Nigeria’s Betting Market Booms Amid Economic Struggles (2025)

Nigeria’s sports betting industry continued to expand rapidly in 2025, driven by economic hardship and digital innovation.

Reports indicated that the country hosts over 60 million bettors, with billions of dollars wagered annually, making it one of Africa’s largest gambling markets.

The rise of mobile payments and online platforms has made betting more accessible, while new products blend gaming with real-money wagering to attract younger users.

However, concerns persist over addiction, underage gambling, and weak consumer protection, especially following regulatory changes introduced after the 2024 Supreme Court ruling.

Analysts say the sector’s future will depend on balancing growth with stronger oversight and responsible gambling measures.