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Nigeria’s Gambling Growth Insider

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Without a doubt, when you hear about Nigeria, gambling is not the first thing that comes to your mind. Nevertheless, it appears that the country’s gambling industry is growing rapidly and it is estimated that in the next five years, Nigeria will become one of the fastest-growing African countries in terms of gambling.

 

Apparently, in Nigeria you can indulge on all kinds of betting, from the upcoming national lottery, through sports betting, to casino gambling, where you can play table games or you can choose between classic, video and progressive slots machines.

 

The multinational professional services firm PricewaterhouseCoopers (PwC) recently published a report titled “Gambling Outlook 2013-2017” and it did not focus on Nigeria exclusively, but also analyzed gambling data from South Africa and Kenya. The report features data from various gambling options in South Africa –  LMPs, sports betting, bingo, as well as the national lottery are taken into. Still, for Kenya and Nigeria, the report reveals statistics from casino gambling only.

 

As stated by PwC, Nigeria’s gross gambling revenues will increase by 16 per cent in the course of the next five years. What is more, Nigeria is to launch a nationwide lottery titled Quick Lotto, and former chairman of the Senate Committee on Capital Market Ayo Arise believes that the launch will generate employment and tax revenues.

 

Arise has collected data from various countries which have a national lottery and believes that for most countries the lottery is but a means to make the community more prosperous. In this respect, he states that Nigeria does not intend to behave differently. Arise  has stated that 20 percent of the profits from the lottery are distributed to the Federal Government which uses the money for good causes, “for the advancement and progress of this nation,” says Arise.

 

Fortunately, as we already said, Nigeria has other betting options and people do not need to wait for the lottery to launch in order to gamble. In fact, one of the most popular means of gambling here is sports betting.

 

Many betting companies have benefited from the football enthusiasm all across the continent, designing and deploying betting platforms every day. Fans can stake small bets and win big amounts of money, and this strategy makes sports bets incredibly popular among locals, both young and old.

 

As a matter of fact sports betting has become popular during the last decade. According to a KPMG report on Gambling in Africa, about 60 million Nigerians adults (18-40 years old) are into active sports betting. The common player would spend about 3,000 Naira (nearly $15) on sports betting. Proportionately, nearly 2 billion Naira is laid out on sports betting in Nigeria every day, which turns into nearly 730 billion Naira for a year. No wonder why betting shops can be spotted on almost every corner in Lagos and each day, new betting places set up shop.

 

The strategy of betting a small amount of money with the chance to score something big seems to be increasingly popular among young people. A poll revealed that Nigerians bet on football games every day not only because it is a way to make quick money, but also because it distracts people from high unemployment rates.

 

According to 2016 data, youth unemployment rates in Nigeria increased from 25 percent in the third quarter of the year to 25.20 percent in the fourth quarter of 2016. By comparison, the numbers averaged 19.20 percent between 2014 and 2016.

 

Nigeria has a good casino gambling business, too. What is more, the casino industry is expected to grow and turn into one of the continent’s largest casino industries in the following years. The bad thing about casino gambling in Nigeria is the fact that the system is largely unregulated and there are not enough licensed gambling venues.

 

The two gambling cities in Nigeria, i.e, the cities with a legal gambling facilities are Abuja and Lagos. Lagos is the largest gambling city in the country and it has 1 gambling facility, 10 table games, as well as 106 games, slots, and even video poker machines. However, games such as roulettes and coin flipping are prohibited in Nigeria.

 

Despite the fact that the physical casinos in Nigeria are but three, the on-line casino industry has shown rapid growth, ever since the first on-line casino was licensed in the country in 2013. Actually, gambling was banned across the country until 2004, but then the first officially sanctioned on-line lottery was launched (incidentally, that is also the time when the country’s casinos opened, too).

 

The year 2013 saw the establishment of the country’s first on-line casino. Initially, the casino featured only Roulette games. The market rapidly expanded and now Nigerians can access a wide range of international and sports casinos operators. Nevertheless, the country is still very strict on the topic and allows citizens to visit approved sites only.

 

Experts expect the on-line gambling industry in South Africa, Kenya and Nigeria to reach $37 billion this year and this has made the government to realise that the potential tax revenues from such an expansive business require proper regulation and should not be turned a blind eye on.

 

Nigerian authorities think that the strong regulation of the market will actually attract more people to on-line gambling sites and it will even help reduce corruption and criminal behaviour among the population.

 

Government has been trying to set new regulating laws and make gambling profitable for the country as early as 2014, but with little success. New licensing systems are needed, according to Lagos State Lottery Board, and FIFA’s Early Warning System believes that both operators and the government can benefit from one another, all they need to do is work hand in hand.

 

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Online Casino – Entertainment for Everyone

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Gambling became a way of life for many people. Every online casino now offers countless opportunities for having fun. You no longer have to travel miles away to visit the nearest land-based casino halls. Instead, just secure an Internet-connected device and relax. In addition, you can do that even if your budget isn’t that big. Stakes started from as little as a few cents. And still, you can count on an unforgettable experience.

