How to obtain a Sport Betting License in Lagos State

How to obtain a Sport Betting License in Lagos State

September 19, 2019

To obtain a Sport Betting License in Lagos state, one must channel an application to the Lagos State Lotteries board. The primary function of the Lagos State Lotteries board is regulation of all gaming activities; these include Public Online Lottery, Online Sports Betting, Casino, Promotional Competitions, Scratch Card & Interactive Games, Gaming Machines, Pools Betting and ‘Other Games’. The procedure for obtaining a license for a Sport Betting business in Lagos State are as follows:

  1. .An application is to be submitted with the required documents and a non-refundable fee of N500, 000 (Five Hundred Thousand Naira)
  2. Upon submission of the application, the Lagos state Lotteries board will conduct their due diligence which will take a minimum of 15 working days.
  3. The applicant will be invited to the Lagos state Lotteries board to make a presentation stating why the application should be granted.
  4. After a successful presentation, the applicant is to pay the sum of N50, 000, 000 (Fifty Million Naira) for the license.
  5. Following this payment, an approval in principle will be given for 90 days before the permanent approval.

For further information or any assistance you may require concerning the above registration process, log on to our website on www.618bees.comor call us on 09017190079. We are available to render fast, reliable and affordable service to assist you with the process.

 

 

 

The information in this blog post (“post”) is provided for general informational purposes only, no information contained in this post should be construed as legal advice, nor is it intended to be a substitute for legal counsel on any subject matter. No reader of this post should act or refrain from acting on the basis of any information included in, or accessible through this post without seeking the appropriate legal or professional advice from the particular facts and circumstances at issue from a lawyer. This post is protected by intellectual property law and regulations. It may however be shared using appropriate sharing tools provided that our authorship is always acknowledged and this Disclaimer Notice attached

More Articles

Search

Connect With Us

Got any questions?

If you are having any questions, please feel free to ask.

Send us an email

Frequently Asked

  • When are Annual Returns due for filing?

    A company’s first Annual Returns are due for filing after 18 months of its inception, subsequently it should be filed annually as the name implies. The filing dates could differ for each company depending on their financial year end but must be filed not later than 42 days after its Annual General Meeting.

    The Annual Returns for Business Names is due not later than the 30th of June each year except in the year the business was registered.

  • Do I need a Company Secretary?

    A limited liability company (LLC) must have a company secretary.

  • Is there a penalty for late renewal of registration of products with NAFDAC?

    Yes, there is a late renewal fee, which is dependent on the category of the product.

  • How long does a trademark registration in Nigeria Last?

    Trademark is valid for seven years from the date of application but you may renew the application for the trademark for an additional period of 14years.

  • Is there a penalty for late renewal of registration of products with NAFDAC?

    Yes, there is a late renewal fee, which is dependent on the category of the product.

  • Why do i need a Shareholders Agreement?

    You need a Shareholders Agreement to protect your investment in a company.  The shareholders Agreement establishes a fair relationship between all shareholders and sets out how the company is run.

  • Does Trademark registration protect my website domain name?

    Yes, it does.

Call Us Now on +234 901 719 0079 Whatsapp icon Chat on WhatsApp