Sports’ betting involves predicting and placing bets on the outcome of sports event. With the advent of technology sports betting services can be offered through multiple distribution channels.
The Lagos State Lotteries Board has the mandate to regulate and oversee the activities of online sports betting operators within Lagos State. With the deployment of technology, LSLB is able to effectively monitor and regulate licencees’ activities with the ultimate goal of protecting the interest of all stakeholders.
Licencees operating retail outlets are expected to operate branded betting shops in line with LSLB requirements. All agents must be registered and LSLB informed of additional betting shops and management staff employed.
A sport betting licence is for a term of one year and renewable annually.