malvernmugadzikwa
Vladimir Dube
THE Lotteries and Gaming Board (LGB) last year collected close to US$1 million in levies and licensing fees from betting houses, casinos and lotteries.
The amount is the same as the $1 billion (or US$1,1 million based on the December 2022 official exchange rate) realised the previous year.
Zimbabwe has more than 400 licensed bookmakers, casinos and lotteries, with 82 new players having been licensed in 2022 alone.
The betting industry has been on a growth trajectory in recent years, with 326 bookmakers, and 54 virtual gaming and 19 gaming operators currently licensed to operate in terms of the law.
In addition, there are eight promotional lotteries (for corporates running promotional competitions), seven permanent casinos and one totaliser licensed to operate in Zimbabwe.
A totalisator, also known as a tote, is a type of betting system used in various gambling activities, most commonly horse and dog racing.
In an interview with The Sunday Mail, LGB interim secretary Dr Misheck Chingozha said the gaming industry was growing.
Lottery and gaming operators must obtain licences from the LGB to operate legally.
These licences come with fees that contribute to the board’s budget. The licence fees vary depending on the type of operation, its size and other factors.
The LGB also collects levies from licensed operators, which can be fixed charges based on revenue or profits, or variable rates based on specific activities.
In addition, the LGB has the authority to impose penalties and fines on operators who violate regulations or engage in illegal activities.
According to Dr Chingozha, the bulk of the funds were being used to fund various socio-economic development projects around the country.
“Currently, we are working on the Pupu Clinic project, which is in Lupane,” he said.
“This project is almost complete.
“At the Pupu Monument, the board also helped by drilling a solarised borehole.
“In Masvingo, the board is currently working on the Harava waiting shelter for expectant mothers.
“With this intervention, we are hoping that many families are going to be assisted a great deal.”
The board is also constructing an exhibition gallery at Kamungoma in Gutu, Masvingo province.
“Recently, we commissioned a classroom block in Penhalonga, Manicaland.”
Further, LGB is working on flushing out unlicensed operators.
Experts say the widespread use of mobile phones has facilitated easier access to online betting and gaming platforms, while aggressive marketing campaigns by betting companies is driving the industry’s growth.
Online Reporter
Bongani Ndlovu