Uganda's National Lotteries and Gaming Regulatory Board Reports Significant Revenue Growth

In a meeting with Members of Parliament, Denis Mudende Ngabirano, the head of the National Lotteries and Gaming Regulatory Board (NLGRB) in Uganda, revealed substantial revenue growth from gaming activities. The NLGRB collected over UGX 151 billion (approximately $40 million) in the financial year 2022/23. Mudende highlighted the remarkable progress, noting that annual revenue had surged from UGX 17.4 billion in FY 2015/16 to the current UGX 151 billion. The board anticipates reaching UGX 160 billion by the end of FY 2023/24. The current figures represent a 200% increase since Mudende assumed the role of Acting Executive Director in 2021.

Mudende informed lawmakers about the NLGRB's ambitious targets, aiming to collect UGX 300 billion from gaming activities in the financial year 2024/25. Last year, the Finance Minister, Matia Kasaija, issued the National Lottery operating license to Ithuba Uganda, committing to invest $15 million. The launch of the national lottery is scheduled for May 4, 2024. The lottery is expected to contribute an estimated UGX 147 billion over the next ten years, with 60% allocated to gaming tax and 40% to non-tax revenue for social causes. The NLGRB projects the creation of approximately 1,700 jobs and the establishment of essential facilities such as a primary data center in Kampala and regional offices in various cities.

Mudende emphasized the NLGRB's commitment to enhancing oversight and protection for citizens participating in gaming activities. The board has completed the development of an online sports betting and casino monitoring module for the National Electronic Central Monitoring system. This system aims to monitor significant events related to betting and gaming activities, improve revenue collection, and safeguard citizens against adverse effects. Online operators are required to integrate with the system by the end of June 2024. Additionally, Mudende highlighted the NLGRB's efforts in combating illegal gaming, blocking access to 17 unauthorized gaming sites and confiscating 2,869 illegal gaming equipment.

The NLGRB's proactive measures align with the broader goal of promoting responsible and regulated gaming while ensuring that the industry contributes positively to the country's economy and social development.

By fLEXI tEAM