The Gaming and Lottery Board Bill has been passed by the Oyo State House of Assembly.
The Bill was passed on Wednesday during the plenary session of the House.
The passage of the Bill was sequel to the presentation of the report of the joint Committees on Public Account, Finance and Appropriation, Commerce and Cooperatives as well as Investment Monitoring and State Economic Planning.
The Bill is meant to see to the establishment of Gaming and Lottery Board in Oyo State.
Besides, it is also meant to sanitize the Gaming and Lottery business and activities in the State.
This is to ensure that the industry is regulated in line with international best practices.
While deliberating on the Bill, the legislature said it was equally aimed at addressing leakages in the industry which will consequently lead to increase in the revenue generated into the coffers of the Oyo State Government.
It is the duty of the Gaming and Lottery Board to grant licences and permits for Gaming, Betting, Lottery, Casino and other related business in the State.
The board will also be empowered to issue guidelines or policy documents on responsible gaming, remote and electronic gaming, monitoring platforms, gaming and lottery advertisements, gaming and lottery premises and their usages as well as non-commercial and private gaming permits.
