According to the gambling regulations in Nigeria, sports bets, lottery, and on-land casino gaming are legal in the country. Aside from that, slot games are also permitted but only for licensed slot casino operators. However, games of chance such as card games, dice, spinning tops, and roulette are illegal. In this article, you will know if gambling in Nigeria needs more laws.
Nigeria needs more laws to guide gambling acts due to the following reasons:
- Security and more gaming options for local gamblers
- More tax revenue and more ways to tackle gambling addiction
- More tourism centres
1. Security and More Gaming Options for Local Gamblers
Unregulated domestic gambling activities are all over Nigeria and local punters who play at such locations are sometimes at the risk of being scammed. However, this issue can be tackled with the establishment of more significant gambling laws. As the gambling laws in India, there should be a regulation to guide the operations of casinos that offer games of chance like roulette and other similar games. Doing this will allow local Nigerian punters to gamble legally, and safely, and have more gaming options.
Additionally, Nigerian online casinos do not offer local punters games of chance just like the land-based casinos. However, local Nigerian punters are not banned from visiting legal foreign real money online casinos to enjoy games of chance of different varieties. Doing this could come at a cost at times.
Even though these foreign online casinos are properly run, you might need to make a complaint about some issues. If such matters arise, reporting to the Nigerian Police Force would come to no effect as they do not have authority over foreign online casinos. However, the best you can do is to post your complaints to the gambling commission that licensed the online gaming site.
2. More Tax Revenue and More Ways to Tackle Gambling Addiction
Gambling is a popular act in Nigeria and making it illegal for local punters does not stop them from having access to it. Besides that, it does not reduce the level of addiction of gamblers significantly. However, more appropriate gambling regulations and tax collection would help generate more funds to assist gamblers with addiction issues.
Additionally, the gambling industry generates lots of funds due to how popular gaming activities are amongst local punters. Therefore, creating proper gambling laws and tax structures would boost the country’s tax revenues which can be used to the best effects.
3. More Tourism Centres
Gambling is an activity enjoyed by people all over the world. As a result of that, gambling capitals like Macau and Las Vegas are known to have the best tourist centres in the world. Therefore, having gambling legalized and well-regulated in Nigeria would increase the tourism centers in the country. Besides that, the funds generated from gambling taxes can be assigned for tourism projects like 5-star hotels and resorts.
Final Thoughts
Gambling needs more significant laws in Nigeria to guide its operations, boost the country’s economy, and protect its citizens.
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