Abstract Unemployment is huge socio-economic challenge in the country. The National Bureau of Statistics (NBS) puts youth unemployment in Nigeria at 55.4%. In the midst of the growing unemployment, the young ones are devising means of surviving. The social, economic, physical and psychological impact cannot be overemphasized. With the advent of satellite television, broadband Internet penetration in the country coupled with the smart mobile telephone, a new door has been opened for the youths to engage themselves in recreational and moneymaking ventures. Gambling (sport betting) is fast becoming a very popular past-time endeavor for them. Studies have shown the prevalence of youth participation in sport betting. This study examined the nexus between youth unemployment and sport betting. Survey method was adopted, using questionnaires and interviews to collect data. From the findings, many of the young people who participate in sport betting are unemployed. They see sport betting as a means of earning income. Unemployment is contributing in driving many youths into participating in sport betting. A significant percent of the respondents place bets on sports (88.7%).