KENYA LOTTERIES Ruto boosts national lottery plan with two new Bills 2 months ago Szarlot Post Views: 208 President William Ruto has advanced plans to set up a national lottery with two new Bills set to be introduced in Parliament on Monday to guide implementation of a scheme that will give betting firms a run for their money. The Head of State last month set up a 25-member presidential taskforce to establish a National Lottery led by billionaire Narendra Raval. The team has finalised the Gambling Control Bill, 2023, and the National Lottery Bill, 2023 which are expected to be released for public scrutiny on Monday. Proceeds from the National Lottery are expected to boost current allocations to the sector under the Sports Arts and Social Development Fund, which draws the bulk of its funding from proceeds from betting, gaming, and lotteries. Additionally, the National Treasury is considering tax incentives for corporate sponsorship, a dedicated or ring-fenced tax, and a public-private partnership framework for infrastructure development. The taskforce yesterday said it has been benchmarking against other countries that have run national lotteries for decades such as the US, UK, South Africa, and Singapore to learn best practices in running the proposed lottery. It said the proceeds will be used to support various charitable activities including sports initiatives, arts, business support, and emergency response to droughts, floods, fires, and pandemics. “The national lottery will be used to support good causes where the money will be used to benefit the people of Kenya,” – Mr Raval, who is chairing the steering committee, told the press. Despite existence of public lotteries such as the Kenya Charity Sweepstake and Win Lotto, Kenya does not have a National Lottery. A National Lottery is a State franchised lottery raising money for the arts, sports, and charities by selling numbered tickets and giving prizes to holders of numbers drawn at random. In countries such as the US, National Lotteries are central to revenue mobilisation by States who run popular lotteries such as Mega Millions and Powerball as designated National Lotteries. “One of the criteria that will be used to decide how to utilise the proceeds is that individuals or groups can apply to the lottery fund to propose how part of the funds will be shared,” – said Alex Mwaniki who is part of the taskforce’s technical committee team. “The lottery fund on its own motion will also be able to decide how to share out the proceeds to the selected good causes,” – he said. Source: nation.africa About Post Author Szarlot I am a fan of casino games especially roulette and blackjack. After that I analyze current events in the gambling industry. See author's posts SzarlotI am a fan of casino games especially roulette and blackjack. After that I analyze current events in the gambling industry. Facebook Twitter LinkedIn Email Print Tags: Kenya, Kenya Charity Sweepstake, Lottery, National Lottery, Win Lotto Continue Reading Previous Key legal files involving Lottery’s multimillionNext Naira Marley advises Muslims to forget betting during Ramadan More Stories BETTING KENYA Betting firms warn proposed tax will drive up black market 4 days ago Szarlot BETTING KENYA Nicky Bigfish unveiled as the latest 22Bet brand ambassador 4 days ago Szarlot EXPERTS KENYA IMF staff agree to expand credit for cash-strapped Kenya by $1 bn 5 days ago Iwo Bulski EXPERTS KENYA Media Council of Kenya raises concern over rise in gambling ads 6 days ago Samuel EXPERTS KENYA KRA targets record Sh16bn in betting taxes as experts see field of landmines 7 days ago Szarlot BETTING KENYA How Ronald Karauri Turned SportPesa Into A Betting Giant 1 week ago Szarlot EXPERTS KENYA Exploring the Pros & Cons of Gambling In Kenya 2 weeks ago Szarlot CASINO KENYA Benefits of online versus traditional land-based casinos 2 weeks ago Samuel LOTTERIES NIGERIA Sports betting outfit moves to secure winners’ claims 2 weeks ago Samuel BETTING KENYA How Kenya’s biggest jackpot winners invested their multi-million shillings 2 weeks ago Samuel EXPERTS KENYA Task force publishes final Gaming Bills before handing over report 2 weeks ago Szarlot BETTING KENYA Kenya is slowly becoming a sports betting empire 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.