BETTING KENYA Shocking details of Sh30bn-a-month bets 2 years ago Iwo Bulski Post Views: 530 The enormous scale of Kenya’s betting addiction can now be revealed. Leaked figures from the betting regulator show that punters wagered more than Sh30 billion (US$300 million) in a single month last year. The staggering size of the local betting industry has emerged from a leaked spreadsheet of revenue declarations made by gambling firms to the Betting Control and Licensing Board (BCLB) for May 2019, shortly before the government introduced tougher regulations and higher taxes. Extrapolating from this monthly figure, punters were on track to spend more than Sh360 billion on betting annually had the government not stopped the party. This amount is Sh257 billion more than what the national government allocated to health in 2019/20. It is also more than the Sh327 billion used to build the Standard Gauge Railway from Mombasa to Nairobi and buy locomotives and coaches. It is also more than the Sh310 billion allocated to counties as shareable revenue last year. (…) Full article on nation.co.ke 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 Tags: betting, betting addiction, Kenya Continue Reading Previous Not all is lost for African fans as Bundesliga returns amid footballs new normalNext Egyptian Premier League to return in mid-June, PM says More Stories BETTING KENYA Taxman clears 105 betting companies to get permits 14 hours ago Szarlot BETTING UGANDA Mobile Betting in Uganda – Why Is It So Popular? 14 hours ago Samuel BETTING KENYA Gambling operators ignore orders to close during the election 4 days ago Iwo Bulski BETTING GHANA Ghana: Gaming Commission Must Regulate Industry 4 days ago Szarlot BETTING KENYA Kenyans spend over KSh 300b on bets, cigarettes and liquor yearly 5 days ago Szarlot BETTING NIGERIA All About Cricket Betting 6 days ago Iwo Bulski EXPERTS KENYA Poor tax policy erodes Kenya’s investor attractiveness – survey 6 days ago Szarlot BETTING KENYA Kenyan government orders all operators to close for election day 6 days ago Iwo Bulski BETTING KENYA The government should work with the betting industry 2 weeks ago Iwo Bulski KENYA ONLINE The influencers paid to push hashtags 2 weeks ago Iwo Bulski BETTING KENYA Eighteen new firms enter booming betting arena 2 weeks ago Iwo Bulski EXPERTS KENYA Kenya launches AML probe focusing on betting operations 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.