Madagascar Bookmakers

Madagascar is one of the island countries in the Indian Ocean that is endowed with a fascinating culture and rapidly developing gambling industry. Although the country is comparatively small in size, it has established a proper structure for Madagascar bookmakers and sports betting, thus becoming one of the key players in the African market. This article focuses on the background, legislation, regulating bodies, permits, taxation, and the main events of the Madagascar-based bookmakers and sports betting industry.

Madagascar Bookmakers

1971: Gambling: its legalization in Madagascar.

1994: Discussion of legalizing sports betting.

2011: Offering of lotto tickets over the internet.

2018: Legalizing of online sports betting.

2020: The process of improving the gambling legal framework.

Gambling Laws in Madagascar

The process of the legalisation of gambling in Madagascar was initiated in 1971 by means of Law No. 71-011, which defined the conditions for the functioning of gambling houses and provided the regulations on taxation. Here’s a historical timeline to understand the progression:

Key Legislative Milestones

  • 1971: The legalization of gambling was done through the enactment of law no 71-011 which provided for the legal gambling houses and the tax structures to be applied.
  • 1994: Legalization of the sports betting was done through Decree No. 763/94 with the operation being under the Société d’Exploitation des Loteries.
  • 2011: The Malagasy Lottery worked with GTECH in the provision of online lottery tickets which legalized online gambling by the book.
  • 2016-2017: New casino and online casino licenses were banned at some point and the ban was lifted in 2017.
  • 2018: Legalization of online sports betting was done through the Decree No. 7974/2018.
  • 2020: The government began the procedure of the amendment of the existing outdated gambling regulation.

Regulatory Agencies

The Ministry of Interior and Decentralization has the mandate of overseeing the gambling business in Madagascar. They provide casino licenses; however, the betting licenses are issued by the Société d’Exploitation des Loteries.

Types of Gambling Licenses

Currently, Madagascar offers licenses for physical gambling venues and state-backed lotteries:

  • Casino Licenses: It is published by the Ministry of interior.
  • Betting Licenses: Operated by Societe d’Exploitation des Loteries is the management body of the lottery.

Prohibited and Allowed Bets

The act does not contain a black list of the forbidden bets, however, it provides that only the licensed land-based bookmakers are allowed to offer the online gambling services. This means:

  • Allowed: Those include sports betting, casino games played in the physical based gambling facilities, and online lotteries.
  • Prohibited: In particular, online casinos cannot get a gambling license to operate legally, thus, there are no licensed online casinos in Madagascar.

Licensing Fees of Madagascar Bookmakers

The amounts that are required to be paid for the gambling license in Madagascar are still rather high due to the outdated legislation of the country. According to Article 8 of Law No. 71-011:

  • Daily Entry: Five hundred Malagasy Francs (FMG) (An example of Malagasy currency).
  • Weekly Entry: 2,000 FMG
  • Monthly Entry: 6,000 FMG
  • Yearly Entry: 25,000 FMG

These fees are converted using 2022 values to Malagasy Ariary:

  • Daily Entry: 100 Malagasy Ariary which is equal to €0. 024 only.
  • Weekly Entry: 400 Malagasy Ariary (€0. 09).
  • Monthly Entry: 1,200 Malagasy Ariary (€0. 28)
  • Yearly Entry: Five thousand Malagasy Ariary (€1. 18)

Taxation on Gambling

Madagascar’s outdated gambling legislation also impacts the tax rates, which are exceptionally low by global standards:

  • Slot Machines: $400,000 Malagasy Ariary per year or €94. 35 per device per year.
  • Other Devices: € 23. 59 or 100 000 Malagasy Ariary per device per year.

Standard corporate tax rates are at 23% and the above mentioned taxes are in addition to these.

Sports Betting in Madagascar

Madagascar is no exception when it comes to growth of sports betting, this has been accelerated by the legalization of the activity in 2018. The most recognizable of the online sports betting license is owned by PMU through their Bet261 site. While there are no particular bans on the access to the international services, Bet261 is the only licensed online betting site in the country.

