Gaming has long been popular the world
over, but the classic casino games of blackjack, poker, roulette, craps, and
slots, continue to gain ever more followers, especially in Nigeria. Previously,
Nigerians have traditionally enjoyed land-based lotteries and sports gaming,
but things are changing.
In the 1990’s, the country saw new policies
and legal structures put in place to regulate the gaming markets. Changes to
the 1990 Criminal Code Act allowed multiple forms of gaming to be officially
legalised. The government recognised
this was a way to generate considerable tax revenues for the country, while
also ensuring a safer and more reputable gaming environment for players to
enjoy.
In Nigeria, the online games market is
expected to generate a revenue of over US$185m by the end of 2024. With an
estimated annual growth rate of 6.88%, that figure is expected to reach US$226m
by 2027.
Reasons behind gaming growth in Nigeria
Culture change
The changes to Government regulations have
created a cultural shift in attitudes towards gaming. Today, online gaming is
no longer frowned upon as an anti-social activity, instead it is considered a
normal and fun way to spend leisure time.
The success of the gaming industry has not
only increased tax revenues, but driven job creation and economic growth. This
thriving sector has brought growing innovation and investment, and helped
modernise the economy with new skills and technology.
Spread of the Internet
Without the internet there would be no
online gaming boom. Therefore, the rise in internet penetration across the
country has had a significant impact on the spread and popularity of games such
as online slots.
In 2022, the estimated number of internet
users in the country was 83 million, and continuing to increase year on year.
By 2027, the number of internet users is expected to increase to around 48% of
the population (approximately 110 million), giving even more Nigerians the
ability to experience online gaming.
Smartphone Penetration
Having a smartphone means online gaming is
available to users anytime and anywhere they want. No more waiting for your
favourite game, travelling to a physical casino, or having to worry about
opening times and dress codes.
Today’s gamers can choose to play their
way, including from the comfort of their own home. And as smartphone
penetration continues to increase, the popularity of online gaming will
continue to grow too.
There are an estimated 170 million mobile
subscriptions in Nigeria, but only around 20 percent of the population actually
uses a smartphone. The majority of mobile users in the country still use
“thick” mobile phones that have no internet connection.
However, that number is rising and in 2027,
around 51% of all internet users are expected to access the internet, and
online games, through a smart phone.
Game Choice
Classic casino games such as blackjack,
roulette, poker, and craps, are amongst the most popular online choices for
many players. But the most successful online game of all, is slots. With
impressive graphics, multiple exciting themes, and big prizes on offer, it’s no
surprise slots are such a hit with gamers.
Slots are an exciting, easy to play game.
They are easily accessible and online operators have a huge variety of games to
choose from, ensuring players are guaranteed to find a game that suits them.
Many online casinos offer new players
bonuses for signing up, these can take the form of free spins. They
are a great way for new players to gain some experience and learn how to play.
Competition
With more and more people discovering the
joys of online gaming, the Nigerian online gaming market growing at a rapid
pace and attracting ever more competition to the sector. This drives innovation
in the sector, and means providers strive to create ever more impressive games
for players
to enjoy. Better, more immersive games inevitably attract even more users to
online platforms and help the gaming industry grow.
Fun
Ultimately, the reason behind the success
of online gaming and slots in particular, is because they are fun to play. Plus,
gamers even have the chance to scoop a jackpot and win some money.
Growing Population
Nigeria is Africa’s most populous country,
with an estimated population of around 220 million. That is forecast to
continue to grow at between two to three percent a year, making it one of the
fastest growing countries in the world.
With growing smartphone use, a growing
population, and greater competition in the sector, the online gaming sector in
Nigeria looks set for continued success.
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