Is online gambling legal in Nigeria?
Yes, betting in Nigeria is regulated by both – the Lagos State Lotteries Board and National Lottery Regulatory Commission. Nigerians can also take advantage of internationally based bookies, as long as they hold a valid license too.
Is it safe to bet online in Nigeria?
Betting online in Nigeria is safe, however, bettors must only sign up and bet on sites that are licensed and regulated.
How do deposits and withdrawals work in Nigeria for online betting?
Nigeria’s online betting system is rapidly progressing and improving. They have a few e-wallet services available like Click2Pay and PaySafeCard.
Is mobile betting available in Nigeria?
Absolutely. The growing popularity of sports betting in Nigeria is largely dependant on the success of mobile betting. The ease with which anyone with a handheld device can place a bet is what has led to the rapid rise in the number of Nigerians placing sports bets on a regular basis.
Which are the popular sports for betting in Nigeria?
Nigeria is synonymous with football (soccer). They love their local leagues but the English Premier League is the most popular and no surprises there. There are lots of Nigerians who have been successful in the world’s biggest domestic football league.
Basketball is also loved by Nigerians. They keenly follow the NBA followed by tennis, rugby and cricket.
Are winnings from betting taxable?
The taxes payable on winnings varies from state to state in Nigeria. This amount, however, is never a significant amount.
Is the sports betting market fairly regulated in Nigeria?
Yes! Sports betting is well regulated throughout Nigeria. Bettors should have no concerns when it comes to the fairness of sports betting markets in the country.