'My biggest loss is almost 150,000 naira:' How online gambling took over Nigeria

24-year-old Nigerian Nkechukwu Ike-eze has poured all his savings into betting. But where did it get him and what's his story?
Across Africa, many young people believe sports betting is a quick fix to their money problems. In Nigeria alone, there are over 100 betting companies making millions! The lack of regulation and taxation is draining bank accounts and pushing young people towards addiction. But some argue that it's simply a hobby which gives young people an adreneline rush.
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[@RasChinoh]

Come to my city Nairobi,they are setting shop for betting and closing other businesses

[@DWThe77Percent]

That's an interesting revelation

[@chaggawarrior]

Gambling is evil. Don't fall for the trap.

[@mr.mathenge]

Governments needs to literally place a 60% tax on gambling companies, with the condition of "Pay the tax or leave" because society can definitely do without these companies, the provide more problems that benefits in my view.

[@TititoDeBologay]

The african continent is the last frontier for betting companies. Especially online, since a large amount of young africans are smart phones users. Most governments enable it, get grease money too.

[@DWThe77Percent]

Interesting