EXPERTS TANZANIA Tanzania’s gambling tax rates are 25 percent of gross gaming revenue 11 months ago Szarlot Post Views: 284 In Tanzania online casinos have been licensed to operate since 2013. The first casino licence was issued to the now defunct iplay8casino.com6. Its demise may have resulted from the low (15 percent) internet adoption. Since then, Tanzania’s internet infrastructure has benefited from rapid expansion. So much so, that the government was prompted to regulate internet gambling. At the end of 2022, Tanzania’s internet penetration rate was 50 percent, able to sustain multiple internet betting companies and keep a few Tanzanian digital casinos viable in the long term. Only digital casino platforms with a licence from the Gaming Board of Tanzania can accept players from the country. Offshore operators can also acquire a licence, provided they set up Tanzanian subsidiaries. Using unlicensed online casinos is illegal, although there is no enforcement regarding ordinary players. Online casino licence fees cost US $40,000 annually. Apart from the fixed fee, gambling tax rates apply at 25 percent of gross gaming revenue (GGR) for internet casinos, and online gambling companies are required by law to charge a 10 percent tax on the net winnings of Tanzanians. Cryptocurrencies are not regulated in Tanzania. Consequently, bitcoin casinos are also unregulated. Because of the lack of specific regulation and official legalization, none of the bricks and mortar casinos in the country accepts virtual currencies, and none of the Tanzania-licensed online gambling websites accept crypto coins. However placing bets with bitcoins, litecoins, Ethereum, and similar crypt tokens is not illegal, and players who play in offshore bitcoin online casinos are not sanctioned or prosecuted and Tanzanian internet service providers do not block these sites. Bitcoin casinos that accept players from Tanzania include Slot live casino and sportsbook. Source: sigma.world About Post Author Szarlot I am a fan of casino games especially roulette and blackjack. After that I analyze current events in the gambling industry. See author's posts SzarlotI am a fan of casino games especially roulette and blackjack. After that I analyze current events in the gambling industry. Facebook Twitter LinkedIn Email Print Tags: crypto, igaming, rules, Tanzania Continue Reading Previous FG approves 173 loan apps, bars illegal online banks in NigeriaNext Top-5 Self-Exclusion Options Instead of GamStop for Nigerian Gamblers More Stories EXPERTS NIGERIA Changes and Challenges in Nigeria’s Gambling Industry 8 hours ago Samuel EXPERTS NIGERIA Zu Tohtayeva will be joining us as a speaker at AGE LAGOS 2024 8 hours ago Samuel EXPERTS GHANA GRA’s 10% tax on games of chance: A double-edged sword? 8 hours ago Szarlot ETHIOPIA EXPERTS Ethiopia’s $250 Million Bet on Bitcoin Mining and AI 8 hours ago Samuel EXPERTS NIGERIA When Gbajabiamila was honoured in UK for transforming lottery to entertainment in Nigeria 1 day ago Samuel BETTING TANZANIA Tanzania and the growth of the sports betting market 1 day ago Samuel EXPERTS SOUTH AFRICA South Africa lined up to host SiGMA Africa 2024 expo 1 day ago Iwo Bulski EXPERTS Objectives of Marketing a sports betting company 2 days ago Tools EXPERTS NIGERIA Mark Pace will be speaking at AGE LAGOS 2024. 5 days ago Szarlot EXPERTS NIGERIA Gambling Addiction Is Becoming An Urgent Problem In Nigeria 5 days ago Szarlot ETHIOPIA EXPERTS We need Ethiopia’s boldness or Congo’s desperation to innovate 6 days ago Szarlot EXPERTS NIGERIA Nigeria’s casino market: a future outlook 1 week ago Samuel Leave a Reply Cancel replyYour email address will not be published. Required fields are marked *Comment * Name * Email * Website Save my name, email, and website in this browser for the next time I comment. Δ This site uses Akismet to reduce spam. Learn how your comment data is processed.