Economic impact on sports betting in Nigeria

[GamblingBoy]

Because of the dwindling economic situation that has resulted in high unemployment situation in the country, many youths have resorted into sports betting as the primary source of earnings.
Both the adults and the underage are involved in it actively and passively. No other activities could pay them like gambling. They can be found in sports betting, lotteries, cards betting, video poking etc.
My concern is, if the economic situation is reversed and we now have better economy, would these youths reversed by desist gt

 

[Btaliat]

Economic activities cannot be better where the majority of the youth and working class focus more on gambling. Economic of a country can only be better if there are citizens that are working and not depending on gambling.

 

[Hasan77]

Sports betting has had a significant economic impact on Nigeria in recent years. It has emerged as a popular form of entertainment and gambling activity, generating substantial revenue and creating employment opportunities. Here are some key aspects of the economic impact of sports betting in Nigeria:

Revenue Generation: Sports betting has become a lucrative industry in Nigeria, contributing to the country's revenue through taxes and licensing fees. The Nigerian government imposes taxes on the profits of sports betting companies, which helps in generating revenue for public expenditure.

 

[ProGambler]

The sports betting industry has created numerous job opportunities. It has led to the establishment of betting companies and online platforms, which require staff for operations, customer service, marketing, and technical support.

 

[swift]

Yeah sport betting really have created more jobs obviously and have also fetch the government more Revenue in their making , there are some sport bettor that sees betting as one big opportunity to earn well enough