Dotun Ajegbile is the Managing Director of 1960Bet, the first indigenous betting company on the streets of Nigeria, a fact he proudly repeats as we talk about the online betting industry in Nigeria, how fast it has grown in less than five years.
“In the next three to five years, some of us are beginning to take the position of taking our companies public. Betting is very big, very, very big,” he says in this podcast as part of our special report on betting this week.
He quickly adds that despite the economic recession Nigeria is going through and the increase in the cost of operation, the gaming industry will continue to grow and broaden.
“(Regardless of whatever) shape the economy is taking,” he says. “Betting will forever remain betting. If the economy is good, people place bets. If the economy is bad, people will always place bet.”
How’s this for a shocker? Ajegbile estimates that about 1,000 bets pass through the system of 1960bet every five minutes but at peak periods -which are usually an hour to the game – it could go up to 1,500 per minute.
1,500 a minute.
Listen to the podcast below: