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The Popularity of Online Lottery With Nigerian Gamblers
In Nigeria, the online lottery industry is gaining more popularity each day. Caused by the increased availability of internet access and computer devices, this popularity is slowly shaping the gambling industry and the Nigerian economy as a whole. Other reasons for the increased popularity are the huge progressive jackpots in the sites, the low investment required to participate in the game, and the feeling of luck associated with it.
Huge Progressive Jackpots
Most of the sites have a huge progressive jackpot lottery that attracts Nigerian gamblers and encourages them to keep playing. A progressive jackpot is one whose prize keeps increasing every time a player gambles. And as long as no one claims the jackpot prize, the prize keeps getting bigger until the lucky winner(s) eventually claims it.
With lotto sites, Nigerian gamblers can invest a small amount of money on tickets but still have access to the top global lotteries. Lotteries like Powerball, EuroMillions, and MegaMillions are now easily accessible to the Nigerian Gamblers. All the players need to do is sign up for free for an account on these sites and then make a small deposit to be able to buy the tickets.
The lottery is a game of luck, and with lotto sites, gamblers feel even luckier. These sites, which are both national and internationally owned, provide a platform for gamblers to play all different kinds of lottos, hence increasing their chances of winning. Moreover, easily available and free sites could make gamblers feel lucky for life.
History of the Lottery
The lottery also referred to as the lotto, is a game of chance that involves drawing numbers to win a prize. The first recordings of playing the game were during the Chinese Han Dynasty in 205 and 187BC, where the lotteries played a great role in financing government projects. Since then, lotteries have been widely endorsed by many other countries for entertainment and business purposes.
In Nigeria, the government fully tapped into the lotto market in 20005 after the formation of the National Lottery Regulatory Commission (NRLC), whose main duty was to regulate gambling activities.
Lottery Legal Status in Nigeria
The lotto is one of the three legal gambling games in Nigeria according to the Criminal Code Act. Its proceedings are regulated by the (NRLC), established through the National Lottery Act of 2005. The commission controls the industry by handing out business permits and licenses to credible lotto business owners. In Lagos, one of the biggest cities in Nigeria, there is another regulatory body called the Lagos State Lottery Board that regulates lotteries, casinos, sports betting, and other gambling operations.
Security and Regulations
To protect gamblers from being scammed, the NRLC has a regulation law that only permits operators with licenses and permits to provide lotto games. However, the law does not have any restrictions for online lotteries, making it easy for Nigerian gamblers to access foreign gambling sites.
To curb criminal activities that might come about as a result of unrestricted online gambling, the NRLC has an agreement with the Financial Intelligence Unit (FIU) to regulate the sites that gamblers can access.
As mentioned earlier, Lotto is a game that involves drawing out random numbers to win a prize. Traditionally, players buy the ticket then they randomly pick a series of numbered balls. If the numbers on the ball match the National lottery results, the player has won. When played online, the player first signs up on a lotto site. After signing up, they purchase the tickets, pick their random numbers and wait to check the draw results to see if they won.
- Lottery draw: The randomly chosen numbers that determine the winners.
- Jackpot: the largest prize in a lottery that gets bigger after each play when no one claims it.
- Lottery ticket: A numbered ticket that is purchased by a player to participate in the game.
- Lotto: is a type of lottery game variation that is similar to bingo.
Practice With Free Online Lottery Games
Some of the sites offer free game variations with free sign-up pages. Popular game variations in these sites include Euromillions, the Lotto, and Thunderball. The difference in these variations is mainly on the size of jackpots and the odds that determine the winner of the jackpot. For example, Lotto has 45 million odds for winning the jackpot, while Euromillions has an odds of 116.5 million to one to win the jackpot.
Lotto On The Go
Online lottery has made playing the game easier than ever. Not only can Nigerian gamblers purchase tickets from the sites; they can also keep up-to-date with their lotto results using lottery mobile applications. These apps also offer instant ticket scanning, they help players manage their accounts and they offer more variations of the game.
Lottery Bonus Offers At Online Casinos in Nigeria
Nigerian online casinos offer numerous lottery bonuses for their players. Some of the best bonuses offered include the welcome bonus offer, free bets and bonus draw. However, players should be careful when accepting bonus offers. Nigerian gamblers should always make sure to read the terms and conditions of a promotion before claiming it..
Play The Lottery in Nigeria
The ;ottery and other gambling operations have played a big role in shaping Nigeria’s economy. As a result, the government is urging more of its citizens to participate in lottery games that have been regulated by the NRLC. Playing the lottery does not only offer the gamblers a chance at a life-changing experience when they win big; it also gives them a chance to contribute to the national development.
💰 Is it better to take a lump sum or monthly payments?
While some gamblers prefer taking the whole amount of the money they won at once(lump-sum), others prefer monthly payments of the prize. The second option reduces the tax that has to be paid by the gambler.
🤑 Who is the richest lotto winner?
The richest lotto winner is an Anonymous player who won the 1.537 billion Mega Millions jackpot in 2019.
🧾 Are Winnings Tax-Free?
In Nigeria, lottery and other gambling activities are taxable by law. Winnings earned in the lottery are therefore subject to being taxed, whether the player chooses a lump-sum prize or the annuity prize.
💯 How many numbers do you need to win anything?
To win the smallest prize, a player is required to match at least three numbers.
🍀 Which are the Luckiest Numbers?
The luckiest numbers in the lotto depend on the type of lottery variation. In Powerball, the lucky numbers are 26, 16, 41, 32, and 28, while in Mega Millions, the lucky numbers are 17, 31, 2, 39, 4 and 20.