Many Nigerians are fond of gambling and gaming.This article tells you the steps to collect gambling and gaming license in Nigeria.
A Look At The Gambling History In Nigeria
Slots, lotteries, betting pools are the major forms of gambling in the country. Even though different policies, laws and gambling authorities are in Nigeria there was much lack of regulation of gambling in Nigeria.
The Lotteries and Pools Betting Law and the Casino Taxation Act of 1965 were in place too. In 1977 a law called the Gaming Machines Act banned the importation of gaming machines in the country apart from licensed ones.
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Nevertheless the gambling state in Nigeria started changing in the 90s. This is with the coming of laws and new policies that regulates gambling in the country.
These include the Taxes and Levies Act (1998), the Constitution of the Federal Republic of Nigeria (1999), the Gaming and Casino Law of 2004 from Lagos State and the National Lottery Regulatory Commission of 2007.
These policies and laws formed the path for privatising gambling in Nigeria. Mobile and online gaming is now much available in the country with the coming of mobile technology and internet. Gambling in Nigeria is broken into 5 types and they are pools, slots, promotions, lottery and betting.
The Regulation And Legislation Of Gambling In Nigeria
The government of Nigeria from the Criminal Code Act of 1990, Chapter 22 defines the illegal and legal forms to gamble.
The legal methods are lotteries, betting pools, racing and casino games which include Roulette, slots etc. Illegal methods include some games of chance and games not based on skill.
The gambling laws apply to players and operators although there is much punishments and penalties for the operators.
There are other gambling laws that regulate the running of gaming machines in the country. More gambling laws in Nigeria are pro online. This shows that it is not illegal to run or operate casinos inside Nigeria.
The government will not be able to do much to prevent citizens from playing online casinos and this include featuring casinos.
Steps To Get Gambling License In Nigeria
a. You are required to get a Capital Importation Certificate and go to the Federal Inland Revenue Service (FIRS) to obtain a Tax Identification Number.
b. Register for your Value Added Tax (VAT).
c. This VAT is only for games that are in accordance with that of Section 57 of the National Lottery Act of 2005 and this you can offer legally.
This include mortar, bricks, sports betting pools and lotteries. Lotteries include any agreement, scheme, game, plan, system, device or promotional competition for distributing prizes by chance or lot or for exercising chance and skin or due to the sporting events or continue any scheme, game, system, plan, device, competition and plan which the President upon notice declares them lotteries to be operated with license.
Many lotteries in the country are under license from Lagos State. Lotteries board which can regulate gaming firms that operate games or lotteries which include sports betting, public lotteries, scratch card games, interactive games and competition.
What Are The Types Of Gambling And Gaming In Nigeria
Nigerians are fond of 4 main categories of gambling which are land casinos, lotteries, sports betting and online gambling at operated offshore sites. Many Nigerians now play lotteries place bets and go to casinos with their mobile devices.
Nigerians are fond of lotto draws and the country has regulated lottery operators. In the year 2004, the National Lottery started the regulation of the lottery game which is a national online game. The motive was to generate funds for developing sports.
You will have to pick six numbers and this is between 1-49. If you predict the number that win, you get a jackpot. When you predict 5, 4, 3 correct numbers and you will get a payout. Quick Lotto is another national online lottery and this is a weekly and daily draw with scratch games that are instant. They are made up of Quick 5 Lotto draws and a Mega Hammer draw.
Players now play these games with their smartphones. Some of the lotteries in Nigeria are:
This company has terminals in outlets and shops and these are Point Of Sale (POS) terminals. You may purchase tickets for the fixed odds lottery each shot when you win large jackpots.
The games consist of Direct (NAP3), Banker, Permutation and Two Sure (NAP4). Gab Lotto operates with the state and federal lottery board to enhance transparency in the industry.
Gaming Company Of Anambra State
This came in 2016 and this is an alliance between the Global Gaming Co Ltd and the Anambra State Government. They are the main gaming operators in Anambra State and they operate state lotteries, raffle, slots, pools, casinos and other offerings.
Superior Games Company
This is a gambling company which is under license from the Lagos State Lotteries Board in the year 2004. The Lotteries Board regulates the lotteries in Lagos State.
There are 2 major brands which are Superior Bet and Big Games. Big Games are made up of fixed odds lottery games which are Mega Millions, Super Games and the Global Games.
Superior Games lets you bet on different sports categories like horse racing, virtual dog, basketball, football matches and tennis.
2. Land Casinos
Land casinos are in Nigeria and they are:
a. Le Meridien Eko Hotel & Casino
They open 10am and the features of the casino are table games and 17 poker.
b. Federal Palace Hotel And Casino
Sun International operate and own the resort. This is for visiting and local fans. You will get 106 slot machines from where to choose including Hold’E Poker and Blackjack. There are slots in 24/7 and the table games are accessible on Mondays to Sundays.
This is located in Abuja. The casino has nine table games and 40 slots and they include Roulette and Blackjack.
3. Sports Betting
Many people bet in Nigeria and the popular sports for betting are tennis, basketball, cricket and other sporting events.
This is one of the bookmakers and they have more than 100 betting shops. It lets you place bets at the shops or online.
This has up to 110 outlets in Abuja, Calabar, Benue, Aba, Eket, Eboyin, Ikot Epene, Enugu, Lagos, Ilorin, Port Harcourt and Nassarawa, Warri, Uyo and Suleja. It offers betting lines for virtual football and other sports.
Online Sports Betting
Nairabet is the first betting site in Nigeria for sports. Live betting and sports are available including casino games. The regulators and license are from the Lagos State Lotteries Board.
You can withdraw or deposit through the website or through the outlets in Lagos. Winners Golden Bet is another Lagos betting site.
They let Nigerians bet in different sports like virtual dog racing, baseball, football fixtures, basketball racing and others. Merrybet offers much choice for betting in rugby, tennis and football.
Online casinos are still growing in Nigeria. They are convenient and available 24/7 and has much games.
Many of the online casinos in Nigeria now go online and Nigerians can now access them through the smart devices. You can play from any location with internet connection.
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Operating a gaming and gambling license in Nigeria requires you to get the license. This article tells you how to get that license in Nigeria.Click here to see the latest Jobs opportunities in Nigeria.
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