This is quite worrying data because we know that Nigeria is a developing country where people do not have high incomes like people in developed countries. With the condition that there are 65 million people who gamble, this means that every day quite a lot of people spend their money just to gamble, rather than buying nutritious food for their children.
I don't blame people who gamble because it's okay to gamble, but when people with low incomes gamble, it's very sad to see. The government should be able to regulate gambling platforms there, so that with so many people gambling the country can squeeze more taxes from the gambling industry and these taxes can be allocated to more sectors to develop the country.
Topic: Nigerians spend $975m daily on online betting - page 2. (Read 581 times)
Recalled that Nigeria population is estimated to be around 200+million and from the information above, over 65 million people are engaged in gambling on a daily basis amounting to over 32% of the country population. With the recent economic crisis and hardship affecting almost all the nations, if large number of people are spending this much on betting, can we say that they relied on gambling to survive?
But, I think we need to know how much betting sites are paying out daily too, so we can make comparison.
These gamblers don't rely on gambling as their main source of income. Many Nigerians are hardworking and strong and can do low-paying jobs to survive. They only see gambling as an alternative source of income. The harsh economic conditions are forcing many people to put more money into gambling hoping that they can get some financial benefits. I don't think any data shows how much Nigerians have won or cashed out from gambling. But have seen news outlets reporting how some gamblers won big. I am sure many people are benefiting from gambling because they would have stopped betting if it was not beneficial. But, I think we need to know how much betting sites are paying out daily too, so we can make comparison.
I'll say opposite, not all are hardworking, some maybe hardworking and still have lost them jobs, some have been laid off and them rest sacked, some are living off bricklaying and then gambling.
Gambling does pays you know, but daily, millions of people lose a thousand Naira to gambling almost every second. I do think that all these gambling sites benefits from gamblers more than we benefit from em.
Lately, only those who stake high can also win. Finally, a large number of people gamble and those pastors who preach about and against it go online to take betting codes from punters.
I don't think these people are relying on gambling to survive. That's not possible unless by gambling you mean that they're working in casinos or gambling houses. But if you mean that they're simply gamblers and they're getting their money for their basic day to day needs from gambling, that's definitely not true.
But poverty isn't a reason not to gamble. That's what I've learned from poor people themselves. Many poor people are gamblers. In fact, illegal gambling is more rampant in poor areas.
It is a mistake if they use gambling to earn money for daily needs because gambling will not give you wins more often and bigger than you think. Gambling will take all your money without any left, and even though you can win, the amount of your winnings will be smaller than the amount of your winnings, so you will still lose. Maybe there are still many people who gamble and use gambling to make money, but we don't know the truth.But poverty isn't a reason not to gamble. That's what I've learned from poor people themselves. Many poor people are gamblers. In fact, illegal gambling is more rampant in poor areas.
The fact that illegal gambling is more rampant in poor areas is true because bookies want to give people hope that gambling can bring in a lot of money in a short time. But people should have realized that they also have a chance to lose in a short time.
I don't think these people are relying on gambling to survive. That's not possible unless by gambling you mean that they're working in casinos or gambling houses. But if you mean that they're simply gamblers and they're getting their money for their basic day to day needs from gambling, that's definitely not true.
But poverty isn't a reason not to gamble. That's what I've learned from poor people themselves. Many poor people are gamblers. In fact, illegal gambling is more rampant in poor areas.
But poverty isn't a reason not to gamble. That's what I've learned from poor people themselves. Many poor people are gamblers. In fact, illegal gambling is more rampant in poor areas.
We can only associate the term survive if these people are actually winning but we know the odds of winning in lotteries or any gambling form.
It should be, the large number of people there are relying on gambling on their dream to escape poverty and become rich.
But look, these people even have a budget for gambling. We can assume they are really eaten by the thinking that gambling is the only way to become rich.
It should be, the large number of people there are relying on gambling on their dream to escape poverty and become rich.
But look, these people even have a budget for gambling. We can assume they are really eaten by the thinking that gambling is the only way to become rich.
Exactly, and that's why I said the information is not complete until we know how much bookmakers are also paying out daily. Knowing the both figures will let us analyze the and compare in order to know if their efforts is being fruitful. It's undoubtedly that majority of them are trying to escape poverty using gambling. Meeting physically with them at viewing centers and see how they are imagining what to do with the winning if it eventually happens justifies that. But sadly, it is a dream that is far from reality and unfortunately they are not aware. I doubt if they have gambling budget, some of these people don't even have stable and reliable means of income and that's one reason they still believe gambling will turn things around.
if large number of people are spending this much on betting, can we say that they relied on gambling to survive?
