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Sports Betting In Sierra Leone and its impact on the Economy

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Betting In Sierra Leone – In Sierra Leone, Sports betting is legal. However it should be noted that the legality of sports betting in Sierra Leone is limited in the sense that there are two legal sports betting providers in Sierra Leone which are the Sierra Leone State Lottery and Mercury International. These two betting operators offer betting on a number of major sporting events.

At the moment, Internet sports betting is not regulated in Sierra Leone. Also as of June 2016, no local online sportsbooks in Sierra Leone exist. It is however possible to bet on sports on the internet via a foreign website, without restriction.
Betting in Sierra Leone has been a source of backup to many and even  as a sole source of income to many others in Sierra Leone. The betting companies in Sierra Leone pay taxes and other specific amount of money which serves as a revenue  to the government, thereby helping in the building of the economy of the country.
Also in addition to contributing to the government by way revenue,these betting companies in Sierra Leone also  also provide jobs and for the ever teaming youth population.

Internet Betting In Sierra Leone

Internet betting in Sierra Leone is at the moment not at the best of it, This is as a result of the low rate of smart phone and internet usage in the country. Hence Internet betting is relatively limited. What this simply means is that not many people can bet from the comfort of their houses in Sierra Leone and this shows,reflects and has attachment to the poverty level in Sierra Leone which makes the country a good ground for the betting business to thrive. Do not forget that the poorer the masses, the better environment for business like sports betting where people are so eager to make money by all means, even gambling with the little they have.
At the moment, only MercuryBet operates very well in the west African country. Sierra Leone being one of the poor countries in the world needs to work on the standard of living of its citizens if the rate of internet betting will ever increase in the country.
Many betting companies are looking for opportunities to invest in the west African country knowing that betting and any other fast money making scheme thrives well where there is high rate of poverty.
It is however predicted that in no long time, Sierra Leone as a country will eventually turn out to be a hub for the betting business.
Sports betting no doubt will thrive in Sierra Leone  with the increase in number of betting companies just like it happened in Nigeria.
Recall that internet sports betting in Nigeria started with the famous indigenous Nairabet. But now, we have so many indigenous sports betting companies in Nigeria, ranging from Bet9ja, Betking, Merrybet, in addition to so many foreign betting companies also thriving in the country.