Online Lottery Games In Nigeria
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The primary focal points of an online lottery are fundamentally about sparing a great deal of time and staying away from the problem while doing it face to face. In this way, when you choose to play the lottery online and you search for online lottery suppliers, go for one that was eluded to you by somebody you realize who previously played. Continuous success of the Nigerian gaming industry. Security of online games/plays is a growing concern especially with the increasing use of electronic channels for gaming. Online Lottery and Sports Betting operators’ process high volume of players’ transactions and it is critical that these operators ensure that they keep players. Stake ₦500 on for a chance to win a dreamhouse in Lagos in 60 days, or win cash prizes in our different instant games. Play small, win big!
The Nigerian lottery and betting market is huge. The awareness on betting activities is growing at a tremendous rate. Many Nigerians are regular punters in online sports betting. The regulatory bodies at both the State and Federal level have re-positioned themselves to grapple with the challenges which the budding sector brings. Indeed, other States of the Federation are borrowing a leaf from Lagos State.
- What is the share capital for incorporating a lottery company in Lagos, Nigeria?
The share capital for lottery business at the national level as stipulated by the National Lottery Regulatory Commission ('the National Commission') is N30, 000, 000 (Thirty Million) shares while in Lagos, the Lagos State Lottery Board ('the Lagos Board') stipulates a share capital of N20, 000, 000 (Twenty Million) shares.
In Lagos at least 15% of shares in predominantly foreign owned lottery companies must be held by Nigerians.
- What are the requirements, license fee and period of validity of public online lottery license in Lagos?
- Requirements
The Lagos Board's brochure provides that the requirements for obtaining a public online lottery are as follows;
- An application letter
- Non-refundable application fee ofN500, 000 (Five Hundred Thousand Naira)
- Documentary Evidence of Business Incorporation;
- Certificate of Incorporation
- MEMART
- A minimum share capital of N20,000,000 (Twenty Million Naira) (Form CAC2)
- Details of directors (Form CAC7)
- Address of registered office(s) and administrative office
- A detailed business plan/proposal on the proposed lottery scheme providing the following information;
- Business Structure;
- Name and profile of all directors and management staff.
- Tax clearance certificate of all directors in the preceding three (3) years
- Address of planned location, branches and outlets.
- Description of operations and management structure.
- A lottery industry analysis that demonstrates an understanding of the Lagos State Lottery industry.
- The analysis must include the names of major players and market share
- Marketing and distribution plans.
- Finance Structure
- Management account of your organization
- Company's Bank Statement for the last 1 (one) year in support of the financing plan
- Five year projection: profit and loss account, balance sheet and cash flow analysis. This should provide for license fee and monthly tax.
- Capital budgets and financing plan: Source of finance, foreign investment and terms of investment (if any).
- Details of Proposed Lottery Operation
- Proposed trademark, brand name, logo and colors
- Details of planned games, types of games
- Applicable odds system
- Price structure of lottery tickets
- Frequency and number of draws
- Applicant's game rules and participants code of practice.
- Responsible gaming policies
(vii) Technical Structure
- Detailed information and profile of technical service providers/partners, including but not limited to:
- Draw machine manufacturers and suppliers
- Web hosting providers
- Database/backup services
- Architectural diagram clearly illustrating the technical operational flow
- Information on software and hardware, including but not limited to:
- Types of servers to be used
- Details of firewalls, routers and other security features
- Redundancy implementations (if any).
- Detailed information on software, including but not limited to:
- Operating system
- Database application specification.
- Process and System Quality Assurance
Www.gamingzion.com › Nigeria › LottoOnline Lotto Directory In Nigeria - September 2021 GamingZion
(b) License fee
The license fee for the first year is N50, 000, 000 (Fifty Million naira) and N10, 000, 000 (Ten Million naira) for subsequent years.
(c) Period of validity of License
The license is valid for a period of 1 (one) year and renewable annually. Renewal is not automatic but subject to satisfactory performance and compliance with terms and conditions of license.
- What taxes is an operator of public online lottery business in Lagos liable to pay?
