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In general, using a VPN for sports betting and gambling is legal if such an activity is allowed in your country or state. At the same time, the legality of online casinos and lotteries varies, as every country has its own laws and regulations in this regard.
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Maximum bet amounts are the largest stakes that a punter can bet on any given market. Maximum payout amounts are the max amount a punter can win from any one bet. Bookmakers use maximum bet & payout amounts as a form of insurance against making large losses.
The maximum withdrawal limit per transaction is NGN 9,999,999.00 as such, you will need to make multiple withdrawal requests.