The country that occupies the landlocked region in the southern part of Africa is Zimbabwe; it emerged as the Republic of Zimbabwe on the 18th of April 1979. Here, it can be said that the roots of gambling stretch back to the original lotteries and up to the present day regulated sports betting and online gambling. To the enthusiast of this lively place, it is imperative to know the legal aspects and the best betting sites in Zimbabwe. This article will help you understand the guidelines of betting in Zimbabwe, the best betting platform, and the culture of betting.
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Table of Contents
Summary of Key Events
Brief History of Zimbabwe’s Gambling Laws
The history of gambling in Zimbabwe has been on the rise for several years, with noteworthy events that define today’s situation. Let’s take a look at the key moments in the history of Zimbabwe’s gambling laws:
- 1935: Lottery was legalised, but the inhabitants of African origin were allowed to engage in it only from 1959.
- 1960: The Pools Control Act legalised pool betting.
- 1976: The Betting and Totalisator Control Act is the law that legalised sports betting.
- 1980: Zimbabwe got its independence hence making it a republic.
- 1998: The Lotteries and Gambling Act was adopted; it legalized casinos and, in addition, made changes to the gambling regulation.
- 2002: An amendment to the Lotteries and Gaming Act provided for legalisation of online gambling.
- 2022: New measures were introduced in order to control and tax the activity of online gambling even more.
Regulate Gambling of Betting Sites in Zimbabwe
The operations of gambling in Zimbabwe are governed by legal frameworks to make sure that all the activities take place within the law. The chief regulatory body is the Lotteries and Gaming Board which has the mandate of regulating the issuance and withdrawal of licenses in the gambling sub-sector. The State Lotteries of Zimbabwe control the lottery business. These agencies are constituted to ensure the uprightness of the gambling business and the customers.
Prohibited and Permitted Bets
The government of Zimbabwe has laid down certain laws that define what is legal and what is not legal concerning gambling in the country. Here’s a quick rundown:
Permitted Bets:
- Sports betting
- Lottery
- Casino games
- Online gambling (regulated)
Prohibited Bets:
- Unlicensed gambling activities
- There are cases where a person offers a bet on some events which are considered to be socially sensitive.
Gambling permits and charges in Zimbabwe
All the gambling businesses in Zimbabwe must be registered with the Lotteries and Gaming Board to be legally recognized. There are different types of licenses namely; the casino licenses, the bookmaker licenses and the gaming house licenses. Digital based gambling companies need to secure for themselves licenses from physical based gambling as there are no licenses for digital only gambling.
License Requirements
Applicants must provide the following documentation:
- A clear business plan that would show the credibility of the financials.
- Certificate of Incorporation
- Memorandum and Articles of Association of the Company/ Inc.
- A list of the so called beneficial owners, the associates, and shareholders.
- This is the verification of the availability of funds required for the project.
Fees
- Initial license fee: $250,000
- Annual renewal fee: $50,000
Zimbabwe Sports Betting Taxes
Gambling activities across the country are subject to different taxes in order to boost the government revenue. The 2023 national budget proposed by the government raised VAT from 14. 5% to 15%. Here are the applicable tax rates:
- Gambling tax: 15% of the Gross Gambling Revenue.
- Online gambling tax: The taxes which have to be paid to the reclaiming authority are 15% on the gross gambling revenue.
- Sports betting tax: As for the Malta Gaming Authority: 0. 15% of the gross amount of bets received in the financial year; Malta Lottery and KENO: 0. 3% of the gross receipts of the financial year; and all other gaming activities: 1. 5% of the gross gambling revenue received in the financial year.
- Lottery tax: This is at 15% on the gross gambling revenue.
Also, the sports betting winnings are subject to a 10% withholding tax while casino winnings are subject to a 15% tax. These taxes are removed by the companies hence the players are not required to pay any other taxes.
Best Betting Sites in Zimbabwe
Unfortunately, not all the sites that offer the service of online betting are similar in quality. Here are three of the best betting sites available to Zimbabwean punters:
Megapari
Megapari Zimbabwe: Generally, it is popular for offering high odds and a rich choice of the events, including the virtual ones.
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Betwinner
Betwinner Zimbabwe: It has a wonderful list of markets and live streams for some of the games.
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Betmaster
Betmaster Zimbabwe: Offers great customer service and some offers including cashback options and free bets.
Up To £1000 + £10 Free Bets
Sports Milestones in Zimbabwe
Like any other country, Zimbabwe has a lot tocelebrate in the sports world having achieved so much. Here are some key milestones:
- 1980: The Women Field Hockey team of Zimbabwe emerged winners of the gold medal at the Moscow Olympics.
- 2004 & 2008: Cyclist Chris Hoy won several gold medals in the Athens and Beijing Olympics and Swimmer Kirsty Coventry also won several medals including gold.
- 2005: This paper recognizes Zimbabwe’s national rugby team, the Sables, for winning the Africa Cup.
- 2001: Cricketer Andy Flower made a double hundred against India which is a record.
- 2018: In the Commonwealth Games, Zimbabwe did very well and emerged winner of a total of 11 medals.
Sports Star Glory
Zimbabwe has been privileged to have produced great sportsmen/women who have placed the country on the map.
- One cannot talk about the swimmers without mentioning the spectacular Kirsty Coventry who sparkles with her Olympic medals and world records.
- Peter Ndlovu became the first footballer from Zimbabwe to play in the English Premier League.
- Heath Streak is one of the cricketers from Zimbabwe who has made it to the 200 wickets club in Test cricket.
Gambling Laws of Neighboring Countries
For a broader perspective, let’s briefly summarize the gambling laws and regulatory agencies in three neighboring countries:
- South Africa: Legal land based and online gambling is governed by the National Gambling Board in the country.
- Botswana: Both, traditional and online gambling is regulated by the Botswana Gambling Authority with very stringent measures on licensing.
- Mozambique: It is legal and has its regulation through the Mozambique Gambling Board that also provides license for different gambling activities.
Conclusion
In this regard, Zimbabwe presents a lively and well-organized framework for gambling with numerous options for bettors. No matter whether you are into sports betting, online gambling, or casino games, the legal provisions of the country are quite clear and require you to indulge in the activity in a lawful manner. In order to have the best experience in betting, it will be useful to register at the sites listed above.
FAQ: Betting Sites in Zimbabwe
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