Your Compass in the Betting Jungle
While information on the taxation schemes used in the Nigerian gaming industry are difficult to come by, it is clear that operators are taxed on their profits. However, it appears that this taxation is rather flat across all types of gaming, and may even be a simple business tax that is no different than running any other type of corporation in any industry.
It has been suggested by some that better considering the needs of various sectors would help grow the industry and provide more revenue for both states and the federal government.
Casinos are taxed under a special Casino Taxation Act, first passed in Similarly, it appears that individuals may have to pay taxes on their gambling winnings here, but the exact percentages or whether this is handled differently than regular income is unclear.
If you are uncertain as to what you might owe on your betting winnings, it is best to consult a local tax professional. One of the biggest issues facing Nigeria is the incongruity between its sports betting regulations on the state and federal levels.
It has been suggested by researchers that the way in which the entire gaming industry is regulated needs a review and overhaul so that there can be stronger oversight and more consistency across the country. One of the biggest problems here is that the government may be missing out on extensive tax revenues because of two issues. As in many nations, the proliferation of overseas sites that do not pay taxes in the country is costly, of course.
In terms of the industry, however, things are looking up for Nigerian operators. On the positive side, if this part of the industry can be effectively taxed, it could mean a new and large source of income for the national coffers, helping to further develop this increasingly powerful player on the regional and world stages.
Best Online Bookmakers for Nigeria 1. Bonus Offer Sign up for new promotions every week. Gab Lotto works closely with federal and state lottery boards to ensure transparency and responsible play is practiced in the lottery industry. It operates state lotteries, sports betting, raffle, pools, slots, casinos and various other gaming offerings.
It has two main brands - Big Games and Superior Bet. Big Games consists of 3 fixed odds lottery games: Super Games, Mega Millions and Global Games, while Superior Bet allows punters to bet on various sports, including virtual dog and horse racing, and tennis, basketball and football matches. Nigeria has three premier land-based casinos where you'll find a selection of slots and table games to help you while away the time.
Two of them are located in the capital Lagos, and one in the city of Abuja. Owned and operated by Sun International, this 5- casino resort is the place to go in Lagos for local and visiting gambling fans.
There, you'll find state-of-the-art slot machines to choose from, as well as a Blackjack, Hold'Em Poker and American Roulette tables. Sports betting is big business in Nigeria, where people can wager on sports in betting shops or over the phone at various Nigerian sportsbooks. Football betting is particularly popular, as is basketball, tennis, cricket and other local and international sporting events.
Betland is one of Nigeria's most popular domestic bookmakers, with over betting shops nationwide. As a regulated Nigerian betting firm, it allows you to place bets at any of its shops in person or via its online betting platform. It offers a host of betting lines for football, virtual football and other sports. Nairabet was Nigeria's first domestic online sports betting site which boasts well over , customers. It offers sports and live betting and the option to play casino games.
It is licensed and regulated by the Lagos State Lotteries Board. Winners Golden Bet is an online sports betting site based in Lagos. This online sportsbook allows Nigerians to wager on many different football fixtures, basketball, tennis, baseball, virtual dog racing and virtual football leagues, to name a few betting markets. Merrybet is another licensed Nigerian online bookmaker, which offers a wide choice of sports betting markets including football, rugby, tennis and darts.
You won't have to search much to find various other sports betting sites that cater to the Nigerian market. Nigerian sports bettors will also be able to place sports wagers anywhere, anytime using the mobile services offered by these online sportsbooks.
Click here to read more about sports betting in Nigeria. Although Nigerians are fond of online sports betting, online casino gambling is also growing in popularity. Former Chelsea star John Obi Mikel is the captain of the team and will feature at his second World Cup finals, having been a big part of the squad that reached the knock-out stages. He has been a Nigeria international since , but missed out on the World Cup through injury.
There are several squad members who play in the English Premier League. Nigeria have been drawn in a group with Argentina for a fifth time at a World Cup finals, and the other two teams in the group are Iceland and Croatia.
They beat Argentina in a friendly in November , and have never played against either of the other two. However, if they can get off to a winning start against Croatia, they will give themselves a fantastic chance of making the last 16 again. While it makes sense to believe Argentina will top the group, with Croatia going through in second, we predict that Nigeria will be the surprise package of this World Cup. They may be the lowest FIFA ranked nation in the group, but they have fantastic talent at their disposal and will cause every team they play plenty of problems.
That is why we are predicting Nigeria will finish second in the group, behind Argentina, and move on to a last 16 clash which will probably be against France.
So, our prediction for Nigeria is that they will reach at least the last