The growing gambling trend among Nigerian youths

The problem of gambling among young people in Nigeria has become a concern for many parents. Nigerian teenagers often frequent casinos to participate in sports betting or slot games.

Many see this as a way to earn money, sometimes even as a primary source of income. However, this remains a concern for minors under the age of 18 in Nigeria. If they cannot control the time they spend playing and the amount they bet, it can easily lead to addiction, which has a negative impact on society.

According to statistics from the reputable betting site CasinoMentor Nigeria, about 66% of Nigerians bet on sports or gamble at least once in their lifetime.

Additionally, Statista projects that revenue in Nigeria’s online sports betting market will reach $294.20 million in 2024. This market is expected to grow at an annual rate of 6.45%, leading to an estimated revenue of $402.20 million by 2029.

Mr. Magnus Ekechukwu, Deputy Director of Public A”airs at the National Lottery Regulatory Commission (NLRC), stated that the commission is firmly against underage participation in any form of lottery gaming.

Ekechukwu explained that the commission’s rules and laws permit only individuals aged 18 and above to engage in gaming. He also emphasized that the commission disapproves of gaming addiction, even among adults.

“Our law does not encourage underage gaming; gaming starts from age 18. The National Lottery Act strictly prohibits underage gaming. This is outlined in our laws and the 2017 regulations, as amended, and it has always been part of the guidelines given to operators,” – he said.

He added that the commission periodically conducts media campaigns to educate the public on betting rules and regulations, as part of measures to discourage betting addiction and juvenile betting.

Gambling among Nigerian minors is a significant concern. While gambling itself is not illegal, it is important to note that individuals under the age of 18 are not permitted to participate. Therefore, the government and legislative bodies must enforce strict regulations on casinos to prevent underage participation. Regular monitoring and inspections should be conducted, and if casinos are found violating the law, they will face appropriate penalties.

The government advises Nigerians to engage in gambling only when they reach the legal age and to choose reputable betting sites. Additionally, it is crucial to be aware of the risks associated with gambling to avoid addiction.

Source: guardian.ng

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Szarlot

I am a fan of casino games especially roulette and blackjack. After that I analyze current events in the gambling industry.

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Szarlot

I am a fan of casino games especially roulette and blackjack. After that I analyze current events in the gambling industry.