KENYA 82% Of Kenyan Youth Use Mobile Money For Gambling 3 years ago Iwo Bulski Post Views: 600 As the use of mobile money platforms continues to take almost every transaction in Kenya, it has emerged that 82 percent of Kenyan youth are using mobile money platforms such as M-Pesa to transact for gambling and betting. According to GeoPoll, Kenyan youth seem to be the biggest gamblers on the African continent with over 12 million active betting account holders who lose an estimated 2 billion US Dollars annually. The top 12 gambling websites in Kenya have a total financial turnover of 250 billion shillings, the amount that is more than Kenya’s recurrent budget. In 2019, the Ministry of Interior stated that at least 72 percent of Kenyan youth were active gamblers attributing the increase in depression among the youth to betting activities. 64 percent of Kenyan youth use mobile money to buy airtime, 82 percent use it to pay for PayTv in order to access content while 71 percent of them use mobile money to pay for home internet. In Uganda, 75 of the youth use mobile money for gambling and betting activities, 62 percent for purchasing airtime, 79 percent for PayTv, while 72 percent of them use mobile money for home internet. In Tanzania, 76 percent of the youth use mobile money for gambling, 64 percent of them for purchasing airtime, 74 percent for PayTv and 72 percent for home internet payment. In Ghana, 76 percent of youth transact via mobile money platforms for gambling, 60 percent for the purchase of airtime, 57 percent to pay for TV services and 51 percent for home internet. In Nigeria, only 27 percent of the youth use mobile money for gambling, 32 percent for airtime purchase, 28 percent to pay for TV services and 35 percent for home internet. In Cote d’Ivoire, 40 percent of the youth in the country use mobile money for betting, 34 percent for purchasing airtime, 0 (zero) percent for purchasing TV services and 25 percent for home internet. On average, in the countries covered, 63 percent use mobile money for online gambling, 54 percent for home internet, 53 percent for the purchase of airtime and 53 percent for purchasing content on TV. Source: sokodirectory.com About Post Author Iwo Bulski Issues related to the gambling business is engaged in more than 30 years. My empirical experience gives me the opportunity to present events and companies from this business with full knowledge and industry knowledge. See author's posts Iwo BulskiIssues related to the gambling business is engaged in more than 30 years. My empirical experience gives me the opportunity to present events and companies from this business with full knowledge and industry knowledge. Facebook Twitter LinkedIn Email Print Continue Reading Previous Gambling against the Kenyan stateNext Kenya: Why state failed to renew SportPesa licence More Stories EXPERTS KENYA KRA gains more from gaming and betting collections 12 hours ago Iwo Bulski EXPERTS KENYA Betting firms inflating sponsorships to avoid taxes 12 hours ago Szarlot EXPERTS KENYA Kenyan Govt Invites Public Submissions in the Creation of National Lottery 2 days ago Szarlot EXPERTS KENYA Naira Marley advises Muslims to forget betting during Ramadan 2 days ago Samuel KENYA LOTTERIES Ruto boosts national lottery plan with two new Bills 3 days ago Szarlot BETTING KENYA MossBets Steps Up Virtual Gaming In Kenya 7 days ago Samuel EXPERTS KENYA The Future of Online Lotto Payments: Cryptocurrencies and Digital Wallets 1 week ago Szarlot KENYA ONLINE The rise of eSports in the Middle East and North Africa 1 week ago Szarlot EXPERTS KENYA The Normalisation of Mobile Money in Sub-Saharan Africa 1 week ago Szarlot BETTING KENYA Why there’s little corporate support in sports management 2 weeks ago Samuel BETTING KENYA Flutterwave’s troubles in Kenya yet to end as second case proceeds 2 weeks ago Samuel BETTING KENYA Sportsbet.io Brings Cryptocurrency Golf Betting to Kenya 2 weeks ago Samuel Leave a Reply Cancel replyYour email address will not be published. Required fields are marked *Comment * Name * Email * Website Save my name, email, and website in this browser for the next time I comment. Δ This site uses Akismet to reduce spam. Learn how your comment data is processed.