 

Online casino development

In the beginning, online casino sites were not very impressive. They used to be poorly designed with just a few game options. Not very functional, too. Also, users regularly had issues with the connection, glitches and other unpleasant malfunctions. All that is in history now.

 

Modern gaming websites are masterpieces. You can find all the new technologies implemented. Hundreds of well-designed features complement the picture and make you feel like you’re on the right spot. Furthermore, graphics and sound effects are amazing. Many providers partner with other entertaining companies in order to use their intellectual property. For example, one of the leading game developers NetEnt is working closely with Universal Studios and already launched several amazing slot titles.

 

In addition, you can benefit from many additional services available in online casinos. Such as the extremely useful customer service department. You no longer have to waste hours trying to find information about certain questions you have. Most reputable companies are proud to offer a 24/7 available help desk. It could be live chat or hotline and is usually free of charge.

Moreover, the payment procedure is extremely simplified. You can make a deposit or cash out your winnings instantly. Also, by using many different payment methods. Besides bank cards and wire transfer, every reputable online casino offers trendy mechanisms like cryptocurrencies, Neteller, MyCitadel, Apple Pay or Android Pay and many others.

 

What’s inside?

Casino players love slots. And every gaming website offers dozens of brilliant titles for them to enjoy. You can find every possible genre from classic fruit spins to fascinating jungle or space adventures. It all depends on your personal taste.

Furthermore, there are many built-in features like wild or scatter symbols. When they appear bonus games are triggered. Thus you will get extra spins and better winnings.

 

When we are talking about online gambling we can’t miss all-time classics like poker, blackjack and real money roulette. Table games have been attracting gamblers for decades. Today, they are more immersive and exciting than ever. New technologies allow you to sit on your coach but feel like you are in a real Las Vegas lounge. All major obstacles were removed with the implementation of the live casino opportunity.

Moreover, new amazing variants of all live games have been already developed. Multihand Blackjack, Speed and Double-ball Roulette are just a small piece of them. Basic rules are the same but new versions are widening your horizons and allow you to get more at the same price.

 

Let’s not forget the eternal poker. That legendary game with all of its variations can lead you to a real fortune. Most live casinos provide paths to tournaments’ qualifications and finals. You can play for fun but if you have skills can get a wild card and seat on the high table. In addition, you have the chance to win big money. A good example is the World Series of Poker with a massive prize pool of over 80 million dollars.

 

Online casino promotions and incentives

 

Casino bonuses are another thing to consider before choosing our online casino. Most of the gambling platforms are trying to attract new players by offering juicy welcome packages and additional free spins. In addition, there are VIP programs if you decide to keep on one platform only. That is how companies are fighting for their existing customers. Competition in the sector is very tight and they can’t count on new players only. So it might be a good idea to make some online research before deciding where to make an account.

 

Remember though, the casino bonus scheme is lucrative but serves mostly the gambling industry. Wagering requirements are usually too heavy and in most cases, you will not be able to make a withdrawal. However, that’s an opportunity to try for free different titles and find each one suits you best.

 

Final words

Online casino games are truly an amazing opportunity. While we are busier than ever that’s a quick way to relax and why not make some extra money. Mobile applications put them right in your pocket. You get instant access with just a few clicks.

Sports fans can benefit even more because most online bookmakers offer both opportunities. You can enjoy the online casino section while waiting for the final score of the football match you bet on. Anyway, remember to be responsible and play for the fun in the first place!

 

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Safest Banking Methods to Use With Online Casinos

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As many people around the world continue to use online gambling platforms, there have been a number of issues surrounding online security when making payments. This has since been addressed by multiple online banking providers in working towards facilitating safe online deposit methods. In this article, we will be providing you with insight into our choice for the safest deposit methods as well as the pros and cons of each.

The Popularity of Online Casinos

As more and more of us begin to spend time online, the need for entertainment online has increased. Whether it be the reduction of online gaming platforms such as Steam or the growth in the number of online casinos, we have seen a huge surge in the popularity of online casinos in recent years. With a total of 14.4 billion pounds generated in the gambling industry alone in the UK in 2018-2019, this is proving a highly popular form of online entertainment. However, as this popularity increases, could we see another sudden surge of online casino games of this type? Or will the novelty begin to wear off with games of this type?

The Need for Secure Payment Methods

As this type of payment method has increased in popularity there have been some teething issues. One of the biggest issues has been the transactions of cash from online platforms. This is not only a pressing issue in terms of the operations of platforms such as this, but it is also important when it comes to the pressing issue of online security. As the number of people using these platforms has expanded, this has, therefore, become an issue that many online banking providers have been working to resolve.

What Are Options for Banking Methods with Online Casinos

When playing casinos online, you may be hesitant at first to share your bank details due to the risk of a security breach. This is, of course, a wise way to think when it comes to staying safe online. With most well known banks providing secure online deposit methods, many of us use these on a daily basis. There is no reason why online casinos should be any different. Most, have a prominent sections on their websites on how to deposit money safely using these methods whilst ensuring it is as secure as possible. Safe payments is a common concern among internet users and this has led to an increased number of secure deposit methods coming onto the market. To help you choose the right one for you, we have compiled a list of our top choices to help you deposit money and withdraw funds safely when online.

