Botswana
Although the population of Botswana, around 2.6 million, is relatively small, Botswana has one of the fastest growing economies in the world. Growth is linked to its strong political and economic institutions, which have made the country the most prosperous nation in the region. Following a strong recovery of almost 12 per cent growth in 2021, Botswana’s
There are around nine casinos in
Botswana with the government looking to increase this number by another four at least. In addition, the board is to allow 2,000 gambling machines with limited bets and payouts (LPMs) in
bars, off licences and restaurants. The GA’s chief of staff, Moruntshi
Kemorwale, said that that the gambling establishment route operator would
operate on a profit- sharing
arrangement. P160 WIRE / PULSE / INSIGHT / REPORTS
economy grew by 5.8 per cent in 2022. Botswana’s growth is expected to slow to 3.8 per cent in 2023 but growth is forecast to rebound gradually in 2024 and 2025, to above four per cent according to the IMF.
While the gambling industry is relatively new, the government has made a commitment to expand the industry and this expansion is not limited to sports betting, but land- based slots and casinos too. Gambling halls and bingo parlours are already permitted.
Te Gambling Authority (GA) only went into operation in 2016 even though it had been created around five years before this date. Te GA is actively seeking to expand and diversify gambling in order to create jobs. In 2019, then Chief Executive Officer of the GA, Tuli Johnson, announced that the agency’s role was to facilitate the growth of the gaming industry, adding that the GA had been
While no sports
betting licences have been issued, applicants were
invited to submit applications for totalisator and bookmaker licences earlier this year. All of these activities will be connected to a
Central Electronic
Monitoring System (CEMS) once the
board has selected a service provider.
granted approval by the Minister of Investment, Trade, and Industry to issue a national lottery licence, casino licences as well as licences for sports betting. In 2021, Johnson further outlined the government’s commitment to allowing for an expansion of the market. Johnson outlined three areas that formed the basis for the board's plans: a national lottery, sports betting and the beginning of a horse racing industry.
Tere are around nine casinos in Botswana with the government looking to increase this number by another four at least. In addition, the board is also looking to allow around 2,000 gambling machines with limited bets and payouts (LPMs) in bars, off licences and restaurants. Te GA’s chief of staff, Moruntshi Kemorwale, said that that the gambling establishment route operator would operate on a profit-sharing business arrangement of 60:40 ratio and the agreement would be subjected to
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