Sammi Awuku
The Director-General of the National Lottery Authority (NLA), Sammi Awuku, has moved to clarify the controversy surrounding the Bet Tax issue, emphasizing that the Authority’s role has been misunderstood.
Speaking at a recent forum, Sammi Awuku addressed concerns surrounding the tax, making it clear that the NLA is not responsible for the 10% tax imposed on betting operators, commonly referred to as “betting boys and girls.”
Instead, he explained that his comments were focused on the withholding tax on winnings, which lottery operators are mandated to deduct.
According to Sammi Awuku, the NLA’s involvement pertains to the local marketing companies (LMCs) partnered with the Authority.
He stressed that the Gaming Commission handles a separate aspect of the betting industry.
“The NLA’s role is often misconstrued, and I want to set the record straight,” Awuku stated. “We are not responsible for the 10% tax on betting operators. Our focus is on ensuring lottery operators withhold 10% tax from winnings, as required by law.”
The DG of NLA, Sammi Awuku’s clarification comes amidst growing concerns and misinformation surrounding the Bet Tax.
The NLA Director-General’s explanation aims to provide transparency and distinguish between the Authority’s responsibilities and those of the Gaming Commission.
The withholding tax on winnings is a critical component of the gaming industry’s regulatory framework.
Lottery operators are required to deduct 10% from the final gross payout to players and punters, ensuring compliance with tax laws.
By shedding light on the NLA’s specific role, Awuku seeks to dispel confusion and promote a deeper understanding of the betting industry’s regulatory landscape.
However, the NLA has indicated that the Authority remains committed to ensuring the integrity and transparency of the gaming industry, working closely with relevant stakeholders to promote compliance and fairness.
-BY Daniel Bampoe