LionsBet Review

4.0 rating

Guess how much money LionsBet makes online

₦40.9M

In Net Profit

162.7K

Unique Bets Accepted

₦1.7M

In Net Profit

7.1K

Unique Bets Accepted

₦145.6K

In Net Profit

573

Unique Bets Accepted

LionsBet Online Market share

The company that owns LionsBet currently has 0,34% of the gambling industry’s market share. This is the lowest market share of all the Nigerian casinos that we have reviewed. But it is still considered a newcomer, and we are interested to see its evolution as it expands its business.We are hoping this includes adding more sports to bet on, particular horse racing, and perhaps moving into the slots and table games that other casinos have started to offer. As smart phones get better and better, this will become the standard for online casinos.

Annual Online Profit

Lionsbet annual online profits, as of this writing, are coming in at 41,9M as of the fiscal year 2018.

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Number of Internet Players

The number of players registered with Lionsbet as of this writing totals 58,2K. As younger people come to enjoy gambling, this number will surely increase. After all, this is the generation that has always lived with internet connectivity, and now smart phones are a part of their everyday lives. It would make more sense for them to sign up for a casino or betting shop online than it would to walk into a bookmaker in their area.

Licensing

The bookmaker’s headquarters are in Victoria Island, Lagos, and they hold a full gambling license from the Lagos State Lotteries Board.

The Lagos State Lotteries Board is responsible for issuing licenses to casinos that wish to serve Nigerian customers. To be as transparent as possible, they make a wealth of information available to the public, including any gambling licenses that have been revoked or denied, and the reasons for this change in status. This lets potential players make informed decisions when choosing an online casino or betting house.

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The National Lottery Regulatory Commission of Nigeria is another authority in the gambling industry. It is not necessary to hold a license from this agency as long as the casino has already obtained one from a state authority. Established in 2005, the National Lottery Regulatory Commission of Nigeria establishes the rules governing the industry, and issues licenses to verified and legitimate casinos that meet its strict requirements.

LionsBet Welcome Bonus

When you first sign up for Lionsbet you will be offered 100% matching cash up to 100,000 naira. You will have to bet this cash through five times before you can claim it. The odds on each and every bet have to be at least 1.20. There are also second deposit and third deposit bonsues; the second is 50% up to 100,000 naira, and the third is 25% up to 100,000 naira. Additional deposits also result in rewards.

There is also a cash back promotion where a loss can result in a partial refund. Free bets happens every week for returning customers who bet stakes over 20,000 naira. And for people who play often on Lionsbet, a points system can be converted into naira for additional wagering. Finally, social media accounts for Lionsbet include instant promotions, so it is a good idea to follow the brand on your favorite social media sites.

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LionsBet History

Lionsbet was founded in 2016 to serve the needs of Nigeria’s gamblers. It has a wide range of promotions designed to get people to start playing with them and to make sure they stick around.

Lionsbet services 26 different sports markets, which include all the favorites plus niche sports like darts, pesapallo, MMA and even sailing. You can see the full list along the left side of the website, or with one tap in the menu on the mobile app.

For some reason, the collection does not include horse racing. But you can bet on virtual horse races on the site. This doesn’t make much sense, particularly when you consider that they have obscure sports like futsal that you can bet on. In fact, there is a fairly impressive selection of virtual sports and instant sports, including Europa League and African Cup, plus instant greyhounds, velodrome and speedway.

Lionsbet offers competitive odds. In fact, for some markets their odds pay off much better than their competition. This extends to their live bettor market, which allows you to bet during a game on what is likely to happen next – say, who will score a goal or get a penalty.

If like most Nigerians you are accessing Lionsbet from your mobile phone, as soon as you log in it will ask you to pick one of three options – New Mobile, Old Mobile or PC.

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The Old Mobile selection at Lionsbet is good for people with older phones or who have contracts that limit their amount of bandwidth, or perhaps do not have the more modern graphics. It is very simple to use and doesn’t have a lot of design features, so it loads fast. The New Mobile option will take you to the game with all the graphics and bells and whistles, which is good for newer model smart phones. The PC option doesn’t really work very well on mobile phones, but is there for people who generally play on their laptop, and are not used to also accessing Lionsbet on their phone.

This is a unique and interesting feature for the Nigerian market, and we are impressed with their willingness to accommodate a wide market.

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