Gambling is big business in Nigeria, generating around N250 billion annually. Until now, the market has remained poorly regulated, a situation that is good for neither the country nor those Nigerians who participate in gambling activities.
The money spent on gambling continues to rise year by year, as more operators enter the market. Betting companies can expect to bring in around triple of what they spend, making it a very lucrative prospect. Although there are many licensed and sanctioned gambling providers in the country, much of the money spent goes to illegal casinos and bookmakers.Current legislation appears to be unfit for purpose, with a number of different gambling laws operating on state and national levels.
In addition, online gamblers can easily fall prey to rogue operators in the current circumstances. While many of the providers are fully licensed and safe, it is easy for unlicensed casinos and sportsbooks to find customers in an unregulated market. These sites often swindle their players with rigged games or by refusing to honor payouts.
Many of these rules focus on so-called responsible gambling, such as low limits on monthly deposits, casino bonuses restricted to a value of €100 per year, and no in-game betting on sports matches. As well as this, there are many specific rules about game functionality, such as the stipulation that a single spin on a slot game must last no less than five seconds.
May the soul of General Murtala Mohammed continue to be at peace. On assumption of office he barred all gambling and POOL houses. In the guise of revenue generation, betting houses are now common place even in our villages
Yes but the elites owes gambling platforms and they don’t play with their source of money. Gambling addiction have made the poor poorer!
Germany is the worst when it comes to gamble.........
The only winner in gambling is the house the customer is always the loser.
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Let Nigeria first of all Protect it's Citizens from Terrorists First before any other thing, Stop Clout Chasing. FreeMaziNnamdiKanu
Like corruption addiction?
Gambling is our only hope. Our leaders Dont care.
Like BrymOlawale said in one of his song:if u are old enough to have sex,you should be old enough to know what comes with
Dem never do better thing Na gamblers dem won protect?
I concur
I don't think so,as 18+,u should be mature to control things u do
Is that your main priority? How about you campaign for war against corruption? How about you campaign for capital punishment for corruption government officials? Have you bothered to check how much government makes from bookies?
Yes. Gambling addiction is one of the parasites feasting on our society.
I think so
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