Dr. Fred Igbinedion, the Director of Waxibet, a new betting company in the country, has given reasons for the popularity of sports betting among Nigerians.
Igbinedion, who revealed that the Sports betting market is about to encounter a huge transformation as Waxibet intends to take the fight to its competitors, attributed the patronage being enjoyed by the sector to the massive love of football among Nigerians and other factors. “Nigerians love football. We are sports lovers in Nigeria. This is one reason why sports betting is thriving,” he said.
Waxibet, a gaming company, was founded in 2021. It offers a variety of online games for its end users, including sports betting, virtual games, and online casino products. The company recently added betting opportunities for the reality TV show BBNAIJA, to its package to allow users to make predictions and stand chances of winning.