From boom to doom: Coronavirus wreaks havoc on sports betting industry

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Bettors flock a sport betting office before the coronavirus outbreak and an empty betting shop after the pandemic in Lagos ’Tosin oluwalowo takes a look at the state of the betting industry globall

y after the outbreak of coronavirus, in this report

Truly, the Nigerian sports betting and gaming industry has grown astronomically in the last three years. This exceptional growth can be attributed to the large population of the nation and increased access to internet devices. In fact, a betting firm has the second most visited website in Nigeria, according to alexa.com, as bettors flock the various online platforms in search of winning odds and numbers.

“A business that has been badly hit by this shutdown is the sports betting business. No sports. No deposits. No income. Yes there is virtual sports but it’s only a consolation. I know some companies will have to send staff on unpaid leave very soon,” Alabi wrote on Twitter. He said, “I normally get some fund from betting every week no matter how small to add to my daily spending but since last week, the odds have dropped, and we can no longer punt well again. If this coronavirus continues it will affect a lot of businesses and movements.”“The coronavirus has affected me; I can’t stake as much as I do. I remember before the outbreak; I staked a lot to boost my chances of winning,” Ariyo stated.

Tade Agboola has devised another means of overcoming the meltdown in the industry. He has resorted to ‘doing business’ with Premier Lotto, popularly known as ‘Baba Ijebu.’ The reality of self-isolating at home without making extra cash to survive gives Segun Akanbi goose pimples. Thirty-five year old Farai Chitengwa told VOA that for the past 10 years on a good month he got between $700 and $800 from football betting. It is his only source of income.

“The loss of soccer matches across the world has left punters with limited opportunities to win money.

 

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What about the money wey dem First dey collect from stakers he doin finish now now,make dem nor let people yeah ohhh

Not only betting companies, even other businesses. God help us

It's been a disappointing occurrence.

ShittuLawal3

Good. Lots of these bettors will save a few bucks for the time being then😷

Inside life

😂😅😅

That's good for you

Lolz.. wicked caption..

This one pain me o

THANK HEAVENS

Everything looks dead,what a boring life it is now 🤔🤔🤔🤔

They should even shut down. No time for this now

Them niggas was finessing yall anyways

Aja one ti gbe ra

😂 😂 😂

They still got virtual betting

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