The Managing Director, Bet9Ja, Ayo Ojuroye, has said lottery is a social resource that is positively changing the economic fortunes of countries across the world.
In a statement on Monday, he said that social resources were quietly emerging as important ingredient for socio-economic development in addition to human capital and natural resources.
“In Nigeria, the operation of lottery has precipitated an increase in state revenue through the payment of taxes and other levies paid to the government,” he said.
Ojuroye, who is a sport betting operator in Nigeria, said that Bet9ja paid all taxes and levies due to it as an organisation promptly in compliance with every federal, and state laws while imbibing best corporate governance practice.
He posited that for any nation to grow, it must possess the power to generate income internally, so that the government could meet its civic obligation of providing infrastructure, such as roads, electricity, and water, among others, as well as meeting recurrent expenditure.
“Lottery also invariably contributes to curbing unemployment as opportunities exist in gaming such as oddsmakers, analysts, security, and cashiers, among others,” he stated.
According to him, the job opportunities in lottery and sports betting were limitless and the revenue could help sustain the economy of the country.
The gaming enthusiast noted that the induced impacts on the economy arose as employees/beneficiaries of the industry spent their wages in the broader economy – payment of rent, school fees, transportation, food, beverage, and entertainment.