The Lagos State Government has announced the commencement of a 5% withholding tax (WHT) on gaming payouts, directing all licensed betting companies operating in the state to begin immediate automatic deductions from customers’ winnings.
The directive, issued in a public notice by the Chief Executive Officer of the Lagos State Lotteries and Gaming Authority (LSLGA), Mr. Are Bashir, confirms that the policy takes immediate effect and applies to players’ net winnings.
Bashir instructed all licensed gaming operators in Lagos to comply immediately with the new tax framework, in line with existing Nigerian tax laws and regulatory directives governing the gaming sector.
