Connect with us
Prague Gaming & TECH Summit 2025 (25-26 March)
nigerian-fg-proposes-introduction-of-tax-scheme-on-sports-betting nigerian-fg-proposes-introduction-of-tax-scheme-on-sports-betting

Africa

Nigerian FG Proposes Introduction of Tax Scheme on Sports Betting

Published

on

Reading Time: 2 minutes

 

The Nigerian Federal Government is proposing to introduce a sports betting industry tax scheme in the country.

The executive secretary of the National Lottery Trust Fund (NLTF), Bello Maigari, on Tuesday said Nigerians spend billions of dollars on betting each year despite the economic hardship in the country.

Maigari said this at the second edition of the ongoing biennial national gaming conference which was organised by the National Lottery Regulatory Commission (NLRC) in Lagos.

The NLTF chief in his address at the conference further said that the online sports betting sector in Nigeria has so far witnessed exponential growth.

“It is not out of place to look at some statistics that underscore the significance of this industry and situate its centrality in promoting the renewed hope agenda of this Administration,” he said.

“As of my last knowledge update in September 2021, the global online betting market was estimated to be worth over $50 billion, and it has continued to grow significantly since then.

“In Nigeria, the online betting sector has seen exponential growth, with millions of citizens engaging in various forms of online gaming and betting.

“With a population of over 200 million people and the largest betting market in Africa, our country is making giant strides in the world of online sports betting.

“Currently, there are over 65 million Nigerians actively engaging in this activity, spending 15 USD on average every day. It is on record, each day, 14 million bet takes and payments are made online in our country.”

Maigari disclosed that the revenue from the online betting sector alone in Nigeria is projected to reach over $256 million by the end of the year 2023.

He stated that this is expected to experience an annual growth rate of nearly 10% to reach more than $366 million by the year 2027.

Maigari further called on the Federal Government should create a framework that can encourage the sports betting industry to start paying taxes in Nigeria.

“Moreover, leveraging the gaming and betting industry as a tax contributor can help create a level playing field for both local and international operators,” he said.

“By establishing clear and equitable tax regulations, we can encourage foreign players to operate within our regulatory framework, ensuring that we benefit from their presence whilst safeguarding our citizens.

“The importance for taxation of this sector cannot be over-emphasized.”

Africa

Play’n GO announces landmark South African partnership with Hollywoodbets

Published

on

play’n-go-announces-landmark-south-african-partnership-with-hollywoodbets
Reading Time: < 1 minute

 

Play’n GO, the world’s leading casino entertainment provider, has today announced a new operator partnership in South Africa with Hollywoodbets.

The legendary games studio went live in South Africa in 2024, and this newly announced partnership will see classic Play’n GO titles such as Fire Joker, Rise of Olympus 100 and Boat Bonanza now available to Hollywoodbets players in South Africa.

Play’n GO enjoyed a landmark year in 2024, expanding its reach globally, and recently announced the launch of two brand new slots mechanics, Blitzways™ and Crashback™.

Stuart Trigwell, Director of Business Development at Play’n GO, commented “South Africa is a market of increasing significance in iGaming globally, and we’re very pleased to have gained such a strong foothold in the country with this partnership.

“The Hollywoodbets brand is synonymous with iGaming in South Africa, and this partnership reflects the commitment of both Play’n GO and Hollywoodbets to deliver the best casino gaming experience possible to players in the region. We’re excited for the opportunities that will come from this partnership, and we look forward to many years of success together.”

Wayde Dorkin, Head of Product at Hollywoodbets added “We’re looking forward to welcoming Play’n GO’s legendary games portfolio to our platform, and we know our players are just as excited as we are. We’re committed to being the number one operator in South Africa, and partnering with Play’n GO is a significant step forward on that journey.”

The post Play’n GO announces landmark South African partnership with Hollywoodbets appeared first on European Gaming Industry News.

Continue Reading

Africa

Springbok Casino is Offering 25 Free Spins in Honour of South Africa’s Top 5 Wild Egg Hunters

Published

on

springbok-casino-is-offering-25-free-spins-in-honour-of-south-africa’s-top-5-wild-egg-hunters
Reading Time: < 1 minute

 

Enjoy 25 Free Spins on Charms of the Forest slot from April 1-30

SpringbokCasino.co.za, South Africa’s leading online casino, is ringing in April with an exciting feature: the Egg-citing Safari — where South Africa’s five iconic animals embark on the ultimate Wilderness Easter Egg Hunt.  To join in on the fun, all players will receive 25 Free Spins on the Charms of the Forest slot.

In this adventure-filled experience, Springbok Casino introduces players to five extraordinary egg hunters: the lightning-fast cheetah, the agile springbok, the watchful meerkat, the clever baboon, and the towering ostrich. Each of these remarkable animals uses their unique abilities to track down hidden Easter eggs in the wild and teach us life lessons: 

EGG-CITING SAFARI: SOUTH AFRICA’S TOP 5 WILD EGG HUNTERS

  • The cheetah teaches us that acting quickly and decisively can help us overcome obstacles.
  • The springbok shows us that agility and focus are keys to success.
  • The meerkat teaches us the value of staying alert and working together.
  • The baboon teaches us to be clever, resourceful, and to embrace our curiosity.
  • The ostrich teaches us that a unique perspective and steady effort can help us achieve great things.

APRIL FREE SPINS

Valid April 1-30, 2025

25 Free Spins for Charms of the Forest

Coupon Code:  EGGSAFARI

Charms of the Forest invites players into a magical adventure with a 5×3 reel layout, 25 paylines, and an enchanting fantasy theme. Enjoy exciting features like Hold & Spin jackpots, a Free Games bonus, and the opportunity to win up to 50,000x your bet per line.

Springbok Casino provides customer service in English and Afrikaans, offering hundreds of slots and table games from SpinLogic, all played in Rands. Games are playable on mobile devices or instant play.

The post Springbok Casino is Offering 25 Free Spins in Honour of South Africa’s Top 5 Wild Egg Hunters appeared first on European Gaming Industry News.

Continue Reading

Africa

EGT Digital continues to hit milestones in Africa

Published

on

egt-digital-continues-to-hit-milestones-in-africa
Reading Time: < 1 minute

 

EGT Digital keeps on expanding its presence on the African continent. Recently, the popular operator Bangbet has begun using the provider’s Gaming Aggregator, significantly enriching the choice of visitors to its Kenyan betting site. Now players can enjoy EGT Digital’s extensive gaming portfolio, including over 120 casino titles, the crash game xRide, as well as the jackpot top-performers Bell Link, High Cash, Clover Chance, and Single Progressive Jackpot.

“It is a great pleasure for us to start our collaboration with Bangbet, one of the most prominent operators in Africa,” shared Zsuzsanna Zeibig, Sales manager for Africa at EGT Digital. “I am also very happy with the excellent performance of our games, which have very quickly established themselves as their customers’ favorites. I believe that this fruitful cooperation will further increase the operator’s popularity, while paving our way to other key players in the region.”

David Kabue, Director of Bangbet, also gave high evaluation to the partnership: “EGT Digital’s gaming content has brought enormous diversity to our slot offerings in terms of themes, high winning chances, and attractive bonuses. Bell Link has stood out as a particularly engaging product, with the other jackpot solutions also demonstrating impressive results. That is why we have decided to integrate the Bulgarian provider’s games into our betting sites in the other markets where we operate – Nigeria, Ghana, Tanzania, and Uganda – in the coming months.”

The post EGT Digital continues to hit milestones in Africa appeared first on European Gaming Industry News.

Continue Reading

Trending