Nigeria Golden Chance Lotto Review

Golden Chance Lotto is one of the oldest lottery organisations in Nigeria, and offers some of the most popular games in Africa. With a great reputation and widespread acceptance both nationally and internationally, this is one set of lotto games to consider. In this Golden Chance Lotto review, we’ll tell you everything you need to know about how to play these exciting games.

Golden Chance Lotto History

Golden Chance Lotto is a lottery organisation operated by Winners Golden Chance Ventures Limited. Its headquarters are located in Lagos and it was launched in February 2005. It is second only to the popular game Baba Ijebu as the oldest and most established lotto organisation in the country. Though there are many lotto games offered in Nigeria that are less than credible, Golden Chance Lotto is not one of them. Golden Chance Lotto is regulated by the National Lotteries Regulatory Commission (NLRC) and all relevant state governments in the areas where it is offered. It is the most widely available lotto organisation in Nigeria, with over 11,000 retail terminals across the country.

How to Play Golden Chance Lotto

Golden Chance Lotto offers multiple games, with a minimum of five draws every day of the week. Games consist of a pool of numbers 1 through 90, with five numbers being randomly selected per draw. Unlike more common lottery games where players would simply select five numbers, Golden Chance Lotto allows players to place bets on numbers in three different formats:

• Direct: Players must choose a minimum of two numbers to place bets on, and a maximum of five. If the two to five numbers the player places bets on match the ones drawn, they win the bet. With this betting style, players must also choose a stake on their bet, which will affect how much they win. The more numbers matched, the higher the prize.
• Permutation: Players choose several numbers, with the hope that at least two match the five winning numbers. Players can choose up to 10 numbers and must select a minimum of three. The selected numbers are placed into different permutations to create lines of different combinations. For example, if you select the numbers 1, 2, and 3, this would create three separate lines: 1 & 2, 1 & 3, and 2 & 3.
• Against: Players must select one main number to play against other numbers. For the main number, players can select between two and five numbers from the 1 to 90 ball pool. They must then select two numbers from 1 to 90 to be the “against” number.

Prizes and Odds of Winning Golden Chance Lotto

As Golden Chance Lotto uses a betting format, the way that prizes are calculated vary significantly based on the stake a player puts on their bet. The price of a single bet can range from N$50 to N$50,000. Each game has a base prize, which is then multiplied by the stake to calculate the prize. The base prize may vary by game and bet type, but here is the prize and odds breakdown for the Direct bet type and how many numbers a player selects with this bet type:

Golden Chance Lotto Drawing Time

Golden Chance Lotto has a total of 21 games that are played every week, with between five and seven draws taking place every day. The breakdown of daily drawing times is as follows:

Payout Options

In Nigeria, players must register with a lotto company to play their lotto games. Once registered, players can purchase tickets at a kiosk or through the website, mobile app, USSD, or SMS. Payouts then go to the account with which they’ve registered.

Taxes

It appears that lottery prizes are not taxed in Nigeria. Instead, lottery retailers are responsible for paying both federal and state taxes on their revenues from lottery sales. International players who purchase online lotto tickets from a third-party retailer may have to pay taxes on prizes in accordance with their country of residence.

How to Play Golden Chance Lotto Online

Golden Chance Lotto is easy for Nigerian residents to play online. The official website offers players the opportunity to play online by setting up an account at WinnersGoldenChance.com.

Once registered, users must select the game they want to play and the bet type they want to make. Players can deposit funds via UBA EmailMoni/UBA Mobile, Paystack, Interswitch Webpay, or manual deposit. 

Players outside of Nigeria may be able to participate in this lotto through third-party lotto websites.

Golden Chance Lotto—Is It Worth Playing?

Golden Chance Lotto offers unique games that pay high rewards for high risks. As these games use a betting format, players have more control over how much money they are willing to spend on their lotto tickets, which in turn affects how much they could walk away with if they are lucky enough to match the winning numbers. If you’re looking for something different from traditional international lotteries, Golden Chance Lotto might be the game for you, but for most global players its prizes and odds won’t impress.

User Reviews and Comments (1)