Determinants of Demand for Gambling/Office Football Pool Betting in Ibadan, Oyo State, Nigeria
In the present study, we evaluated the statistical significance of a number of socioeconomic and demographic variables on the demand for office football pool betting in Ibadan, Oyo State of Nigeria. The Ordinary Least Square (OLS) econometric model was employed. The study identifies the socioeconomic and demographic characteristics of the gamblers and econometrically analyzed the factors influencing gambling activities. The results showed that gender, age, household size, educational attainment, occupation, monthly income of pool bettors, as well as price of coupons, were among the major factors affecting the demand for office football pool betting. To the extent that our sample may be representative of a wide and broader set of circumstances, our finding led to the recommendation of policy and institutions that support government involvement in gambling activities, especially office football pool betting.
Volume (Year): 6 (2012)
Issue (Month): 2 (August)
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