic of Benin formerly known as Dahomey is a West African country and the capital is known as Port-Novo. Which, gained independence on 1, August 1960, and became a Republic in 1990. During the colonial period and at independence, the country known as Dahomey; on 30 November 1975, it was renamed Benin, after the body water on which the country lies (Bight of Benin). As at 2019, its population estimated at 11.7 million people, and the majority of the population speaks Fon, Yoruba, Mina, Bariba and Dendi; but their official language is French. Gambling is legalized in the country and the 2002 act known asas Loi N° 2002 28 du Portant Réglementation des Jeux de Hasard, D’argent et de Paris en République du Bénin. Translated as “Law No. 2002 28 of 29 Regulating Gambling, Money and Gambling in the Republic of Benin,” this national gaming act permits licensed gambling firms to operate there. The bill allows gambling of different forms, including casino, slot, Lottery, Poker and both online and retail sports betting. The legal age of gaming in the country is 18 years. Following the law, Lottery is the biggest in the country while betting is technically a monopoly of the state. Still, cooperation with private companies is allowed-this means in effect, a licensing process. Licensed gambling facilities need to pay for the license, and the government, in turn, guarantees the security. Therefore there are varieties of online sports betting sites in the country some of them which operate retail gambling in the country such as 1xbet, Betway, Yellowbet among others. Sports betting which is fast growing in Africa and already holding sway in some African countries like South Africa, Nigeria, Uganda, Tanzania to mention a few; same cannot be said for Benin because online sports betting is having little or no regulation and being an underdeveloped country. With that in mind, punters are allowed to place wagers with different foreign bookies that they wish. However, there are reliable bookmakers in the country which bettors can wager on. Although the land-based sports betting sector in Benin has been on for quite some time now, there are still not many domestically licensed bookmakers offering online sports betting in Benin apart from the National Lottery. Additionally, the Lottery is legal in Benin; it brings in 45million CFA annually. It has its National Lottery called the Loterie Nationale du Benin, which means Benin National Lottery; it established under the National Lottery Act 2005 to regulate lottery activities in the country. The main job of the Commission was to regulate lotteries and the entire lottery business in the country. The National Lottery offers scratch cards, two categories of regular lottery (5/90), Sports betting and horse racing as well. Poker, on the other hand, is another form of gambling in the country, though not a lot of people play online poker. For a country so underdeveloped and lacking infrastructure; it has a surprisingly good internet penetration rate of about 21%. These means that about, 1.2 million Beninese can go online, though it does not come close to what other developed or developing African countries have currently. In all, it summed up that gambling is not at its a peak in Benin especially online betting, this is so because of underdevelopment and the high rate of poverty which is evident in the country. However, it’s not a depressing situation looking at the rate of internet penetration; it is only a matter of time for Benin to meet up with some of the prominent gaming industry in Africa. Adeleye AwakanAuthor E-play Africa, sports betting reviews, thoughtful leardership articles in Africa gambling industry, marketing gaming platforms in Africa with strong networking relationship with gaming operators in Africa, Expertise in PR, marketing communication, and consultant on gaming in Africa. Facebook Twitter LinkedIn Email Print Tags: Benin, gambling online, Loterie Nationale du Benin Continue Reading Previous Tsogo Sun hopeful online gambling will soon prop business upNext Secrets for winning at on-line casinos More Stories ONLINE Kenya’s Best Bitcoin Casinos 8 hours ago Peter Situma GAMES ONLINE African Fortune 1 day ago Iwo Bulski ONLINE WORLD NEWS Greentube expands in the UK with STS partnership 2 days ago Iwo Bulski NIGERIA ONLINE Bitcoin Casinos in Nigeria 2 days ago Peter Situma ONLINE The top four emerging iGaming markets 2 days ago Samuel GAMES ONLINE Arthur’s Gold from Gold Coin Studios 3 days ago Iwo Bulski 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. This site uses Akismet to reduce spam. Learn how your comment data is processed.