Lagos gaming authority applies 5% withholding tax to online winnings
The Lagos State Lotteries and Gaming Authority said a 5% withholding tax now applies to net winnings on all online platforms licensed in Lagos. Operators must deduct the levy when paying winnings and transfer it to the Lagos State Internal Revenue Service; the measure has taken effect.
Lagos-licensed operators must deduct and remit 5% of players’ net winnings at payout.