Sporting Event Glory Milestones

Madagascar has a rich history in various sports, and here are some notable milestones:

  • 1972: Jean-Louis Ravelomanantsoa claimed the gold in 800m during the Munich Olympics.
  • 1992: Jean-Claude Rakotomavo won the 200m butterfly bronze at the Barcelona Olympics.
  • 1996: Jean-Claude Randriamihaja won a bronze medal in judo at the Olympic games held in Atlanta.
  • 2004: Pascal Razakanantenaina is the winner of the African Cup of Nations.
  • 2023: Malagasy is to welcome the Indian Ocean Games.

Conclusion

The Malagasy gambling market has a long way to go since the inception of legal gambling in 1971. Due to the strong legal system, an extensive list of gambling products, including sports betting, the country provides many ways for HNWIs and gamblers. Looking at the current trends in the development of Madagascar’s gambling laws, there is a lot of promise for both the bookmakers and the players.

FAQ of Madagascar Bookmakers

Africa Bookmakers

Burundi Bookmakers

Burundi Bookmakers

Burundi, a country located in East Africa, Neighboring countries include Rwanda to the north, Tanzania to the east and south, Democratic Republic of the Congo to the west and Lake Tanganyika to the southwest. In this article, we zoom in ... Read More about Burundi Bookmakers
Mali Bookmakers

Mali Bookmakers

Mali, a country located in the western part of Africa is another country that has undergone a number of changes in the laws and regulations concerning gambling. This article contains information on the legal framework of the Mali bookmakers gambling, ... Read More about Mali Bookmakers
Zimbabwe Bookmakers

Zimbabwe Bookmakers

Zimbabwe is a country located in southeastern Africa where gambling has been accepted by society since the early 20th century. In the years that followed, the country's gambling industry, especially Zimbabwe bookmakers and sports betting, has grown tremendously. In this ... Read More about Zimbabwe Bookmakers
Botswana Bookmakers

Botswana Bookmakers

Gambling has always been a popular activity in the southern African country of Botswana; however, the legal framework surrounding gambling has undergone many changes. This article discusses in detail the features of gambling laws for bookmakers, the evolution of the ... Read More about Botswana Bookmakers
Guinea-Bissau Bookmakers

Guinea-Bissau Bookmakers

The country of Guinea-Bissau is in the continent of Africa specifically on the western part of it. Liberia is bordered by Senegal to the north, Guinea to the east and south and the Atlantic Ocean to the west. Guinea-Bissau has ... Read More about Guinea-Bissau Bookmakers
Comoros Bookmakers

Comoros Bookmakers

Comoros is an island state situated in the Indian Ocean, at the northern entry to the channel of Mozambique and has a very fruitful history of legal regulations related to gambling, which makes it a promising jurisdiction for both online ... Read More about Comoros Bookmakers
Congo Bookmakers

Congo Bookmakers

The Republic of Congo is located in west-central Africa, The Republic of Congo is bordered by the Democratic Republic of Congo and Angola to the east and south respectively, Central Africa and Cameroon to the north, Gabon to the west, ... Read More about Congo Bookmakers
Chad Bookmakers

Chad Bookmakers

Chad is in central Africa with its neighbors including Libya to the north, Sudan to the east, the Central African Republic to the south, Nigeria and Cameroon to the southwest, and Niger to the west; has a special gambling environment ... Read More about Chad Bookmakers
Egypt Bookmakers

Egypt Bookmakers

Egypt is one of the most historically significant and culturally diverse countries in the world and, therefore, has a rather specific approach to the regulation of gambling. Despite the fact that the majority of the population is Muslim and religion ... Read More about Egypt Bookmakers
Guinea Bookmakers

Guinea Bookmakers

Guinea is situated on the west coast of West Africa and it is neighbored by Guinea Bissau to the north, Senegal and Mali to the north and northeast respectively, Cote d’Ivoire to the east, Liberia and Sierra Leone to the ... Read More about Guinea Bookmakers
Scroll to Top