Operators who want to run the state lottery must secure a guarantee of N$100 million, says Michael Mutonga, Chairperson of the Lotteries Board.

Mutonga says the board does not have the ability to run a multi-billion-dollar project like the state lottery, hence the need for a private licensee.

The Lotteries Board of Namibia (LBN) is cautioning the public that the multi-million dollar online real estate lottery, the Namibia Property Raffle Project, has not been approved by the board and is thus operating illegally.