The National Lottery Regulatory Commission (NLRC or the Lottery Commission) on 21 June 2017; in furtherance of its mandate under the National Lottery Act (NLA), issued a general notice mandating companies conducting sports betting activities in Nigeria to regularize their operations with the Commission on or before 21 July, 2017 or face prosecution.
The Lottery Commission’s notice further highlights some of the conflicts between provisions of the Nigerian tax laws and other statutory regulations.
While the Lottery Commission is empowered by the NLA to regulate lottery businesses of any kind in Nigeria at both the Federal and State levels, the Taxes and Levies (Approved List for Collection) Act (as amended) also provides that lottery, betting and gaming activities are under the purview of the States.
This raises the question if sports betting companies who have already obtained state lottery permits are also required to register with and obtain approvals from the NLRC.
Pending the resolution of these regulatory conflicts, affected sports betting companies are advised to evaluate their compliance status with NLRC to avoid facing penalties under the NLA.
Please click HERE to access the notice.