Welcome, Guest: Register On Nairaland / LOGIN! / Trending / Recent / New
Stats: 3,173,128 members, 7,887,264 topics. Date: Friday, 12 July 2024 at 05:11 AM

What Are The Most Popular Gambling Payment Options In Nigeria? - Nairaland / General - Nairaland

Nairaland Forum / Nairaland / General / What Are The Most Popular Gambling Payment Options In Nigeria? (483 Views)

Amazon Zip Pay: Empowering Online Shopping With Flexible Payment Options / Personalize Your Tesla: Customization Options In The Tesla Accessories Aftermark / A Very Clean And Sound Direct Lexus RX350 For Sale With Full Options In Good Con (2) (3) (4)

(1) (Reply) (Go Down)

What Are The Most Popular Gambling Payment Options In Nigeria? by moonknight(m): 1:07pm On Sep 30, 2022
Gambling has long been a popular activity for players around the world. From the earliest games of chance to more recent innovations in casino gaming, such as real-time internet-based gameshows, the industry has both evolved dramatically and remained comfortingly familiar over the decades. The rise of technology and the ever-increasing reach of the internet, however, has begun to change the very face of the gambling industry. Online operators are now more popular than ever, and the way players interact with their favorite games has shifted from an in-person activity to something that can be done from the comfort of their own home.

What are some of the changes this shift has brought to the gambling industry? One of the most common of them is the abundance of payment options that have sprung up around both in-person and internet-based casino operators. Let’s take a look at popular gambling payment options in Nigeria and decide which one of them might be the best choice for you.

Land-based casinos
Gambling was not always possible in Nigeria. In fact, even slot machines were illegal in Nigeria outside of licensed casinos until relatively recently. In 2004, the Casino and Gaming Law of Lagos State put gambling back on the market, followed closely by 2007’s creation of the National Lottery Regulatory Commission. Despite these milestones in gambling progress, online gambling remains difficult to find in Nigeria. As of the time of writing, it is illegal for anyone within the country to operate or own online casinos. This ban does not extend to offshore accounts, so it’s important for Nigerian players to seek out reputable, fast-paying online operators.

In light of the laws regarding online gambling in Nigeria, land-based casinos and lotteries are where the vast majority of the gambling occurs in person. There are three primary land-based operators in the country:

• Federal Palace Hotel and Casino (Lagos)
• Le Meridien Eko Hotel & Casino (Lagos)
• Transcorp Hilton Abuja (Abuja)
Of these locations, only the first and last offer slots. Le Meridien instead focuses on poker and table games, with the provider offering more than a dozen different types of traditional casino games.
In order to take advantage of these in-person gambling locales, Nigerians must travel to the casino when they want to play their favorite games, which means having plenty of money on hand as they try their luck. As you might expect, this means that the most popular gambling payment methods in Nigeria at in-person casinos are debit cards and cash.

Cash
Cash is the most popular way to pay in Nigeria. When citizens shop at stores or visit restaurants, they will generally settle their bills with cash money instead of card payments about 75% of the time. Thankfully, this payment method is accepted at most major casino providers, too, such as those listed above. Nigerians can pull cash out before visiting the casino in order to play their favorite games hassle-free.

Debit cards
Debit cards are a common payment method used around the country for many different activities, and the gambling industry is not an exception. This kind of payment option makes it easy to withdraw funds on an as-needed basis rather than carrying around a large number of physical bills. The only potential downside to debit cards is that they must be used with ATM machines. Sometimes, casinos do not offer these terminals, which means players will need to leave the establishment to get additional funds.
It should be noted that while debit cards continue to be used at land-based casinos in Nigeria, recent spending limits have made their use all but impossible for online payments. If you are interested in diving into online operators, you will need to pick a different method.

Internet-based casinos
Internet-based casinos are an increasingly popular type of operator that allow players to play their favorite games from the comfort of their own homes. Online casinos are still a relatively new gambling option in Nigeria, but i-gaming, in general, is becoming more popular as the economy strengthens. Many users find online casinos to be superior to in-person options for a few different reasons, not the least of which is the wealth of payment options they offer.

