On August 5, 1960, it became independent and established the Republic of Upper Volta. On August 4, 1984, it was changed to Burkina Faso. Sporting activities betting and online casinos are increasingly becoming popular forms of gambling in Burkina Faso. This West African country is very much into sports and with the current development in the betting regulation and online platforms. In this detailed article, we will discuss the aspects of Gambling laws, Regulatory authorities, Best betting sites in Burkina Faso, and the Evolution in this industry.
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Table of Contents
Summary of Key Events
The Increase of Betting Activities in Burkina Faso
Gambling has now taken the country by storm and more people are trying to join in on the action and put their money down on sports of their choice. This has been accelerated by the availability of the online betting platforms and the sports loving culture of the country.
What exactly is a Sports Betting Site?
A sports betting site is an internet based service that allows its clients to participate in betting on different sports. These platforms provide a variety of betting options of football, basketball, tennis, and horse racing and many more. There are many betting sites in Burkina Faso that have been adopted by many persons due to their easy to use interface and a number of markets they offer.
Advantages of Engaging in Betting on Sports Online
Sports betting sites offer several benefits to users, including:
- Hence convenience of betting from anywhere, at any time.
- Availability of a vast number of sports and events for betting.
- Competitive odds and promotions.
- Real time coverage of many matches.
Gambling Laws of Betting Sites in Burkina Faso
The topic of gambling in Burkina Faso can be considered as rather topical and historical. Here are some key milestones:
- 1967: Setting up of the National Voltaic Lottery (LONAVO) through the ordinance No. 67025 / PRES / MFC of May 10.
- 1984: The National Voltaic Lottery (LONAVO) is changed to Burkinabe National Lottery (LONAB) with the Order No. 8443 / CNR / PRES on the 02nd of August.
- 2008: Reform of the Burkinabe gambling law.
- 2014: Casinos and slot halls are legalized; thus, the private business is free to operate within the market.
- 2018: The Central Bank of West African States apprehended virtual currencies as not admitted in the BCEAO zone, which means that bitcoin gambling is, effectively, prohibited in the country.
The regulating bodies for gambling in Burkina Faso
The principal body that regulates gambling in Burkina Faso is the Burkinabe Gaming and Betting Control Commission (GBCC). This agency regulates all forms of gambling in the country and ensures that all the activities conducted within the sector are legal.
Prohibited and Permitted Bets
In Burkina Faso, most forms of gambling are permitted, including:
- Sports betting
- Lottery
- Betting in a casino (slot machines also).
Nevertheless, online gambling remains unregulated and, therefore, is a de facto prohibited activity. Nevertheless, it is still possible to observe that Burkina Faso players still engage in online gambling.
Licenses and Fees of Betting Sites in Burkina Faso
To run gambling business in Burkina Faso, one has to acquire a license from the Ministry of Economy and Finance. The available licenses include:
- Casino license: 5 million CFA ($8000).
- Slot hall license: The amount is 1,000,000 CFA ($1700).
Licenses are issued for five years, and there are several important conditions, for example, the proof of needed capital and the development plan.
Gambling Taxes
The gambling operators working in Burkina Faso are liable to a standard gambling tax of 15% on the gross gambling revenue. However, the national lottery is outside this category of goods and services that are subjected to this tax. The earnings of the players are not subject to tax.
Best Burkina Faso Betting Sites
Several betting sites have gained popularity in Burkina Faso, including:
Betandyou
Betandyou: Based on the review, the website features a wide variety of sports and markets such as football, basketball, tennis, and horse racing.
Up To £120 + £30 Free Bets
Megapari
Megapari: A wide range of sports and games for betting, as well as special offers and bonuses for the new players.
Up To £100 + 15% Free Bets
1xBet
1xBet: Established for its multitude of sports betting markets, casino games, great odds, and live streaming services.
Up To £100
History of Sports in Burkina Faso
Burkina Faso has a rich sporting history, highlighted by several milestone events:
- 1998 African Cup of Nations: Burkina Faso was the host nation and got to the semi-finals which can be considered as a major success in football.
- Tour du Faso: A one day cycling race taking place in November every year and is part of the UCI Africa Tour since 2005.
- Olympic Participation: Burkina Faso has been competing in the Summer Olympic Games since 1972 and has attended in many others.
Happy Birthday Burkina Faso’s Sport Icons
Burkina Faso has produced some remarkable athletes who have left an indelible mark on the global sports scene:
- Kassoum Ouegraogo: A popular football player who has all the skills that are needed on the field.
- Siaka Ouattara: Another footballer who has in one way or another affected the sport.
- Moumouni Dagano: It is the #Sport that counts and Soccer remains the game that is best known for his achievements.
All these athletes have been a pride to Burkina Faso and have set an example for the young sports persons to come in the country.
Gambling Legislation in Peripheral Countries
Burkina Faso shares borders with several countries, each with its own gambling laws:
- Benin: The country has a state owned lottery and has legal gambling services. Casinos, and to some extent sports betting, are allowed but are not very widespread due to stringent conditions.
- Ghana: Gambling is controlled by the Gaming Commission and there are numerous options that include those based on land and those that are online and these include sports betting, casinos, and lotteries.
- Ivory Coast: Games of chance are allowed with a special focus on the national lottery. Furthermore, there are some licensed casinos and there are some possibilities to bet on sports.
Conclusion
To appreciate the betting environment in Burkina Faso, it is imperative for the betting enthusiasts, as well as the operators, to research. Due to the historical development and constant changes in legislation, the country has some peculiarities in the sphere of sports betting and gambling. To ensure you are up to date with all the latest information, to bet responsibly, and to have a great time placing sports bets in Burkina Faso!
FAQ about Betting Sites in Burkina Faso
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