The Rise of the Online Casino Industry in Uganda How Online Casinos Gained Popularity in Uganda
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Uganda's economy has grown rapidly in the past several years thanks to the country's mineral deposits and natural resources. Uganda is one of few African countries praised for its high economic growth rates and stability. The country has a growing online casino industry. It is based on the Investment Code that has been in force since 19991 and offers a range of tax incentives to both foreign and local investors.
Gambling laws in Uganda were updated back in 2013 thanks to the Lottery and Gaming Bill. The Lotteries and Gambling Act that was amended back 2017 reduced the Ugandan gaming tax from high 35% to 20%. Today, there are just several land-based casinos operating in the country with sports betting activities being the most popular. Online casino gaming industry in Uganda has been on the rise in last several years.
The National Gaming Board Uganda is responsible for licensing all gambling operators in Uganda and supervising all operations in the gambling industry. The board also has the right to conduct examinations, investigations, and inspections of all operators. The Lotteries and Gaming Act that has been in force since 2016 is the main piece of legislation that streamlined several gambling laws in Ugandan.
Licensing all operators of casinos, lotteries and betting houses in Uganda. Regulating all gambling operators in the country. Supervising all operations in gambling industry. Promoting transparency, honesty and integrity in industry and resolving complaints.
The internet penetration rate in Uganda is lower than in other African countries. However, the internet use has been on the rise and local entrepreneurs are using it to boost their businesses. The Uganda online casino industry is on rise following the emergence of international brands such as Betway, 888 Casino, Genesis Casino and Spin It Casino. The market is fully licensed and regulated by the National Lotteries and Gaming Regulatory Body. There are low margins and favorable fixed costs. Online casino gambling activities are widespread in the country. Sports betting activities remain the top choice for Ugandan gamers.