Cryptocurrency
Nigeria has been dubbed by Bloomberg as the nation “most curious” about cryptocurrency, with more people searching for information about crypto and how to use it than anywhere else in the world, according to a [url=https://www.bloomberg.com/news/articles/2022-08-10/the-most-curious-nation-about-crypto-is-nigeria-study-shows?leadSource=uverify%20wall]2022 report[/url]. It should come as no surprise, then, that Nigerians are quick to pay for online goods using cryptocurrency when possible, and a number of popular online casinos accept the payment method.

Digital wallets
Have you ever paid via PayPal or ApplePay and been grateful for the easy process? If so, online casino players are in luck. Some online operators offer digital wallets as a valid payment method. From PayPal to Skrill and everything in between, this payment solution is a great way to access funds quickly and safely without putting your bank account at risk. The most popular e-wallets in Nigeria are KongaPay and PayPal, in that order, although they only account for roughly 10% of Nigerian digital payments.

Cash
This might not sound like a real option, but we promise it is. It is not as easy to play using cash at online casinos as it is at land-based operators. However, with a bit of persistence, it can be done. Perhaps the most common method is to use a card such as PaySafeCard which allows you to deposit funds at certain locations in the real world and automatically transfer the balance to your online casino account. Gas stations, for example, often offer cash terminals that can do this.

Indeed, when it comes to gambling in Nigeria, playing in-person is often the easiest way thanks to the ease of using cash to pay. However online operators are an increasingly appealing choice. Whichever your choice might be, keep the information above in mind and start playing your favorite game today.

1 Like

Re: What Are The Most Popular Gambling Payment Options In Nigeria? by snuffly: 10:00pm On Sep 30, 2022
The online casino is a great way to spend time. After watching Olympia Casino Review, I got the chance to gamble from the comfort of your home environment. Most real casinos have a dress code and special rules of conduct. When you play online, you create your own rules, having fun in the environment you choose, as long as you have access to the internet and a computer. Promotional bonuses and free games.
Re: What Are The Most Popular Gambling Payment Options In Nigeria? by robertgarutt: 12:30am On Mar 03, 2023
Hi gathering individuals, I as of late evaluated the https://indianapps.bet/cricket-ipl-betting-apps/ application and needed to share my contemplations. In general, I viewed the application as easy to use with a smooth plan and simple route. The application offers various games to wager on with serious chances and live streaming choices. Furthermore, the application gives a scope of installment techniques for stores and withdrawals, including well known e-wallets.
Re: What Are The Most Popular Gambling Payment Options In Nigeria? by AndreasNirkovus: 12:10pm On Jan 05
Hello community members, I recently tested the application at https://aviator-game1.com/casino/aviator-1win/ and wanted to express my thoughts. Overall, I found the application to be user-friendly, featuring a sleek design and straightforward navigation. The app provides a variety of games for betting with competitive odds and live streaming options. Additionally, it offers a range of payment methods for both deposits and withdrawals, including popular e-wallets.

(1) (Reply)

Finpadi: Be Pragmatic; Borrow, Transact And Invest. / Nigerian Army Promotes 52 Brigadier Generals, 70 Colonels— FULL LIST / What To Know About Travel Insurance: How Much Does It Cost And Is It Necessary?

(Go Up)

Sections: politics (1) business autos (1) jobs (1) career education (1) romance computers phones travel sports fashion health
religion celebs tv-movies music-radio literature webmasters programming techmarket

Links: (1) (2) (3) (4) (5) (6) (7) (8) (9) (10)

Nairaland - Copyright © 2005 - 2024 Oluwaseun Osewa. All rights reserved. See How To Advertise. 22
Disclaimer: Every Nairaland member is solely responsible for anything that he/she posts or uploads on Nairaland.