NIGERIA ONLINE The Legal Landscape for Nigerian Online Casinos 2 months ago Samuel Post Views: 91 There are aspects of gambling that are legal in Nigeria. The Nigerian Lottery was legalised in 2005, and the wider gambling landscape is dealt with under Chapter 22 of the Criminal Code Act enacted in 1990. This law defines which aspects of gambling are legal, including land-based casinos, sports betting, and the lottery. It does not deal with online gambling. Therefore, there is no determination as to whether this sector is legal or not; it’s a grey area. If there was a regulation of online casinos in Nigeria, it could bring benefits similar to those in the United Kingdom (UK) and the United States of America (USA). Let’s examine this situation in more detail, starting with the problems that the lack of regulation in Nigerian online casinos brings. The issue of a non-transparent online casino legal situation in Nigeria You only need to look at the situation with online sports betting in Nigeria to know that there is an appetite for gambling online. In 2019, a report by Research and Markets valued the overall sports betting industry in the country at around $2 billion dollars. Further to this, of the total Nigerian population of 219,921,954, estimates suggest that close to 60 million people bet on sports online. Currently, a “Finance Bill” is awaiting presidential assent that will amend section 15 of the Companies Income Tax Act (CITA). The amendment will lead to taxation on the lottery and gaming industry and will clarify the taxation situation in this area. However, given that online casinos in Nigeria are not currently regulated, this taxation legislation will not apply to them. This is an issue given that the government would find this additional revenue useful. A regulated online casino industry could also provide additional jobs in Nigeria, and boost the already healthy economy in a country which has the highest GDP in Africa. Source: thenationonlineng.net About Post Author Samuel I am a journalist specializing in gambling in Africa and around the world. I am particularly interested in stories about games and casinos. See author's posts SamuelI am a journalist specializing in gambling in Africa and around the world. I am particularly interested in stories about games and casinos. Facebook Twitter LinkedIn Email Print Tags: igaming, Nigeria, online casino, regulation Continue Reading Previous TVBET enters distribution agreement with Golden Matrix GroupNext Can Nigeria Return to the World Cup Finals in 2026? More Stories ONLINE WORLD NEWS Monthly active mobile gamers exceeded 200 mln in 2022 18 hours ago Szarlot ONLINE SOUTH AFRICA Overview of online casino regulations in African governments 18 hours ago Szarlot HOT NEWS ONLINE SOUTH AFRICA MultiChoice betting big on gambling and new payment platform in South Africa 18 hours ago Szarlot ONLINE Slots For Video Poker 18 hours ago Samuel BETTING NIGERIA KingMakers goes live with EveryMatrix CasinoEngine 4 days ago Szarlot ONLINE WORLD NEWS Meet Slotegrator at SiGMA Americas 2023 in Brazil 5 days ago Iwo Bulski ONLINE Discover the World of Exceptional Gaming at BC.GAME Casino 5 days ago Iwo Bulski BETTING NIGERIA Family divided as 19-yr-old wins N38m from gambling 6 days ago Samuel GAMES ONLINE Gods of War from PragmaticPlay 7 days ago Iwo Bulski ONLINE Jackpot Strategies: How to Win Big in Online Casinos 7 days ago Samuel ONLINE What are the Features of Live Casino Games? 7 days ago Samuel BETTING NIGERIA How Online Betting Is Evolving In Nigeria 1 week ago Szarlot Leave a Reply Cancel replyYour email address will not be published. Required fields are marked *Comment * Name * Email * Website Save my name, email, and website in this browser for the next time I comment. Δ This site uses Akismet to reduce spam. Learn how your comment data is processed.