KENYA LOTTERIES Govt Seeks Public Views On Planned National Lottery Bill 2 months ago Samuel Post Views: 98 The Kenyan Government seeks to collect views from members of the public through the new National Lottery Bill 2023. It calls for the establishment of a National Lottery Board (NLB) that will manage and operate the country’s lottery ecosystem. Through this, NLB will operate and manage the national lottery, procure an operator to manage the national lottery, and establish the National Lottery Fund (NLF) to prudently distribute the funds. “The main purpose of a national lottery is to support good causes and improve the quality of life of citizens through identified good causes, through the proceeds of ticket sales and taxation of winnings the government generates revenue to support various public initiatives or programs and to promote responsible gaming,” – the Bill stated. Kenya has an estimated betting market size of Sh200 billion and is reported to be the 3rd largest gambling market in Africa after South Africa and Nigeria. The East African market is, however, expected to continue to grow at a compounded annual growth rate of 7.5 percent between 2020 and 2025, in part due to the growing popularity of online and mobile gambling. Revenue proceeds from the national lottery propose 50 percent prizes and tax for prizes, 38 percent to the national lottery fund, and 10 percent operator profit, tax, retailers, marketing, and operating costs. Another one percent will go to the National Gambling Regulatory Authority, while 0.5 percent will go to National Lottery Board operations and 0.5 percent to NLF operations. In the proposed law, the Betting Control and License Board shall transition to the Gambling Regulatory Authority. However, existing gambling licenses issued under the repealed act will remain valid during the licensed period. “Children, director, agent or employee of an operator, a member of the national lottery board, a person who prints national lottery tickets are prohibited from participating, giving a chance to adults who proves to be above age to take part, participants of the national lottery shall be required to register themselves initially once the platforms that shall be provided by the operator” – the Bill added. “We seek to establish a national lottery run and operated by the government to ensure a healthy gambling environment in the country” – said the Taskforce Vice chairperson Gideon Thuranira. South Africa, Ghana, Nigeria, India, Singapore, Finland, and the United Kingdom are among the countries that have established national lotteries globally. The taskforce is set to visit all 47 counties in the country in a bid to gather views from the public on the establishment of a national lottery. Source: capitalfm.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: Gambling Regulatory Authority, Kenya, National Lottery Board Continue Reading Previous Estonian Delegation In Kenya To Explore Opportunities In ICT SectorNext How to Cancel a Bet in Betika More Stories EXPERTS KENYA Kenya: New OCS To Combat Nakuru Gangs 2 days ago Szarlot LOTTERIES SOUTH AFRICA Ithuba Celebrates 8 Years Of Gaming Excellence 3 days ago Szarlot BETTING KENYA Get Started with Sports Betting in Kenya 3 days ago Szarlot BETTING KENYA How Kenyan Sports Betting Newcomers Are Becoming Popular 4 days ago Samuel BETTING KENYA How to Avoid Unhealthy Gaming Habits 4 days ago Szarlot EXPERTS KENYA Kenya Kwanza MPs To Defend Ruto’s Fiscal Reform Agenda 7 days ago Samuel BETTING KENYA Esports Melbet betting – take a risk and win 7 days ago Szarlot BETTING KENYA Suspension of online casino services in Kenya 1 week ago Szarlot EXPERTS KENYA MOA opposed to 15pc excise duty on alcohol, gambling ads 1 week ago Szarlot BETTING KENYA Betting firms warn proposed tax will drive up black market 2 weeks ago Szarlot BETTING KENYA Nicky Bigfish unveiled as the latest 22Bet brand ambassador 2 weeks ago Szarlot EXPERTS KENYA IMF staff agree to expand credit for cash-strapped Kenya by $1 bn 2 weeks ago Iwo Bulski 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.