EXPERTS TANZANIA Tanzania’s gambling tax rates are 25 percent of gross gaming revenue 2 months ago Szarlot Post Views: 89 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 WORLD NEWS How has the gaming industry changed in 2023? 13 hours ago Iwo Bulski EXPERTS UGANDA Online gambling firms accused of exploiting lucrative African markets 16 hours ago Samuel EXPERTS KENYA IMF staff agree to expand credit for cash-strapped Kenya by $1 bn 5 days ago Iwo Bulski EXPERTS RWANDA dLocal secures payment service licence for Kenya and Rwanda 6 days ago Szarlot EXPERTS ZIMBABWE African Betting Success Stories 6 days ago Szarlot EXPERTS KENYA Media Council of Kenya raises concern over rise in gambling ads 6 days ago Samuel EXPERTS KENYA KRA targets record Sh16bn in betting taxes as experts see field of landmines 7 days ago Szarlot EXPERTS SOUTH AFRICA Johannesburg Police Shutdown Illegal Online Gambling Shop in Randburg 7 days ago Szarlot EXPERTS WORLD NEWS SPiCE Series – Bridging iGaming Across Asia 1 week ago Iwo Bulski EXPERTS KENYA Exploring the Pros & Cons of Gambling In Kenya 2 weeks ago Szarlot EXPERTS WORLD NEWS The Transformative Role of CRM: Why Sales and Marketing Professionals Should Embrace Customer Relationship Management Tools 2 weeks ago Tools EXPERTS WORLD NEWS The Globalization of Online Casinos and Gambling 2 weeks ago Szarlot 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.