The National Lottery Trust Fund (NLTF) disclosed that over sixty-five million Nigerians actively engage in betting, spending an average of fifteen dollars daily.
The Lottery Trust Fund further stated that everyday fourteen million bet takes and payments are made online in the country.
Executive secretary of NLTF, Bello Maigari, made this known on Tuesday at the second edition of the biennial national gaming conference held in Lagos.
Guardian reported that he said Nigerians spend billions of dollars on betting each year, despite economic hardship.
“Currently, there are over 65 million Nigerians actively engaging in this activity, spending $15 on average everyday. It is on record, each day, 14 million bet takes and payments are made online in our country.
“It is expected to experience an annual growth rate of nearly 10 per cent to reach more than $366 million by 2027,” he said.
He therefore called on the Federal Government to create a framework that can encourage the betting industry to contribute taxes in the country.
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