How much does it cost to get a lottery license in Nigeria?

How much is Nigeria gambling license?

a non-refundable application fee of N2,000,000; company incorporation documents; evidence of trademark registration; and. evidence of registration with the Special Control Unit on Money Laundering.

How do I get a gambling license in Nigeria?

PROCEDURE AND STEPS FOR THE ACQUISITION OF BETTING LICENSE IN NIGERIA

  1. Completed National Lottery Regulatory Commission application form.
  2. An application letter stating the intention of the applicant.
  3. Non-refundable Application and Processing fee of N2,000,000 (Two Million Naira) payable to the Commission.

How do you start a lottery business?

It is not only business unwise, it is disastrous financially. So this guides will give you the necessary information on how to start a Lottery business.

  1. Do Your Research. …
  2. Raise Sufficient Capital. …
  3. Register Your Business. …
  4. Obtain ICT and Software. …
  5. Get a Physical Office. …
  6. Set up Regulations. …
  7. Promote Your Business.

Are casinos legal in Nigeria?

Gambling in Nigeria is regulated by the National Lottery Regulatory Commission. … The legal games are lottery, land-based casino, and sports betting. Roulette, dice games, and non-skilled card games are illegal. The law regulates slot machine activity and only licensed operators can provide slot machine gambling.

How many lottery companies are in Nigeria?

Licensed Operators

S/N NAME OF COMPANY
1 Secure Electronic Technology
2 Premier Lotto Limited
3 KC Lottery Company Limited (Lotto 9ja)
4 People’s Empowerment Lottery Limited
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Can I start my own lottery UK?

How to set up your own lottery business. The first step if you’re setting up a large society or local authority lottery is to get a licence from the Gambling Commission. If you’re setting up a small society lottery, you need to register with the local authority in the area where your main office is based.