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Tanzania's Gaming Board targets 200 billion TZS in sports betting revenue for 2024/25 Market analysis TanzaniaThe Gaming Board of Tanzania (GBT) aims to collect approximately 200 billion Tanzanian Shillings (TZS) through sports betting in the fiscal year 2024/25, as reported by local media outlet Daily News. This target represents an increase of nearly 18% from the previous year's goal of 170 billion TZS.July 24, 2024 -
ITHUBA partners with Tanzania's SF Group for $20 million investment TanzaniaSouth Africa’s national lottery operator, ITHUBA, has received official approval to extend its operations into Tanzania. In a brief ceremony held on Monday, July 1, 2024, at the Tanzania Gaming Board headquarters in Dar es Salaam, the national lottery license was formally handed over to ITHUBA Tanzania.July 7, 2024 -
Tanzania considers 3% tax on crypto transactions Tanzania RegulationTanzania is looking to boost government revenue by introducing taxes on cryptocurrency transactions and income earned by digital content creators. This proposal comes from Finance Minister Dr. Mwigulu Lameck Nchemba Madelu, who presented the plan during a recent National Assembly meeting.June 23, 2024 -
Tanzania proposes 10% excise tax on betting, gambling, and National Lottery to fund universal health coverage Tanzania RegulationTanzania's Minister for Finance, Dr. Mwigulu Nchemba, has introduced a proposal to impose a 10% excise duty on betting, gaming, and national lottery stakes. The revenue generated from this tax will be ring-fenced for the Universal Health Insurance Fund, aiming to enhance healthcare accessibility for individuals who cannot afford it.June 15, 2024 -
SportPesa rewards Tanzanian Champions Yanga with TZS 537.5 million TanzaniaYoung Africans (Yanga), the champions of the Tanzania Mainland Premier League, have been awarded a check for TZS 537.5 million by SportPesa in recognition of their exceptional performance in the 2023/24 season. Yanga's impressive run saw them lift the Premier League title for the third consecutive season.June 8, 2024
