The government of Zimbabwe has announced an ambitious plan to improve the country's sports and recreation infrastructure, which it will finance through a 5 per cent levy on bookmakers.
Under the 2018 budget proposal submitted by finance minister Patrick Chinimasa, bookmakers in Zimbabwe will be required to pay 5 per cent of their gross revenue to the government from January 1st, 2018.
The proceeds will be used to upgrade and develop community sports and recreation facilities across the country, with the aim of ensuring that each of Zimbabwe's ten provinces and administrative districts have access to a multi-purpose facility.
According to the minister for sport Kazembe Kazembe, these facilities will improve the livelihoods of local communities and also enhance the competitiveness of Zimbabwe's athletes in international competitions.
The government estimates that the country's bookmakers currently generate US$30m annually from sports betting.