PawaTech warns offshore betting could cost Africa $11bn in tax by 2029
PawaTech chief public affairs officer Gabriel Opoku-Asare said Africa could lose $11bn in tax revenue to offshore betting platforms by 2029 without regulatory changes. He argued that taxes should support licensed operators and said deposit taxes and fees can push players towards unlicensed sites. PawaTech cited H2 Gambling Capital research forecasting a $22bn African iGaming market by 2029 if 90% of betting activity is channelled through licensed operators.
The warning concerns how tax policy may affect licensed operators’ ability to retain betting activity and generate tax revenue.