It should not be like that. If it is like that and they are relying on gambling, gambling sites that they are using will be very happy because they will make more money from them. I guess that most people that will be gambling among the 32% will be 80 to 95% men.Gambling should be for fun, not a way of making money.
This happens most of the time for countries that legalized the national lottery.
It's not far from other countries like the Philippines where many citizens are betting on the national lotto for the chance to win the jackpot. Heck, even the small-time lottery (Keno) is being played on a normal working day.
I don't know the numbers or amount of people who are betting on it but wherever you go in every corner of every city you will see a lotto outlet with people in queue to place their bets.
It became a habit or a traditional thing, especially for those who have their pet numbers. They don't want to miss one day or they will regret it if suddenly their pet number will comes out that day.
I don't understand it because for me it's a waste of money. The chances are way too low for me to consider betting and I'd rather play Keno in an online gambling site than the national lottery.
It's not far from other countries like the Philippines where many citizens are betting on the national lotto for the chance to win the jackpot. Heck, even the small-time lottery (Keno) is being played on a normal working day.
I don't know the numbers or amount of people who are betting on it but wherever you go in every corner of every city you will see a lotto outlet with people in queue to place their bets.
It became a habit or a traditional thing, especially for those who have their pet numbers. They don't want to miss one day or they will regret it if suddenly their pet number will comes out that day.
I don't understand it because for me it's a waste of money. The chances are way too low for me to consider betting and I'd rather play Keno in an online gambling site than the national lottery.
It is sad to see that economic conditions are not good and still people pouring such big amounts into gambling daily which can be used for the betterment of the society and solving some financial issues as well.But the great percentage is involved in gambling related activities which is also issue and we can say that the people want easy money through gambling or trying their luck to get rich.But according to me it's not the right way and reports revealing such big amounts is concerning.
Well we can also say that to those scammers and cyber criminals that live in war torn Ukraine, they still have that time to steal from someone when their country is at war. So the economic conditions are not going to improved anytime though and perhaps those who are losing this big amount of money doesn't really care about what is going around their surroundings.
They might have the wrong mentally from the outside, but who can blame them if they have the money to begin with? Maybe they work very hard to earn that and so they want to enjoy their life thru gambling so we can't blame them for that.
It is sad to see that economic conditions are not good and still people pouring such big amounts into gambling daily which can be used for the betterment of the society and solving some financial issues as well.But the great percentage is involved in gambling related activities which is also issue and we can say that the people want easy money through gambling or trying their luck to get rich.But according to me it's not the right way and reports revealing such big amounts is concerning.
But, since when the economic conditions have became good? 
. I wouldn't say that people are just relaxing, playing gambling to ease that problem because the amounts involved are indeed pretty serious. There is something wrong with that. It could be that people sees gambling as a way to solve those economic problems. It's the individual's money combined and not only from the people in the government if they are also betting, so I won't say those amounts can be used better to improve the society and solve issues related to it. It's still better though if they have a control. Maybe their personal problems won't escalate anymore.
if large number of people are spending this much on betting, can we say that they relied on gambling to survive?
We can only associate the term survive if these people are actually winning but we know the odds of winning in lotteries or any gambling form.
It should be, the large number of people there are relying on gambling on their dream to escape poverty and become rich.
But look, these people even have a budget for gambling. We can assume they are really eaten by the thinking that gambling is the only way to become rich.
That's totally alarming considering the total population of Nigeria 225,600,039 as of November 2, 2023 coming from the source below.
https://www.worldometers.info/world-population/nigeria-population/
So let's do the match, that's 65m/223m = that's 28% of population are into gambling. Well, I tell you, this pecentage is too high considering some of the 225m population are minors or kids, or women, which the rate of gamblers is really high. And here's another interesting numbeer from OP>
And as per data below, it's minimum wage is.
So they are gambling more than what they earn? That's unbelievable.
https://www.worldometers.info/world-population/nigeria-population/
So let's do the match, that's 65m/223m = that's 28% of population are into gambling. Well, I tell you, this pecentage is too high considering some of the 225m population are minors or kids, or women, which the rate of gamblers is really high. And here's another interesting numbeer from OP>
Quote
spending an average of $15 daily
And as per data below, it's minimum wage is.
