Lottery

Sports Betting And Lottery Winnings To Be Subjected To 10% Tax

Sports Betting And Lottery Winnings To Be Subjected To 10% Tax

The government of Ghana is due to implement a 10% tax on earnings from lotteries, games of chance winnings and sports betting at the point of payout. As part of the government's efforts to expand the tax base and increase domestic tax revenue, gamblers should be ready to have 10% of their earnings withheld as tax should the president assent to a newly passed bill by Parliament. Multimedia Sports Journalist Fentuo Tahiri Fentuo explained the specifics of the aforementioned taxes, stating that they will be deducted from each individual's winnings prior to payout. “In case you missed it by the way,…
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World Lottery Authority Endorses Ghana’s War Against Illegal Lottery

World Lottery Authority Endorses Ghana’s War Against Illegal Lottery

The World Lottery Authority (WLA) has revealed that it will be focusing more on responsible gaming and good causes in the coming years and has asked member countries to promote these values. It has also tasked lottery bodies in the world to take a firm stance on illegal lottery activities which according to the Association caused a loss of revenue of a total of 1.8 trillion dollars in 2022 alone. At this year’s World Lottery Summit held in Vancouver, British Columbia, Canada, the association charged member countries to do more on responsible gaming and good causes. Ghana’s National Lottery Authority…
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