Pay Pal

Pay Pal is one of the most secure ways that you can both make secure deposits and withdraw funds. This can be assigned straight to your online casino account allowing a seamless connection between your banking information and your online casino account in a secure way.

However, there is a negative to this in the form of transaction information. As with most banking applications, there is a slight delay in the recording of deposits and withdrawals. Because of this, it is important to monitor your spending as this will ensure that you are not overspending in the long term. This is a simple solution to this common problem.

Visa

As an established company, Visa has been highly popular for those using several online casinos. This is because it has a number of benefits including fast set up, security, credit availability and convenience. However, with these benefits come some negatives to the service.

One of the biggest negatives to this service is the process of anonymity. When using this service every payment will have your name and personal information within it. This is something that may not cater to a majority of users as this can be a problem when it comes to online security. In addition to this withdrawing money is not always achievable. Therefore, it is important to ensure that you have an online casino available that can facilitate this form of online payment method.

Mastercard

Another popular form of deposit system is Mastercard. Much like Visa, this is a simple system that can be set up quickly. In addition to this, there are a total of four options that work with online casinos. Whether it is a credit card, debit card, pre-paid card or a gift card, these can all work with online casinos allowing for secure deposits with ease. There is a vast amount of security with this and many of ways to deposit and withdraw funds at every stage.

Apple Pay

Another payment method that has proved highly popular is Apple Pay. This can be used on a number of online casinos as well as casinos accessed on mobile devices. However, due to the nature of the payment method, it is restricted to just Apple devices. These types of casinos are limited at this time; however, they are beginning to grow in popularity. This, therefore, means that we will be seeing many more people beginning to take advantages of casinos such as this.

Bitcoin

Another form of deposit method that we are seeing increasing in popularity if the use of cryptocurrency. Though this is only in the beginning stages for some online casinos, this is perhaps the most secure way of making deposits. With a vast amount of encryption as well as private wallets, this is one of the most secure deposit methods out there. Not only does it keep your funds safe, but it also allows for all payments to be completely anonymous. Another key benefit of this is the speed of each transaction that is made. With a low cost per transaction and the fast transaction speed, this can lend itself well to the fast-paced nature of online casinos.

However, the biggest negative to this is the lack of casinos using this technology at this time. This can have a profound effect on the future of the industry, however, there are very little online casinos that can facilitate this at this time. However, as technology increases, we are likely to see several bitcoin casinos emerge.

With this in mind, several technologies are emerging at this time that can help to improve the security surrounding online transactions and the speed of each deposit. As these technologies continue to emerge, this will cater to a number of us using these online platforms, whilst helping to restrict these payment methods and ensure security at this time.

 

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The Tide News Cheltenham Festival Guide

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The Cheltenham Festival is almost upon us. It’s the annual horse racing pilgrimage where tens of thousands of punters gamble millions at National Hunt racing’s ‘Holy Grail’.

Over the course of four days the bookmakers and punters will compete in what has become a ‘them vs us’ battle, namely the cream of the Irish horse racing crop in a heads-up battle with the home defence.

Of course there is a dark cloud looming over Cheltenham 2020 with the very real threat of the Festival being cancelled due to the spread of coronavirus. Back in 2001 the Festival was cancelled due to an outbreak of foot and mouth disease and bookmakers are already speculating on this year’s event going ahead. Right now it is considered around 9/4 (approximately 30 percent chance) on the Betfair betting exchange that Cheltenham will be cancelled this year.

Let’s presume things proceed as planned, just how is the best way to experience the buzz of the Festival in 2020? For starters if the prospect of winning big for limited outlay excites you, you can enjoy Cheltenham free bets at freebets.co.uk which means you are guaranteed a lot of fun for nothing. But where will the big winners come from?  This is how we see it:

Banker Bet

 

Paisley Park won last year’s Stayers Hurdle and has done nothing wrong this term. Seeking to join a long list of back-to-back winners this winner of his last seven starts looks the banker bet of the 2020 Festival and the one to stick into your doubles and treble bets.

Each-Way Bet

At 6/1 Abacadabras is an each-way price because you will more than get your stakes back if he makes the frame but fails to win.

Owned by Michael O’Leary who runs Ryanair, Abacadabras has only been beaten once in his last four starts and in taking the Paddy Power Future Champions Novice Hurdle at Leopardstown looks capable of huge run in the Supreme Novice Hurdle, the opening race on the opening day of the Festival.

Big Race Winner

This year’s showpiece Cheltenham Gold Cup looks massively competitive. The home trained Santini is the bookies favourite.

Last year’s Gold Cup winner, Al Boum Photo, is well fancied in the betting odds at 7/2. But it’s the Irish trained Kemboy that makes the most appeal. He may have been slightly disappointing so far this year but he accounted for Al Boum Photo last May at Punchestown and might just be a ‘spring horse’ who shows his best form once the cold wet winter has passed.

 

 

 

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