Uganda: Gaming Sector Revenue Collections Cross Shs 150bn Mark

The new National Lotteries and Gaming Regulatory Board (NLGRB) collected over Shs 151bn from gaming activities in Uganda in the financial year 2022/23.

“The annual revenue collection by the National Lotteries and Gaming Regulatory Board has grown from Shs 17.4bn in FY 2015/16 to Shs 151bn in FY 2022/23,”

– said NLGRB boss, Denis Mudende Ngabirano while meeting MPs on Monday afternoon.

“In the First half of FY 2022/23, total revenue collected was Shs 81bn,” said Mudende, adding, “our projected revenue by end of FY 2023/24 is Shs 160bn.”

Mudende started serving as Acting NLGRB Executive Director from 2021 when he took over from Edgar Agaba who was charged with embezzlement of public funds.

NGLRB’s current revenue collections represent a 200% growth since Mudende found NLGRB collecting less than Shs 45bn per annum in 2021.

Mudende told lawmakers that NLGRB hopes to collect Shs 300bn from gaming activities in the financial year 2024/25.

Last year, Finance Hon Minister Matia Kasaija issued the National Lottery operating licence to Ithuba Uganda which has committed to invest $15m. The national lottery will be launched on May 4, 2024.

“The national lottery will provide an estimated Shs 147bn for the next ten years effective FY 2024/2025 out of which 60% of the proceeds is gaming tax and 40% is non-tax revenue for good causes,” – said Mudende.

He further said the national lottery is expected to create an estimated 1,700 jobs; construct a primary data centre in Kampala and regional offices in Gulu, Mbale, Area, Mbarara and FortPortal

Mudende said priority shall be given to sports facilities development in the utilisation of the funds raised from the national lottery.

Meanwhile, the Board has finalised the development of the online sports betting and casino monitoring module of the National Electronic Central Monitoring system.

This is expected to enable the Board to monitor significant events associated with betting and gaming activities of the operators.

“Specifically, it will enhance revenue collection and help in protecting the citizens against adverse effects of gaming,” said Mudende, emphasising, “All online operators are required to interact with the system before the end of June 2024.”

Ugandans have previously fallen victim to fraudulent online gaming sites, with hundreds losing millions of shillings.

Mudende told MPs that the Board has so far blocked access to 17 illegal gaming sites and confiscated 2,869 illegal gaming equipment.

Source: chimpreports.com

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