And a part of that information was that, 'Is Okocha owner of Betking?' That conversation showed that users pay attention to Betking's betting offers, but knowing the bookies background details and current state, equally, is an important matter to them.

Betting agencyĪ while back someone asked me several questions about Betking. The regional market is poised for significant growth, and at the end of 2023, it is expected that Betking's net worth would soar towards the 500 million USD mark.īusiness center, 1A Isolo Rd, behind Total filling station, Lagos 09īetking Shop/FirstMonie Shop (Fredehimama)īET KING SHOP CHURGHALE ENT. In Nigeria, Betking is among the big betting players that dominate the betting industry. Outstandingly, Africa accounts for just 2% of sports betting revenue worldwide. Almost 2 billion NGN is spent daily on sports betting, which is nearly 730 billion NGN yearly. It is reported that about 60 million Nigerians between 18-40 years old, are actively involved in betting. It's expected that the sports betting ecosystem will grow at CAGR (Compound Annual Growth Rate) of 10%.This is estimated at 134 billion USD, between 20, according to Technavio. While, net asset value stood at 100.2 million USD. MultiChoice’s initial investment value in Betking was said to be worth over 100 million USD.įor the end of the financial year, December 2020, Betking’s annual report showed a growth in revenue to 77.9 million USD, from 54.7 million USD the previous year. In 2020, after acquiring an initial 20% stake in Betking, MultiChoice the South African pay TV broadcaster, increased its shareholding to 49% in a 281.5 million USD deal, which was ratified in June 2021.

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