While gambling remains somewhat of a taboo pastime in most of Africa, a few countries in the Dark Continent have fully regulated markets. Licensing Procedures in Other African Markets The Oyo State licensing fee is three million Naira. While the licensing fees are similar in states that allow casino-style gaming, some like Oyo State have far lower legal charges for operators. Furthermore, operators get obligated to pay an N200,000 monthly tax, and they must give an additional N20 million to renew their license each year. While the application fee is N500,000, the cost of a first-year license is N20 million. Moreover, an applicant must enclose a company bank statement for at least a year in obtaining financial support, a five-year projected balance sheet outlining estimated profits and losses, technical structure plans of a venue’s game layout, surveillance system, and more. That entails documentation that proves a minimum share capital of twenty million Naira and tax clearance certificates for all directors from the preceding three years. It also must disclose documentary evidence of the internal structure of its company. These parties also have to register for a Value Added Tax for games per the 2005 National Lottery Act, Section 57.įor a business entity to get a gaming license from The Lagos State Lotteries and Gaming Authority, it must send an application letter stating its intentions to this body and pay a non-refundable fee of N500,000.

Naturally, the latter gets provided by the Federal Inland Revenue Service. Parties wishing to attain a gambling license in Nigeria first must get a Capital Importation Certificate and a Tax Identification Number. The Lagos State Lotteries and Gaming Authority is the gaming regulatory body in this territory, created in 2005, overseeing all forms of lotteries, sports betting, and casino gambling.

Lagos is Nigeria’s premium casino gaming destination, home to seven such venues, including the Federal Palace Hotel & Casino, the most sizable gambling establishment in the country.

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