Online Sport Betting
Sports’ betting is the activity of predicting sports results and placing a bet on the outcome. With the advent of the World Wide Web sports betting now has an online presence-predictions and wagers can be placed using the Web, SMS or Telecommunication.
The Lagos State Lotteries Board has the mandate to regulate and oversee the activities of online sports betting operators within Lagos State. With the technological platform deployed post amendment of the Law, the Board is able to effectively monitor and regulate these online activities with the ultimate goal of protecting the interest of all stakeholders.
Licence for online sports betting is granted per annum and renewable annually.
Revenue generated from online sports betting is applied to good casues projects in the following sectors- Educational, Infrastructural, Environmental, Social & Health- as stipulated by the Lotteries Law.