Uganda’s NLGRB Reports Record Gaming Revenue Growth in 2022/23
The National Lotteries and Gaming Regulatory Board (NLGRB) of Uganda has reported a remarkable increase in revenue from gaming activities, amounting to over Shs 151 billion (950 million USD) in the financial year 2022/23. This growth marks a significant rise from the Shs 17.4 billion (110 million USD) collected in FY 2015/16, showcasing the expanding footprint of the gaming industry in Uganda.
Leadership and Revenue Milestones
Under the leadership of Denis Mudende Ngabirano, who assumed the role of Acting Executive Director in 2021, the NLGRB has seen a dramatic 200% increase in revenue collections since 2021, when annual collections were less than 280 mil. USD. This achievement underlines the effective management and strategic initiatives implemented by the NLGRB in recent years.
The NLGRB projects further growth, aiming to collect 1 billion USD by the end of FY 2023/24 and anticipating a substantial 1.9 billion USD in FY 2024/25. These projections are bolstered by strategic developments, including the issuance of the National Lottery operating license to Ithuba Uganda, which committed to a $15 million investment.
Launch of the National Lottery
Scheduled for May 4, 2024, the launch of the national lottery is expected to generate significant revenue, estimated at 920 mil. USD over ten years. This revenue will be allocated to both gaming taxes and non-tax revenue for public good initiatives, particularly in sports facility development.
The national lottery initiative is set to create approximately 1,700 jobs and facilitate infrastructure developments, including a primary data center in Kampala and regional offices across Uganda. This expansion reflects the NLGRB’s commitment to economic growth and employment opportunities in the region.
Enhanced Monitoring and Protection Measures
To further strengthen the sector, the NLGRB has developed an online sports betting and casino monitoring module for its National Electronic Central Monitoring system. This advancement aims to enhance revenue collection and safeguard citizens against the adverse effects of gaming. All online operators are mandated to integrate with this system by June 2024, marking a significant step in regulatory oversight.
In its efforts to protect consumers, the NLGRB has taken decisive action against fraudulent online gaming sites, blocking 17 illegal platforms and confiscating 2,869 illegal gaming devices. These measures demonstrate the Board’s commitment to maintaining a secure and fair gaming environment in Uganda.
Conclusion: Our Comment on the Article
The NLGRB’s impressive revenue growth and proactive measures in the gaming sector reflect Uganda’s evolving landscape in this industry. The strategic implementation of new initiatives, coupled with a robust regulatory framework, positions Uganda as a burgeoning hub for gaming in East Africa.
The national lottery launch and the Board’s commitment to economic development and consumer protection signal a promising future for the gaming industry in Uganda, balancing economic growth with social responsibility.