Zimbabwe’s government has approved a new 10% withholding tax on gross winnings from sports betting, which [took] effect on 1 January. The tax will apply to all winnings, regardless of the amount, and will be deducted directly by betting shops and online sports betting operators.
Finance minister Mthuli Ncube proposed the measure during the presentation of the 2025 National Budget earlier in December, and the government has since approved the proposal, according to multiple local media reports.
At the time, Ncube (pictured) highlighted the rapid growth of the sports betting industry in Zimbabwe, noting its popularity among young people and the proliferation of betting shops and online platforms across the country.
