Edo State Sign New Sports Betting Law - You Got to See It

 

The Edo State Governor, Godwin Obaseki, has signed a new law to regulate lottery, online sports betting and gaming in the state, with a view to restoring sanity and rid the sector of fraudulent actors.

The law, known as the Edo State Gaming Law 2020, was passed by the Edo State House of Assembly and consented to by Governor Obaseki.

In a statement on Monday, Chairman, Edo State Internal Revenue Service, Igbinidu Inneh, said the Gaming Law, which repealed the Bendel State Lotteries Edict 1990, empowers the EIRS to regulate activities and conduct of stakeholders in the gaming industry, to the extent of granting licenses to gaming operators and agents, as well as make regulations.

Inneh said: “The new law will bring value to the gaming industry, restore sanity, rid off illegal and fraudulent gaming operators and ultimately improve the standard of gaming activities in Edo State.

“It would be achieved through issuance of licenses to approved gaming operators and agents upon meeting certain requirements, effective monitoring and enforcement, as well as sanctions of erring operators where necessary.”

Inneh added that the Edo State Gaming Law 2020 was also meant to improve the Internally Generated Revenue of the state through the payment of taxes, which he said would assist the government in the provision and improvement of infrastructure for the people.