The Gaming Board of Tanzania (GBT) has set its sights on collecting an ambitious 200 billion Tanzanian shillings (Tsh) through sports betting in the 2024/25 fiscal year. This target marks a nearly 18 percent increase from last year’s goal of 170 billion Tsh.
Boosting GDP with Bets
James Mbalwe, the Director General of GBT, shared his optimism about the growth of the sports betting sector. “The sports betting sector has made significant progress and substantially contributed to GDP. The coming of BetWinner is welcomed,” Mbalwe stated.
He stressed the importance of ethical, responsible, and transparent operations among betting companies to ensure fair competition and sustainable growth in the sector.
BetWinner’s Bold Entry
BetWinner, a prominent player in the betting industry, has its eyes set on enhancing the Tanzanian market. Managing Director Jesse Ndambala proudly highlighted their competitive edge.
“Apart from having good odds, we have introduced significant innovations in our games. Our goal is to enhance entertainment and competitive spirit in the sports betting sector,” Ndambala said.
Innovations and Bonuses
BetWinner is rolling out a series of innovations aimed at enhancing user experience. They’re not just about better odds; they’re upping the ante with a 100 percent bonus as a welcome offer for new customers. This move is expected to attract a significant number of new bettors eager to take advantage of the lucrative starting incentive.
While football remains a cornerstone of sports betting, BetWinner plans to diversify its portfolio by investing in other sports, such as golf and netball. This strategic move aims to capture a broader audience and offer a more varied betting experience.
BetWinner is committed to providing top-notch services, including immediate payments to winners, which is a significant draw for customers. The company’s dedication to swift and reliable payouts is set to boost its reputation and attract more bettors.
Expanding Across Africa
BetWinner is no stranger to the African betting scene. With operations in Kenya, Nigeria, Ghana, Zambia, and Uganda, it brings a wealth of experience and a robust operational framework to Tanzania. Its entry into the Tanzanian market is expected to drive growth and set new standards in the industry.
With the GBT aiming for a hefty 200 billion Tsh in revenue and BetWinner’s ambitious plans to dominate the market, the Tanzanian sports betting sector is poised for a dynamic year. The synergy between regulatory bodies and betting companies like BetWinner could herald a new era of prosperity and innovation in Tanzania’s betting industry.
As the new fiscal year approaches, all eyes will be on how these targets are met and the impact on the local economy. For now, both GBT and BetWinner are betting big on Tanzania.
