Quanta is pleased to announce that International Lottery and Gaming Limited (ILGL), also known as Naija Lottery, of which it is a major stakeholder, has just recently launched Bettabet.ng.
This premier sports betting website utilizes concepts and best practices from leading European bet markets to ensure secure and reliable betting transactions for all sports fans. Bettabet.ng is set to transform betting and address existing challenges encountered by sports enthusiasts with thrilling games and great odds.
“The launch of Bettabet.ng is a huge milestone for ILGL and Quanta and proves that we were correct in our decision to invest in this leading company,” says Kostas Farris, Acting CEO and Director of Quanta. “Using the momentum that this new platform is expected to bring, we will continue to reinforce our mission to leverage the gaming industry in the blockchain era and bring amazing game offerings to players across the world.”
Nigeria is currently the world’s 24th largest country in terms of GDP at $1.1 trillion and according to the US CIA, holds a population of about 203.5 million, which is the largest in Africa and seventh in the world. In recent years, the country has witnessed substantial economic growth, due in part to a flourishing lottery market that is estimated to reach $70 billion. Likewise, total gambling revenue in Nigeria is expected to increase by 16% and is expected to grow further in the near future. Outside of Nigeria, Africa has the highest growth rate in the gambling industry according to the Global Gambling Report.
ILGL is a privately-owned company established in Nigeria, which was granted a Grade A National License from the National Lottery Regulatory Commission to offer lottery games throughout the country.