Economic Benefits To Nigeria's Sports Betting Market | Altenar

Economic Benefits To Nigeria's Sports Betting Market | Altenar

Share this article

Many operators are turning their attention to the Nigerian sports betting market for its immense potential and proven engagement from bettors who enjoy sports content—combined with a rising demand for mobile-first software. This is where Altenar, a sports betting software provider, can make your operations in Nigeria stand out.


Altenar offers tier-one, state-of-the-art software built on a foundation of “stability meets flexibility” and a mobile-first approach to iGaming and sports betting. With new features launching, a dedicated team focused on risk management and safer gaming, and a rich library of sports content, operators entering the Nigerian market are eager to harness Altenar’s trusted software.


According to a paper titled: An Overview of the Sports Betting Industry


In Nigeria: How to Obtain a Gaming License; Economic Benefits, Lessons to Be Learned, Social Impacts, & the Future, a recent investigation found that “60 million Nigerians are involved in active sports betting.” The paper further explained that roughly 3,000 Naira (about $15) is spent per person daily, with an average annual total of 730 billion Naira spent on sports betting.


These numbers continue to grow alongside the industry itself—and sportsbook software providers like Altenar are applying advanced technology, features, and access points tailored to meet the specific needs of niche markets.


With a forecasted mobile subscriber base of 182 million in 2021, according to Business Monitor International (BMI), Altenar predicts a massive increase in demand for sportsbook solutions in Nigeria over the coming years—especially as post-pandemic life continues to normalize.


Sports content, live events, and betting are helping to reconnect players and bettors. This surge in engagement is thanks in part to sportsbook software providers like Altenar that have both witnessed and driven this expansion in the sports betting space.


So, what can a tier-one sportsbook software provider offer to operators like you who are ready to bring that entrepreneurial vision to life? Let’s take a look…


Altenar as a Standout Performer in the Nigerian Sports Betting Market


Altenar provides operators with a suite of powerful features that have propelled businesses around the globe. This success is driven by Altenar’s “stability meets flexibility” software, built to adapt to the unique traits of each market an operator serves.


With 24/7 support available in multiple countries and languages, Altenar customizes your sportsbook experience—offering a fully adaptable front layer and a manual-aspect backend to meet your specific operational needs. With Altenar, your sportsbook is in the hands of experts.


You can learn more about Altenar’s globally recognized sportsbook software by visiting their website today, where you’ll find reports, case studies, articles, and more on the sports betting industry.


Contact Altenar today to begin your sportsbook journey.


Previous Next

Related articles

  • The Czech Republic’s Gambling Market: Licensing, Regulation, and Opportunity

    The Czech Republic’s Gambling Market: Licensing, Regulation, and Opportunity

  • Altenar releases new Bet Suggestions feature to boost engagement

    Altenar releases new Bet Suggestions feature to boost engagement

  • One Tax to Rule Them All? UK Proposes Unified Gambling Duty to Replace Remote Trio

    One Tax to Rule Them All? UK Proposes Unified Gambling Duty to Replace Remote Trio

  • Italian market undergoing major changes

    Italian market undergoing major changes

  • Gambling Laws and Regulations in Poland

    Gambling Laws and Regulations in Poland

  • Altenar partners with Onerush for Swedish sportsbook launch

    Altenar partners with Onerush for Swedish sportsbook launch

  • Altenar introduces social betting to sportsbook

    Altenar introduces social betting to sportsbook

  • Benefits Of Working With Us: Health & Life Insurance

    Benefits Of Working With Us: Health & Life Insurance

  • Altenar provides sportsbook solution to Jackpot.bet

    Altenar provides sportsbook solution to Jackpot.bet

  • Winning Without Bonuses: How To Retain Players Through Non-Financial Incentives

    Winning Without Bonuses: How To Retain Players Through Non-Financial Incentives

  • Local Payment Preferences in LatAm

    Local Payment Preferences in LatAm

  • Sportsbook Features Guide: Front End Widgets Solution

    Sportsbook Features Guide: Front End Widgets Solution

Fill out the form and we’ll be in touch as soon as possible

Follow 3 simple steps to fill out the form

  • 1

    Details

    Step 1
  • 2

    Contacts

    Step 2
  • 3

    Info

    Step 3

Choose enquiry and fill details

1 / 3
Enquiry Type

This form collects your data so that we can correspond with you. Read our Privacy Policy for more information

  • 1

    Details

    Step 1
  • 2

    Contacts

    Step 2
  • 3

    Info

    Step 3

Contact info

2 / 3
How can we reach you?

This form collects your data so that we can correspond with you. Read our Privacy Policy for more information

  • 1

    Details

    Step 1
  • 2

    Contacts

    Step 2
  • 3

    Info

    Step 3

More information you want to tell us

3 / 3
How did you hear about us?
Region of Operation
Do you already have a sportsbook?

This form collects your data so that we can correspond with you. Read our Privacy Policy for more information