60 million Nigerians gamble daily, valued at N500-600bn; 90% market untapped; new sports betting platform Woskybet emerges.

Approximately 60 million Nigerians engage in gambling daily, with the industry's value estimated at N500 billion to N600 billion, as stated by Michael Eja, Director-General of the Cross River State Lottery and Gaming Agency. The sector fosters job creation, wealth redistribution, and government revenue. Despite its growth, 90% of the market remains untapped. The new sports betting platform, Woskybet, aims to enhance the betting experience for Nigerians.

October 05, 2024
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