Quote
39.289 USD/Month
https://take-profit.org/en/statistics/minimum-wages/nigeria/So they are gambling more than what they earn? That's unbelievable.
- The minimum wage in the country of Nigeria is very small, let's say 40 dollars a month. It will be really difficult for you to survive if that is your only source of profit, especially if you are a middle-aged person. So I will not be surprised if most gamblers in Nigeria think that gambling is a source of income because of their scenario.
That means the government also has a lot of money coming in. If 28% of the human population there spent 15 dollars per day, that's quite a lot. If only most of the government officials in Nigeria were not corrupt, maybe at least the economy of Nigeria would be good.
Its understandable that they are really hoping for some jackpots to changed up their lives but we know that it is really that too absurd on having that kind of consideration
on which you are really that making yourself engage with gambling because of that kind of anticipation or expectation towards gambling which is really that bad.
If they are really that generating that such revenue or generation of overall gambling wagered then it does signify that there are lots who are addicted to it.
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The number of Nigerians who gamble on a daily I think is too disturbing to learn of and the figures they spend is just too much for a country where millions of people are struggling to feed daily but then again, it's nobody's right to detect how am adult should spend his money.
The hash economic crises in the country has forced a lot of Nigerians especially youths to gamble regularly in search of easy means of making money but unfortunately for most of them, they end up losing their money.
Mate, I know that the money is very significant, but what we must also know is that the money is not just from one of two persons. Nigerians have a great population, and I also think that some of them who are wasting that sum of money ($15) per day, it could be that it's the money that they are winning from gambling that they are still using to gamble.
You are right, though. I think the economic situation in Nigeria is harsh, and that's why we have the majority of the youths who are gambling every day just to win some money to make ends meet, and this is the reason why we have that sum of money, as in OP's. This is just a way to enrich those casinos.
Data from the National Lottery Trust Fund (NLTF) has revealed that over 65 million Nigerians actively engage in betting, spending an average of $15 daily. This is just as it disclosed that everyday, 14 million bet takes and payments are made online in the country. continue reading here....
It is not just about so true random statistical figures here and there to allow the public the question is what the hell is the government of that country doing about this. After publication of this figure what steps have been taken to curb this fast-rising pandemic because that is how I see it. If this amount of money is spent daily on online betting what is the psychological cost on the nation? What is the psychological cost on the menfolk because they would have more population of gambling men than women.The economy is not to blame 4 days rise in gambling. Shouldn't we blame the government of a country when they have no concrete measures in place to prevent her citizens from gambling like their lives depend on it? Shouldn't we blame the government of a country when there are no regulations guiding operating and online betting business in the country?
Something definitely needs to be done ASAP.
that would be hard for these politicians because they are known be one of the corrupt countries. their people have been in gambling and we can't rely on these politicians to act on this alarming rate in their gambling sector. maybe, a lot of them are also in gambling. who knows?
am not familiar with how their government programs are addressing this matter. but i guess, they have other pressing matters that they are taking care of.
Data from the National Lottery Trust Fund (NLTF) has revealed that over 65 million Nigerians actively engage in betting, spending an average of $15 daily. This is just as it disclosed that everyday, 14 million bet takes and payments are made online in the country. continue reading here....
It is not just about so true random statistical figures here and there to allow the public the question is what the hell is the government of that country doing about this. After publication of this figure what steps have been taken to curb this fast-rising pandemic because that is how I see it. If this amount of money is spent daily on online betting what is the psychological cost on the nation? What is the psychological cost on the menfolk because they would have more population of gambling men than women.The economy is not to blame 4 days rise in gambling. Shouldn't we blame the government of a country when they have no concrete measures in place to prevent her citizens from gambling like their lives depend on it? Shouldn't we blame the government of a country when there are no regulations guiding operating and online betting business in the country?
Something definitely needs to be done ASAP.
With the recent economic crisis and hardship affecting almost all the nations, if large number of people are spending this much on betting, can we say that they relied on gambling to survive?
But, I think we need to know how much betting sites are paying out daily too, so we can make comparison.
But, I think we need to know how much betting sites are paying out daily too, so we can make comparison.
Well, we can't only say that they are people who are relying on gambling for survival; $15 is not really a huge amount to gamble off in a day, depending on how much the person is earning from their job. Let's assume we have a significant number of people who are only dependent on gambling. This means that they usually make a win and can cash out or redeposit their cash out to gamble more. For example, some can gamble with $15 today and luckily win more than that. If he or she decides to cash it out, they can do so and also deposit some money back the next day if they decide to gamble again.
