{"id":54341,"date":"2017-11-20T16:31:57","date_gmt":"2017-11-20T15:31:57","guid":{"rendered":"https:\/\/buzznigeria.com\/?p=54341"},"modified":"2018-02-18T22:04:21","modified_gmt":"2018-02-18T21:04:21","slug":"the-current-state-of-gambling-in-nigeria","status":"publish","type":"post","link":"https:\/\/buzznigeria.com\/the-current-state-of-gambling-in-nigeria\/","title":{"rendered":"The Current State of Gambling in Nigeria"},"content":{"rendered":"
The West African nation of Nigeria may be best known as having Africa\u2019s biggest economy and being the world\u2019s 12th largest producer and 8th largest exporter of petroleum, but it is also very well known for its long-time love affair with gambling which mainly comprises sports betting and pools , charity-based lotteries and selected land casino games.<\/p>\n
In fact, Nigeria\u2019s overall gambling market is expected to exceed US$60 million by 2018.<\/p>\n
Although this figure pales in comparison with fellow African gambling-loving nation South Africa (which generates in excess of US$1.5 billion in gambling revenues per year), it is still notable considering that Nigeria currently only has a total of 3 licensed and regulated land casinos when compared with South Africa\u2019s 38 dotted across its nine provinces.<\/p>\n
Add to that how Nigeria\u2019s gambling laws, rules and regulations can best be described as needing a major overhaul. For example, gambling in Nigeria still falls under the country\u2019s Criminal Code Act and Gaming Machines Act of 1977, neither of which make allowances for online or mobile casino gambling, which is on the rise as a result of new entrants into the market<\/a>.<\/p>\n