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How to Withdraw from iLOT Bet [Complete Guide]

iLOT Bet's Withdrawal Process

iLOT Bet is a sport betting platform just like Bet9ja, Sportybet and 1xBet. However, many users have been facing difficulties withdrawing their winnings on these betting platforms (especially the iLOT Bet) due to one hindrance or the other.

To come with a solution to this, we’ve compiled this article to guide you on how to withdraw your betting wins on iLOT directly into your bank account or your Fin-Tech Apps like OPay and PalmPay. The iLOT Bet is available on both mobile app and web, withdrawal can be made from both interface without hassles, but you might have to meet some certain requirements before you’ll able to cash out your winnings.

Betting is a risk game (WAGER) because it’s an unpredictable action, if you’re lucky and you win your stack, cashing it out shouldn’t be problem. This is what got me wondering when I see alot of users complaining about not been able to withdraw their money on the iLOT Bet Nigeria.

Although, this might have happened due to some certain reasons including withdrawal limit, requirements and money frozen on iLOT. However, you don’t have to worry about all these because we’re going to walk you through everything you need to know about withdrawing on iLOT Bet.

iLOT Bet: Things You Should Know

Due to inability of bettors to withdraw their winnings on the betting platform, people have been wondering if iLOT Bet is Legit o NOT. iLOTBet is an integrated sports and lottery betting site in Nigeria. The Nigerians’ online bookmaker and gambling company was founded by Uma Ntima.

Additionally, iLOT is a registered sport betting and gambling company in Nigeria. The platform is licensed under the National Lottery Regulatory Commission (NLRC) and it’s doing business as Luck9ja Lotto Limited.

These reviews shows that iLOT is one of the legit sport betting and casino gambling online platform in Nigeria. Deposits and Withdrawals on iLOT are set on limitations and requirements. So, if you want to cash out your winnings successfully, you’ll have to adhere to iLOT’s policies.

For users that get free money on iLOT Bet in Nigeria, withdrawal process is different from regular users who deposit money for betting. If you earn free money on the iLOT.NG, you can only withdraw your money when it accumulates to N1,000 within 72 hours.

Requirements for Withdrawing on iLOT Bet

Before you can withdraw your winnings/earnings on the iLOT betting site/app, you have to meet these requirements:

  • You must be 18 years and above.
  • You must place at least one bet. (optional for free money earners)
  • Minimum withdrawal amount is N1,000
  • You can only withdraw to banks in Nigeria and other licensed digital banks like PalmPay, OPay and Flutterwave.
  • The you’re withdrawing to must carry the name on your iLOT Bet Account.
  • You can also withdraw to same credit card you use to fund iLOT wallet.
  • Likewise Sportybet, you may be required to provide your bank verification number (BVN) to increase your limit of withdrawal per day or at a time.
  • More so, your BVN info must tally with your iLOT Account’s personal info.
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Once all these withdrawal requirements are met, you can proceed to the withdrawal page to cash out your earnings directly to your Bank Account in Nigeria.

How to Withdraw from iLOT Bet

You can withdraw money from iLot bet online or in-app to your bank account, PalmPay and OPay Account. However, do note that the minimum withdrawal on iLOT Bet is N1,000. Follow these steps to withdraw money on iLOT:

  • First of all, access your account using your “iLOT Bet Logins” (iLOT Bet User ID and Password).
  • Navigate to “iLOT Section” in your dashboard.
  • Select “Withdraw” and choose your preferred payment option e.g Bank Transfer, Credit/Debit Card, USSD, OPay and PalmPay.
  • Enter your desire “Amount” you want to withdraw.
  • Input your iLOT PIN
  • Tap “Withdraw”

Usually, it takes 30 minutes for withdrawal to be completed and reflect in your bank account. So, be patient while the withdrawal is processing.

How to Fund iLOT Bet Account

Follow these steps to deposit money into your iLOT Account:

  • Login to your iLOT Bet Account.
  • Tap on “iLOT Section” and select “Mode of Payment”
  • You can deposit money using Visa/MasterCard, Bank Transfer, Coupon, e.t.c. Select your preferred payment methods.
  • Input “Amount” and enter Card Information.
  • You will receive an OTP via SMS or Email, confirm the OTP and your iLOT wallet will be credited.

However, it’s important to note that the minimum amount you can deposit range from ₦100.00 or ₦9,999,999.00.

How to Use iLOT Coupon on OPay

You can use iLOT coupons on OPay to fund your iLOT Bet Account. OPay coupons and e-vouchers is a reward earned when certain daily tasks are completed. When you earn iLOT Coupons on the OPay App, you can actually use to fund your iLOT wallet to wager games.

iLOT Bet Coupon on OPay

Follow these steps to use OPay iLOT’s Coupon:

  • Login to your OPay App
  • Tap on the ‘Reward” tab beneath your screen.
  • Look for iLOT Coupon (generally, Bet Coupons also works for iLOT).
  • Tap on the Coupon and proceed to the payment.
  • Input your “iLOT Bet User ID”.
  • Input “Amount”
  • Enter your OPay Transaction PIN
  • Tap “PAY”

Automatically, the coupon balance will be transferred to your iLOT Bet Wallet. Learn more about the general usage of OPay’s Airtime and Data Vouchers and Coupon.

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How to Use iLOT Coupons on PalmPay

Using iLOT Coupons on PalmPay is simple. Likewise OPay’s similar processes, simply go-to payment page on your PalmPay Account. Select “Betting” >> “iLOT” >> “iLOT User ID“, tap on more and select “iLOT Coupon” >> “Input Amount” >> “PalmPay PIN” and tap on “PAY“.

Once the coupon payment is completed, the amount will be credited into your iLOT Account. To learn more about PalmPay Cashback, Vouchers and Coupons, go-to this page.

FAQs about iLOT Bet Withdrawals

Why can’t I withdraw from iLOT Bet?

There are numbers of factors that might be blocking you from withdrawing your winnings on iLOT Bet. Some of them includes Withdrawal Limit, Not meeting withdrawal requirements, Below 18 years old, Account frozen and many others.

Why is my Money frozen on iLOT Bet?

Your Money might be frozen due to fraudlent activities noticed on your iLOT Bet Account. “We have the right to freeze your account while we investigate any potential money laundering” said the company.

Can I withdraw my deposit on iLOT Bet?

Yes, you can withdraw your deposit on iLOT. However, the minimum amount you can withdraw is N1,000 and the minimum amount you can depositi is N100. So, if you want to withdraw your deposit on iLOT Bet, make sure you have sufficient funds ranging from N1,000 upward.

Is iLOT Bet Legit?

Yes, iLOT Bet is Legit in Nigeria. The platform is a registered trademark of Lucky Lotto Limited which is licensed by National Lottery Regulatory Commission (NLRC).

What is iLOT Bet Minimum Withdrawal Limit?

The minimum amount you can withdraw on iLOT is limited to N1,000 per transaction.

How Can I Delete iLOT Bet Account?

If you wish to delete your iLOT Bet Account, kindly contact iLOT Customer Care and politely inform them about your account closure. Another method is simply unintall the iLOT app on your device. Maybe doing that, you’ll not be able to think about betting/gambling.

Conclusion

Withdrawing your winnings from iLOT Bet is a straightforward process that can be completed in a few simple steps. By following the instructions outlined in this guide, you can quickly and securely withdraw your funds and enjoy your hard-earned victories.

However, do remember that withdrawals are processed within 30 minutes, and you can always contact iLOT Bet customer care support if you have any questions or concerns.

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