The hash economic crises in the country has forced a lot of Nigerians especially youths to gamble regularly in search of easy means of making money but unfortunately for most of them, they end up losing their money.
Data from the National Lottery Trust Fund (NLTF) has revealed that over 65 million Nigerians actively engage in betting, spending an average of $15 daily. This is just as it disclosed that everyday, 14 million bet takes and payments are made online in the country. continue reading here....
Recalled that Nigeria population is estimated to be around 200+million and from the information above, over 65 million people are engaged in gambling on a daily basis amounting to over 32% of the country population. With the recent economic crisis and hardship affecting almost all the nations, if large number of people are spending this much on betting, can we say that they relied on gambling to survive?
But, I think we need to know how much betting sites are paying out daily too, so we can make comparison.
Recalled that Nigeria population is estimated to be around 200+million and from the information above, over 65 million people are engaged in gambling on a daily basis amounting to over 32% of the country population. With the recent economic crisis and hardship affecting almost all the nations, if large number of people are spending this much on betting, can we say that they relied on gambling to survive?
But, I think we need to know how much betting sites are paying out daily too, so we can make comparison.
This was the biggest news,because the Nigeria was not the biggest country to manage this much money to the gambling sites.So the reason for this was due to the people opinion towards the gambling.Now the Nigerians consider the gambling will lift them from the poor life,it was the biggest reason behind the gambling involvement by the gamblers.I had hear some of my Nigerians friends had won the big money from the sports betting in the recent days.So the gambling was suitable one for the poor economy like the Nigeria,So it will suits all the country people into the gambling.When you compared the money to the population,the money was not more to the population in gambling.
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With the recent economic crisis and hardship affecting almost all the nations, if large number of people are spending this much on betting, can we say that they relied on gambling to survive?
But, I think we need to know how much betting sites are paying out daily too, so we can make comparison.
But, I think we need to know how much betting sites are paying out daily too, so we can make comparison.
Well, we can't only say that they are people who are relying on gambling for survival; $15 is not really a huge amount to gamble off in a day, depending on how much the person is earning from their job. Let's assume we have a significant number of people who are only dependent on gambling. This means that they usually make a win and can cash out or redeposit their cash out to gamble more. For example, some can gamble with $15 today and luckily win more than that. If he or she decides to cash it out, they can do so and also deposit some money back the next day if they decide to gamble again.
It is sad to see that economic conditions are not good and still people pouring such big amounts into gambling daily which can be used for the betterment of the society and solving some financial issues as well.But the great percentage is involved in gambling related activities which is also issue and we can say that the people want easy money through gambling or trying their luck to get rich.But according to me it's not the right way and reports revealing such big amounts is concerning.
I don't believe that the chase for easy money is the issue that those Nigerian have taken to gambling, no it is not their fault. It is the fault of government that has not provided good environment and social amenities for macro and micro businesses to grow. If you don't have electricity in the country then no business will thrive but those existing will close up to other countries, so maybe that could be the real situation and reason for people to go into gambling but that is not the right direction to source for income. However, Nigeria is not the only country with high rate of gambling activities and some countries with organized social amenities also gamble because it generates good income for the government.
Because I am observant of the number of gamblers around me and how much of the gambling activity is going on around me I can see that this figures stated as the amount spent by Nigerians daily on online gambling can be correct because I have even witnessed people who have no idea about a game but are willing enough to use their money on another persons prediction just so that they can have an opportunity to win. The economy is hard right now so I think the many Nigerians have taken it as a way to make money, and a way to give themself hope that they're making moves to make money.
If the economy has gotten to this that people now depend on gambling win it is too bad. My advice for people is that they shouldn't put much expectations on gambling and thinking that they can make money from gambling, it can make one to be addictive by investing much on gambling. Gambling is still unpredictable, people should be careful. Hard economy shouldn't be a reason why people want to make gambling a means of making money, it could end up to cause bad effects on gamblers and it can also make people to lose money in gambling more than what they expect. Even with the difficult economy, I think gambling should still remain a game people must play for fun and not to make money by all means which is against winning in gambling.
It is sad to see that economic conditions are not good and still people pouring such big amounts into gambling daily which can be used for the betterment of the society and solving some financial issues as well.But the great percentage is involved in gambling related activities which is also issue and we can say that the people want easy money through gambling or trying their luck to get rich.But according to me it's not the right way and reports revealing such big amounts is concerning.
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