The Four Ways Nigerian Gaming Industry is Rolling Ahead in 2021
Last year though due to Coronavirus pandemic there was a drastic change in the way punters across the globe played games. Online casinos emerged as the one ultimate source for gaming destination. Online betting sites too were on the rise. Nigeria too saw sudden changes and it had an impact on its gaming industry. Here are the four ways Nigerian Gaming Industry is Rolling Ahead in 2021 too keeping in view of the past years introduction to many new technologies and betting programs for players.
1. Latest technology
Technology plays an important role in the gaming industry’s continued boom globally and in Nigeria. According to a BBC report, one-hundred million Nigerians are able to access the internet, “with new subscribers logging on in the last quarter of 2019.”
According to All Sports Predictions, a foremost sports forecasting company in Nigeria, winnings paid out by out by some of the online casinos and sports betting companies run into hundreds of millions of naira in 2019 which was an indication that the sector has been adopted by Nigerians as a viable alternative to make an income.
This means any Nigerian can now easily get access to the online or internet gaming and play games online with real Naira or play at social casinos for free. At least 83% of Nigerian citizens have smartphones and thus it also makes sense that Nigerians can now use their smartphones and mobiles easily for gaming and betting.
Earlier there were only three indigenous companies taking the risk to explore the possibilities of sports betting in Nigeria, the industry now boast of over 20 registered operators as the effort of the indigenous companies has paved the way for major global bookmaker brands to come into the industry and up the stakes. Today, the industry stands as a multi-billion naira industry and the fastest growing industry in Nigeria.
The potentials of the online casino game is yet to be explored with millions of naira to be won and hundreds of fun games to play, it will be a matter of time before Nigerians begin to take advantage of what is on offer and make a big deal of it just has it has been done with sports betting.
2. Gambling Regulation
Last year Nigeria saw that regulation for gaming and gambling started to be introduced. This scrutiny of new and updated policies – legality and tax – enabled businesses that could thrive to thrive. Not only that, but the handing out of license also enabled customers to trust businesses and the industry. Many gaming brands are now in the tie up with offshore online casinos to offer punter games.
Online gambling in Nigeria is regulated by the Nigerian Lottery Commission. All bookmakers are required to obtain a license from the gaming commission before operating in Nigeria. Nigerian law does not mention online space and there is no restriction for the people to reach local or foreign gambling sites.
Lately leading African operator Sahara Games has rolled out a full omni-channel solution with next generation platform provider Pronet Gaming.
The innovative offering, which made its debut in Uganda, Kenya and Nigeria. This includes both new online sportsbook and casino, as well as retail, platforms that feature their own UI and UX.
Pronet Gaming’s full suite of sportsbook solutions includes 35,000 live events a week, full and partial cash out, live match tracker and statistics, fast, accurate data, and a full risk management service to provide Sahara Games’ sports-mad customers with all they could want.
Its online casino content includes a catalogue of over 6,000 slots, table games from nearly 70 of the world’s best performing studios, and number games that are tailored to specific African markets.
3. Sports Betting
With the popularity of England’s Barclays Premier League and the upcoming AFCON where Nigeria is to play, amongst other sports like basketball, athletics, and boxing, sports betting is a major player in Nigeria’s gaming industry. Many online casino and betting sites also have popped up offering tips, predictions, and breaking news about upcoming matches and events. There’re reportedly sixty million Nigerians who are active in sports betting. Annually, this market generates almost two billion dollars, which is about ten percent of Nigeria’s 2020 national budget. That’s a very high figure. Not only has technology increased access to sports betting sites and safer means of depositing money, but it also increases access to international sports, to check scores and watch matches.
There is also major investment in Nigerian esports from the country itself, with the Ministry of Youth and Sports Development supporting the endeavour, and a governing body called Esports Nigeria. It is not just a case of wanting to be competitive globally, to show up to events and finish towards the top, but Nigeria wants to be the esports hub of Africa.
At least 40,000 people in South Africa follow online or participate in eSports tournaments as fans. It’s a small number compared to the global fandom of 400 million people. But eSports could soon mushroom into a prominent sector in Africa’s second-biggest economy.
In early 2020, Nigeria hosted a PUBG mobile competition, where teams from ten African nations played for a prize pool. Esports is a major commitment though. It is like anything: there needs to be conditions in which players can play and improve: casually or professionally.
All these ways are sure to cultivate that environment and prosperous conditions and form an integral to continued improvement and success in Nigeria’s gaming environment. Interested in playing games online or wanna do sports betting; join here now.