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Browsing: Gaming Board of Tanzania
- Africa’s gaming market is estimated at $1.9 billion this year and will hit $3.33 billion by 2028.
- With increased connectivity, Africa’s online gaming industry is firmly on a growth trajectory.
- The pandemic slashed global revenues from the casino industry 31 per cent in 2020 compared to 2019.
It may be late in joining the casino industry but Africa’s online gaming industry is certainly making up for lost time. And it is doing so online. Currently, Africa gaming market is estimated at $1.9 billion. It is expected to reach $3.33 billion by 2028, growing at a compound annual growth rate of 11.62 per cent.
The pandemic caused a 31 per cent decrease in global casino sector income in 2020 compared to the previous year. Projections show worldwide casino hotel market will rise by an average of 4 per cent starting in 2020. As it did with the hospitality and tourism industries, …
There has been a recorded steady growth in the gaming industry in Tanzania, since the 2000s.
In a country that collects approximately US$ 6 billion in tax revenue per year, the gaming industry(casino gambling, sports betting, lottery, and slot machines) might come in handy to Tanzania Revenue Authority (TRA) when seeking taxes, even the Gaming Board of Tanzania, Director General, James Mbalwe affirms the sectors stake into the economy, during an interview with a local media outlet.
“We took a look into the industry, and its contribution to the GDP is around 3 percent” Director-General added
“Biko”,” Tatu Mzuka”, “Moja Spesho”- these popular money making numbers-gaming spheres have contributed immensely in stimulating the sports industry and gaming at large, as more people get attracted into the industry expecting an extra incentive apart from the leisure itself.