The Nigerian Lottery Regulatory Commission regulates online gambling and online sports betting in Nigeria. Bookmakers are required to get a licence from the commission before starting operations. These licenses are typically expensive for the bookmakers, and lucrative for the regulators.
There is no restriction on Nigerians to play online on either foreign or local platforms. However, many forms of marketing is forbidden for those operating without a local license.
Typically, the regulator allots licenses for 5 years at a time – which is enough for a bookmaker to engage with the market. Below, we have a full list of those betting shops that operate in Nigeria with a federal license.
In addition to the federal license, individual states can give licenses. For Example Paripesa has a state license.
A List of The Legal Online Betting Shops in Nigeria
1. 1XBET NIGERIA
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Legal Betting Shops FAQ
Are these all the legal bookmakers in Nigeria?
Yes! However, many other bookmakers allow you to play, and you can usually withdraw to international accounts, credit cards, virtual wallets (like Paypal) and coin accounts.
Why do you want to play with a legal betting shop?
A legal betting shop is regulated by Nigerian authorities. This means that their marketing is controlled, but foremost that they will be punished if you file a complaint against them (which you might do if your withdrawal does not work).
Why doesn't every bookmaker have a license?
Licenses are subject to regulatory pressure, and a license fee is required. This fee may vary. Also, some bookmakers are simply not to trust due to their financial background.
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Your Guide to Choosing the Best Betting Sites in Lagos
If you know Liverpool will beat Arsenal, that’s great. But you can earn a lot more by simply choosing the best bookmaker – the one with the best odds. Betting with 1XBET will give you highly competitive odds!
Almost all sports betting sites offer free giveaways for new accounts. They give away monay – but they will throw you out if you earn too much money (they will pay you, but they will also close your account). But keep in mind – online brokers usually offer better odds than offline brokers.