Wetlands play a big role as the important recreational destinations which contribute to the increase in tourism industry. This paper evaluates the recreational value of Lake Victoria in Musoma Municipality. Primary data were gathered by administering the questionnaire to a sample of 120 recreationists. The socio-economic data were analysed using Statistical Package for Social Sciences. Quantification of wetland benefits was done by using Microsoft Excel. The travel cost method was mainly used to determine the recreational value of the Lake Victoria.