The Lagos State Government has started carrying out a 5% withholding tax on gaming and betting winnings. If you win money from a licensed betting or gaming platform in Lagos, 5% will be removed from your winnings before the money enters your account. You will not pay it by yourself.

For example, if you win ₦100,000, five percent of ₦100,000 is ₦5,000. You will receive ₦95,000. The government says this will improve transparency and make sure the fast-growing gaming industry contributes properly to state revenue. Betting has become very popular in Lagos, especially among young people. There is also a new rule. To claim winnings, players must provide their National Identification Number (NIN). Some players say it feels unfair to tax winnings after they already risked their money. What you should know is that if you bet in Lagos using a licensed platform, expect a 5% removal on your winnings. Love and light.