Uganda mandates betting payouts through Bank of Uganda to improve regulation and curb illicit financial activities in the gaming sector.
Uganda mandates betting payouts through Bank of Uganda as part of a new bill aimed at tightening control over the country’s gaming industry.
The proposed legislation requires all betting and gaming payouts to be processed through a centralized payments system managed by the central bank.
This move intended to enhance transparency and curb illicit financial activities.
The Tax Procedures Code Amendment Bill 2025 establishes Bank of Uganda as the only outlet for betting payouts.
This is because casino and gaming operators must use this system for all transactions.
Hence, better tax compliance functions will be enabled through integration between the centralized platform and the Uganda Revenue Authority e-notice system.
The gaming sector under the leadership of National Lotteries and Gaming Board (NLGB) CEO Denis Mudene Ngabirano produced UGX 194 billion during June 2024.
This new centralized system is predicted to generate UGX 250 billion in revenues before the current financial year ends according to his forecast.
This piece of legislation undergoes parliamentary review and will go into operation starting from the 2025/2026 fiscal year if approved.
The government of Uganda takes this action as a key advancement to build financial transparency and ethical practices within its growing gaming industry.
