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Despite this low quantity, the revenues combined are anticipated to exceed $70 million this yr. With so much income being generated from the small betting industry, it would be unsurprising if more licensed operators start to seem. Keep a watch on this web page for any updates on the situation of the gambling industry within the nation. While the National Lottery Regulatory Commission is the country’s major regulatory physique, it isn’t the one factor protecting gamblers and operators alike. For instance, the Money Laundering Act of 2011 protects online casinos, as nicely as land-based, against money laundering makes an attempt. At present, there are solely three licensed and controlled land-based operators in Nigeria.
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