The operator shall pay Good Causes Money (GCM) which is 2.5% of its sales turnover from gaming activities conducted in Lagos State as gaming tax on a monthly basis. The tax is based on sales from gaming activities and not all streams of the operator's income.
If the operator operates in Lagos State only, it would ordinarily not be liable to pay further tax to the Federal Government.
- Can punters purchase online lottery tickets through SMS payments in Lagos?
The Nigerian Communication Commission ('NCC') has provided for a wide range of services that can be paid for using mobile phone. Mobile payment services are generally regarded as value added services to the mobile network operators. Payments may be effected through the airtime of a mobile subscriber, mobile wallet, credit card details on a mobile handset, access to the merchant's platform via short codes.
The Central Bank of Nigeria ('CBN') has considered and granted approval to 16 Companies to embark on a pilot trial of mobile payments in Nigeria. Approvals are granted based on 2 (two) models namely; Bank led model and Consortium model which entails collaboration amongst Banks, mobile operators and led by a trusted third party.
An applicant for the license have an obligation of ensuring that equipment to be used for Mobile payments are type approved and ensure interoperability between different networks operators and banks; must not interrupt or adversely affect the quality of service rendered by mobile network operators; services should be based on adequate privacy and security of consumers; ensure that mobile phone subscribers have registered their SIMs before enlisting them as subscribers of mobile payment services; comply with other guidelines and regulations from other regulatory bodies in Nigeria especially, the CBN.
The license fee is provisionally set for N1, 000, 000 (One Million naira) and this is subject to review by the NCC.
The license is for a period of 5 (five) years in the first instance, renewable on equal terms upon fulfillment of the requirements for renewal which includes but not limited to the license terms and obligations.
- What is the mobile payment system in Lagos?
Recently, Paystack has gain prominence. Most Nigerians in Lagos pay their utilities bills through Paga and Interswitch payment systems.
- Are there any other issues you need to know on lottery business in Nigeria?
The loggerhead between the National Commission which regulates lottery business at the Federal level and the Lagos Board which regulates lottery business in Lagos State is a cause of concern to lottery operators in Lagos.
Lagos State believe it has power to regulate lottery business in their respective States because the Constitution provides that matters such as lottery which are outside the exclusive and concurrent list are to be regulated by the State Assemblies whereas the National Lottery Act, 2005 provides that the National Commission shall regulate lottery business in Nigeria.
The proponents in support of the Federal Government contend that the Federal Government has Constitutional powers over interstate commerce and since online lottery is facilitated through the internet which has no geographical boundary, it is an interstate or international operation as such the Federal Government has powers to regulate it.
This has resulted in the National Commission harassing Lottery operators in Lagos who obtained the Lagos license without the National License while the Lagos Board in turn harasses the National Lottery license holders operating in Lagos without the Lagos lottery license.
In a recent development, the National Commission in a Public Notice of 21st June 2017 informed the general public that only lottery Companies licensed by it will be allowed to conduct lottery business in Nigeria. The Commission called on lottery Companies to regularize their operations before 21st July 2017 and that strict enforcement exercise against defaulting lottery Companies will commence from 24th July 2017.
From the foregoing, lottery companies cannot carry out lottery business in Lagos without the Lagos lottery license. The National Commission insists that all lottery companies should obtain license from it before carrying on business in Nigeria. Hence, until the imbroglio is resolved, Companies who want to carry on lottery business in Lagos must obtain both the National Lottery license and the Lagos Lottery license. The disadvantage is that lottery Companies will spend more money on licensing. The advantage is that they will be free to carry on their lottery business in Lagos and punters in throughout Nigeria can validly place their online bets.
The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.
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When we talk of gambling in Africa, it is impossible to leave out a country like Nigeria because the nation is just a betting-crazy nation and Nigeria has probably the largest gambling population in Africa. South African betting houses are mostly filled with Nigerian nationals and this further proves that betting is becoming more of a tradition in this great west African country. In 2016 alone, the Nigerian punters spent an average of 154 billion nairas on lotteries and sports betting, this is huge because this is equivalent to 380 Million Dollars.
The betting industry is such a broad industry with several betting products like Sports Betting, Casino, Live Casino, SRL, Virtual Sports, Esports and Lucky Numbers and several other betting products, this article takes a look at one of the most popular betting product in Nigeria , which is Lotto.
