The Betting and Casino Market in Tanzania

The Betting and Casino Market in Tanzania

Introduction

The gambling and sports betting market in Tanzania has shown significant growth in recent years, thanks to an increase in the number of internet users and the growing popularity of mobile betting. The gambling sector has become an important source of income for the state budget and creates thousands of jobs.

Key Facts and Figures

The total market size is expected to reach USD 31 million by 2023. Tax revenues from the gambling industry contributed 94.8 billion Tanzanian shillings to the country’s budget in the fiscal year 2018/2019, which is 26.1% more than the previous year. The popularity of sports betting: Sports betting is the leading segment of the gambling market in terms of gross gaming revenue (GGR), surpassing retail casinos. Online casinos: Gross gaming revenue from online casinos increased by 97% compared to the previous year.

Regulation and Licensing

The gambling market in Tanzania is regulated and controlled by the Gaming Board of Tanzania (GBT), established in accordance with the Gambling Act No. 4 of 2003. The Board issues licenses for both land-based and online betting operators.

Impact on the Economy

Gambling and sports betting have a significant impact on Tanzania’s economy, creating over 20,000 jobs and contributing more than 3% to the country’s GDP.

Licensed Bookmakers

Several licensed bookmakers operate in Tanzania, including Betwinner, Galsport, Gwalabet, PMBet, and 1xBet. These companies offer a wide range of sports betting and casino games, adhering to regulatory requirements and ensuring the safety and fairness of the gaming process.

Betwinner has only recently officially started operating in the Tanzanian market, already holding a license. The company offers a wide range of sports betting, including football, basketball, tennis, as well as e sports, and casino. Betwinner stands out with its mobile application and generous bonuses. We discovered an excellent site that is dedicated to Betwinner TZ  : michezo-ya-kubeti.com here you can find the official website and also study this bookmaker. We really liked this content and recommend it

Galsport is known for its competitive odds and a wide selection of sporting events. The company also offers loyalty and reward programs.

Gwalabet focuses on innovative products, such as live betting, and actively participates in social programs.

PMBet pays special attention to user convenience through its website and mobile application, ensuring a fair and safe gaming environment.

1xBet offers high odds and a comprehensive lineup of sporting events, actively investing in the development of sports and social projects in Tanzania.

Conclusion

The gambling and sports betting market in Tanzania continues to grow, attracting more players and investments. The Government of Tanzania recognises the significance of this sector for the country’s economy and is actively working to create favourable conditions for its development. With the increased accessibility of the internet and mobile devices, as well as the improvement of the regulatory framework, further growth and development of the industry are expected.