Casinos, Gambling, Gaming in Nigeria

Casinos, Gambling, Gaming in Nigeria are conducted in accordance with laid-down legislation on gambling that is referred to as ‘lottery’ in most jurisdictions, which collectively determines the types of gambling permitted in the country. The legal elements of gambling are determined at two levels: nationally and individually among the 36 states that make up the Nigerian Federation.

Consequently, gambling is designed to encompass different elements of gaming in each legislation.

At the national level, the National Lottery Act defines gambling to include any game, scheme, arrangement, system, plan, promotional competition or device for the distribution of prizes by lot or chance, or as a result of the exercise of skill and chance or based on the outcome of sporting events or any other device which shall be operated according to a licence. The gambling licences granted by the National Lottery Regulatory Commission (NLRC) include, but are not limited to, the following:
• charitable lottery;
• online lotteries;
• promotional lottery; and
• sports lottery.

Without a doubt, when you hear about Nigeria, gambling is not the first thing that comes to your mind. Nevertheless, it appears that the country’s gambling industry is growing rapidly and it is estimated that in the next five years, Nigeria will become one of the fastest-growing African countries in terms of gambling.

Apparently, in Nigeria you can indulge on all kinds of betting, from the upcoming national lottery, through sports betting, to casino gambling, where you can play table games or you can choose between classic, video and progressive slots machines.

Nigeria has one of the largest population of youths in the world with a median age of 18.4 years of age. The average Nigerian youth is expressive, self-confident, vocal and a socialite amongst other positive characteristics.

More so, the burgeoning trend of online usage by Nigerian youths keeps them up to date with current youth-cultural trends around the world, which sports (especially football) are one. The betting industry in Nigeria is worth well over an estimated USD$ 2 billion.

The country’s economy is open to foreign participation and allow 100% foreign ownership in majority of the sectors.
These are just some basic information on Casinos and Gambling in Nigeria and at Webhaptic Intelligence Agency we can help in organizing and arranging ample and useful information on Casinos and Gambling in Nigeria

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