The Nigerian lottery industry is huge because there is a lot of online lottery companies which are offering great lottery draws which are being well received by the punters and such companies are Lotto9ja, Mlotto, Green Lotto, Western Lotto and Lottomania. The availability of such a good number of lottery companies has been great for the industry because the competition from these companies has ensured that the industry gets quality games which are exciting to play.
Most Popular Lotteries in Nigeria
So which are the most poplar and most played lotteries in Nigeria?
Nigeria National Lotto
National Lotto is one of the popular lottery games in Nigeria. The National Lotto has one weekly draw every Saturday which takes place at 19:15. To play the Nigerian National Lotto, you must choose 5 main numbers between 1 and 90, such a huge number range means this is one of the most difficult draws as you have to beat the odds of 1 in 43,949,268.
Mega Millions from Mlotto
If you hear Mega Millions, you usually think of the popular USA draw, well, Mega Millions is a popular and lucrative lottery game from Nigeria and is offered by MLOTTO. The game is drawn twice daily so there are several opportunities for you to win the jackpot prize of 25 million Naira. This is a two set lottery which makes use of a bonus ball and when you are playing the Nigeria Mega Millions, you must choose a total of 5 numbers from a range of 1 to 45 numbers and a bonus number from a range of 1 to 20 numbers.
Bank 3 from Mlotto
Bank 3 is an exciting draw game which is part of the games offered by MLotto. There is a total of 3 daily draws at 11.15 a.m., 4.15 p.m., and 9.15 p.m. where you can win up to 50,000 Naira in prizes. The beauty about this game is that it is played using your mobile phone, making it quite a convenient game to play. When playing, you must choose any 3 numbers of your choice from 0 to 9 either manually or through Quick Pick. This is quite an affordable game because a single Bank 3 ticket costs 200 Naira.
Daily Hammer from LottoMania
The Lottomania Daily Hammer is a very lucrative draw game is a lottery game because you can win up to ₦5million daily. Important to note is the fact that you must be an MTN user in order for you to play this draw game. There is a total of three methods of playing Daily hammer, you can play via SMS, USSD or via Web Play. when playing, you must select a total of 6 numbers from a number range of 1 to 80 and you can play the game for NGN10, NGN50 or NGN100 depending on your budget.
GG World Keno from Lotto Nigeria
The GG World Keno is a trully exciting fast-paced game which offers you several betting opportunities as there is a draw after every 4 minutes. The game is quite lucrative as you can win up to a cool NGN 100,000,000. When playing, you need to pick 1-10 numbers from a number range of 1 to 70 and a multiplier. If you are not confident in your own ability to pick the winning numbers, you can make use of the ‘quick-pick’ tool for randomly generated numbers.
GG World Million Lottery From Lotto Nigeria
GG World Million is an exciting lottery game in the sense that it gives you the possibility to play remotely from any place at any time. GS World Million is a lucrative game where you can win amazing prizes, This draw game has a minimum jackpot of NGN383,500,000 and it is important to note that this is a rollover jackpot and it will increase until it is won. In order to play, you must pick 5 main numbers within 1 to 50 range and 2 extra numbers within 1 to 12 range. You can pick the numbers yourself or use the quick-pick tool to fill in the ticket with random numbers. The GG World Million Lottery draws take place weekly on Tuesdays and Fridays.
Baba Ijebu
Baba Ijebu is a popular lottery company which offers up to 6 draws on a daily basis. The draws currently being offered are;
Premier Tota
Premier MK II
Premier VAG
Premier Enugu
Premier Midweek
Premier Lucky
The main principle of the game is to choose the specific number from 1 to 90. There are different ways to play, and the amount of your win directly depends on how much you stake and how much winning numbers you have. There are five options: Permutations, 2 Sure, 3,4,5 Direct. You can play your game starting at N20. It is important to realise that your potential return depends on your stake.
Gamespay
Greenlotto
Lotto Mania
Lotto Nigeria
Lotto9ja
mLotto
StackLotto
The Lotter Nigeria
Western Lotto