Harare Town
Gambling in Zimbabwe has long been part of the local economy. This is not only an increase in tax contributions to the budget, but also problems that hinder the development of the gambling industry. The country’s government is struggling to legalize the industry and is constantly developing new bills that will allow it to be regulated more effectively.
Growing gambling industry
The iGaming market in Zimbabwe is experiencing high growth rates. Statisticians have recorded an 8,5% growth in gambling revenue in 2023. Despite this, gambling lags far behind the tourism sector, which brings the main income to the treasury. The pace of development of gambling companies is impressive, and soon this industry may equal tourism. For this purpose legalization of online gambling was carried out.
Every year more and more operators come to the Zimbabwean market who are ready to invest their money in the development of the industry. This becomes noticeable after analyzing the search results, which are dominated by well-known casinos 1win, Megapari or Pin Up.
The most positive reviews were received by Mostbet, which offers the most bonuses. To participate in the promotion, you need to use the Mostbet no deposit promo code when registering. After that, the bonus will be automatically credited and will be available for use. Obviously, players from Zimbabwe like such promotions and variety of games. All this is available directly from their phones.
Why online gambling?
Many countries on the contrary prohibit the legalization of online bookmakers and online casinos operating on the Internet. The government of Zimbabwe has decided to go its own way. With the expansion of internet opportunities, many locals have become interested in gambling.
Specialized measures are needed to minimize the negative impact on the locals.
Economic opportunities associated with the growth of gambling
What benefits from the growth of the gambling industry in Zimbabwe:
New jobs are created. The service staff in casinos is made up of locals. Advertising agencies, technicians, content creators are also drawn from locals.
Increased tax revenue. The industry is regulated by the National Lottery and Gaming Authority. Both land-based and online casinos pay taxes to the treasury. The deductions depend on the amount of winnings and range from 10% to 15%.
Tourism development. Tourism is an important industry for Zimbabwe. Therefore, tourist and resort areas attract gambling operators who build their casinos on their territory. This also attracts tourists who more often than not choose gambling establishments as a leisure activity.
Africa is a region where there is a particular increase in interest in gambling. Such a trend has a positive impact on the local economy. But we should not forget about the negative consequences that the authorities may face. It is necessary to work out all legislative documents to regulate the gambling sphere.