Why gambling is on the rise in Nigeria’

Technological advancements and introduction of new gaming products are responsible for gambling among Nigerian youths, a study has revealed.

The study by between Gamble Alert and Gamban (UK) discovered that the escalation of gambling, particularly among young men underscores  the urgent need  for prevention

In the collaborative efforts between the two agencies, a comprehensive study was conducted to assess the prevalence of gambling in Nigeria and the accessibility of treatment services to combat problem gambling. 

This trend has raised significant concerns regarding heightened exposure to violence and abuse among individuals grappling with gambling problems. 

The Nigerian betting industry, valued at over $2 billion in 2020, has attracted both domestic and international investors. 

Offering diverse gaming options such as sports betting, lotto games, and even predictions for national elections, the industry contributes to job creation and government revenue.

 

However, it also poses substantial risks of addiction, financial strain, and adverse social consequences.

The research, conducted across Nigeria’s six geopolitical zones, focused on variables including socioeconomic characteristics, betting activities, gambling harm, and awareness of treatment services. 

Notable findings include a concentration of gambling among respondents aged 26-35, followed closely by the 18-25 age group. 

Regional disparities, with the North East zone having the highest concentration of punters in the North, and the South West zone leading in the South.