BETTING UGANDA Betting Uganda have witnessed a boom since Sportpesa and Betin quit the Kenyan 4 years ago Samuel Post Views: 1,451 Betting shops in Uganda have witnessed a boom in business since Sportpesa and Betin quit the Kenyan market almost two weeks ago. Kenyan youth, living near the Uganda border have exported their betting across the border where they are guaranteed value for money. These youths, mostly around the Busia and Malava border prefer doing their business in Museveni’s country because their winnings are not affected by the controversial 20% withholding tax. “In Uganda, the issue of 20 per cent withholding tax is not there, so you get your money. You stake and you get the expected earnings,” – one of the youths told a local daily. This is how it happens. Most of the youths have acquired Ugandan sim cards. When they cross the border, they exchange their money into Ugandan currency and deposit at a mobile money agent. then it is systems go. “We place our live bets, win our money, do shopping for our families and come back to Kenya,” the youth said. Commodities in Uganda are relatively cheap compared to Kenya and the youths say they also do shopping for their families with part of their winnings before coming back to Kenya like someone from abroad. The revelation is a new headache for the government, especially coming just weeks after Interior CS Fred Matiang’i said that the government was winning the war on gambling. Sportpesa cited a hostile business environment when they announced that they were quitting the Kenyan market in September. The firm said compounded by the currently in-effect 20 per cent withholding tax on winnings, the economic incentive to place bets will be completely removed as the taxes will deprive consumers of their total winnings. “The tax is based on a fundamental misunderstanding by the (former Treasury CS Henry) Rotich led treasury of how revenue generation works in the bookmaker industry. This decision will have a damaging impact on both customers and treasury,” – reads part of a statement sent to newsrooms. Source: kdrtv.co.ke About Post Author Samuel I am a journalist specializing in gambling in Africa and around the world. I am particularly interested in stories about games and casinos. See author's posts SamuelI am a journalist specializing in gambling in Africa and around the world. I am particularly interested in stories about games and casinos. Facebook Twitter LinkedIn Email Print Tags: betting shop, SportPesa, Uganda Continue Reading Previous Uganda’s authorities move to tighten AML measuresNext Kenya – lack of jobs, IT growth fuel obsession with gambling More Stories BETTING KENYA Odibets To Reward Customers With 100 ‘Mbuzis’ For Christmas 1 day ago Samuel BETTING GHANA Bangbet is now available on Google Play Ghana! 1 day ago Szarlot BETTING KENYA Sportspesa risks losing license if found guilty of disobeying court order 4 days ago Szarlot BETTING KENYA Gamblers stake Sh620 billion in four years as betting craze rises 5 days ago Szarlot BETTING NIGERIA Nigerian Bookmakers Strengthen Partnership with Gamble Alert 5 days ago Samuel BETTING NIGERIA The Dark Side of Virtual Betting 6 days ago Szarlot BETTING Growing Popularity of Horse Racing 6 days ago Szarlot BETTING NIGERIA How to Watch the African Cup of Nations? 6 days ago Samuel BETTING NIGERIA The innovative Melbetapk.com betting app 1 week ago Szarlot EXPERTS UGANDA iGaming in Africa: An overview 1 week ago Samuel BETTING ONLINE The Interplay of Fantasy Sports and Sports Betting 1 week ago Szarlot BETTING Turn Your Football Passion Into Lucrative Bets and Win Big! 1 week ago Szarlot 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.