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20 Licensed Sports Betting Companies in Nigeria

Last Updated on November 19, 2021 by Ope Quadri

There is no gainsaying that Nigeria has most lovers of sports across the African continent. With an active supporters’ club to the funfair the add to any sporting events, Nigeria is the target for any betting firm that wants to make cool money.

A whole lot of monies are made every day by sports enthusiasts. Sports betting has now become a hobby for some Nigerians. Are you ready to also catch up on what’s happening in the world of betting? Here is a list of government-certified betting firms in Nigeria.

The beauty of it is that you can place a bet online right on your mobile device, most of them also have Mobile Apps.

In a data released in 2019, it’s revealed that Nigerians spend over 730 billion Naira annually on sports betting and at least two billion naira is generated daily, a recent analysis by naira metrics says.

If you look at the number of sports betting coming up every day in Nigeria, you won’t be surprised that such a huge amount of money comes in through online sports betting.

They are certified by the National Lottery Regulatory Commission (NLRC), which is the Federal Government’s agency regulating the activities of lottery and betting in Nigeria.

Functions of the National Lottery Regulatory Commission (NLRC)

NLRC was established by the administration of former President Olusegun Obasanjo through the National Lottery Act 2005.

It sanitizes the growth of the lottery industry in Nigeria.

The function of the National Lottery Regulatory Commission are:

  • Setting Standards
  • Protection of Players
  • Witnessing of Draws
  • Vetting of Lottery Adverts
  • Enlightenment Campaign
  • Licensing of Lottery Operations
  • Clampdown on Illegal Operators
  • Independent Verification of Winners
  • Vetting of Lottery Licence Applicants
  • Collaboration with Enforcement Agencies
  • Information on Lottery Business Opportunities
  • Overseeing Statutory Remittances to the Trust Fund

So, what are the registered online sports betting companies in Nigeria? The essence of this post is to guide you on where to put your on.

NLRC-Licensed Sports Betting Companies in Nigeria

As of the last count, there are close to 50 sporting companies in Nigeria, but we’re going to give a list of 20 of them that are registered and regulated by the National Lottery Regulatory Commission (NLRC).

AfriBet

Its registered business name is Africa Betting Company Nigeria Ltd while its trade name is AfriBet.

It’s one of the best online sports betting companies in Nigeria where sports lovers can also play other exciting betting products on sporting events, horse racing, live betting etc.

AfriBet makes payment as quickly as possible and its customer support makes it easy for customers to lodge a complaint.

Bet9ja

Co-founded by Ayo Ojuroye and Kunle Soname who is its CEO and chairman respectively, Bet9ja has become a household name in sports betting in Nigeria.

It has sponsored major programmes and talent shows in Nigeria. It was the major sponsor of the 2020 Big brother Naija

It’s registered under the Corporate Affairs Commission (CAC) with KC Gaming Ltd as an online bookmaker company that offers to bet on major sporting events operating in Nigeria.

It is also licensed by the Lagos State Lotteries Board (LSLB) with permission to operate in other parts of Nigeria.

Naijabet

Registered under Naijabet Limited, NaijaBet.com is certified by the appropriate authorities: both CAC and National Lottery Regulatory Commission.

Sportynet

Registered under the name Sporty Internet Limited, may not be as popular as other big players in the sporting betting industry in Nigeria, yet SportyBet is one of the reliable online sports betting companies in the country.

iBet

iBet is one of the sports betting companies. It is also registered to operate in Nigeria under Promoserve Inter Links Ltd.

Betway

Registered under Digi Bay Limited, Betway is licensed by the Lagos State Government and FG’s NLRC.

Its operation cuts across other African countries. It’s a trusted and reliable online sports betting company in Nigeria.

Nairabet

Eager to deal with another trusted betting firm online? NairaBet is another household founded by Hon. Akin Alabi under Over the Top Entertainment Ltd.

Licensed Sports Betting Companies in Nigeria Oloye Akin Alabi

 

It makes betting easy with its guide articles to show newcomers around its official website.

BetLion

Registered under the company name “VisaTech Limited” LionsBet is exciting online gaming and betting brand that offers one of the largest selections of online virtual games, and sports betting pre and live matches.

Blackbet

During the compiling stage of this list, I actually stumbled upon Blackbet and was forced to do a dig on its activities.

I found out that the company registered under Blackbet Ltd has notable people as advisors.

With its fabulous customer support, BlackBet is not a pushover in online sports betting company in Nigeria.

Betking

With an ex sensational footballer Austin JJ Okocha as its ambassador (it’s rumoured that he’s also the co-founder, but we can’t independently verify this claim), BetKing continues to expand its coverage with its growing number of agents across the country.

It is certified by the necessary regulatory agencies.

Company registered name: SV Gaming Limited

1XBET

1XBet makes betting simple..plus its fantastic customer support when we put it to test. Less than 40 seconds a customer support agent came on to take to guide me.

Interested in being one of the partners of iBet, you can do this through its affiliate programme if you want to make extra cash.

Registered business name: Beaufortbet Nigeria Limited

With its powerful design, ixbet is one of the most trusted sports betting companies in Nigeria, where you are also free to choose the language you want to be served with.

Premier bet

Popularly known as “babaijebu,” this list would be incomplete without premier bet founded by Chief Adebutu, a ‘silent’ billionaire from Ogun State.

Registered business name: BIA Stellar Solutions & Concepts Ltd

BetPawa

The registered business name is Calgary Online Limited, betPawa.ng is licensed by the Lagos State Lotteries Board and the FG’s lottery commission.

It makes a deposit and withdraw funds, electronically using an ATM card or in cash so easy for its customers.

Cloud Bet

CloudBet may sound strange to those who haven’t taken their time to check out the list of licensed sports lottery companies in Nigeria.

It is a fully licensed and regulated company by the National Lotteries Regulatory Commission to provide the best bets on the prediction of the gaming, sporting as well as socially significant events in Nigeria.

CloudBet is registered with CAC with the name, “Interactive Gaming Solutions Limited”

Wrapping up

We urge you to go through the terms and conditions before placing bet on any of the above online licensed sports betting companies in Nigeria. It is also very important to note that you can report any kind of sharp practices to the regulatory agencies.

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