BETTING KENYA Shocking details of Sh30bn-a-month bets 5 years ago Iwo Bulski Post Views: 902 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 NIGERIA Teni Celebrates $50,000 Win 12 hours ago Samuel BETTING ZAMBIA What sets the online betting market in Zambia apart 1 day ago Samuel BETTING UGANDA Jinja teacher wins big in fixed games betting 2 days ago Samuel BETTING KENYA Kakamega Homeboyz renew sponsorship deal with betting firm 2 days ago Szarlot BETTING WORLD NEWS European watchdog takes aim at online gambling, gaming among youths 3 days ago Szarlot BETTING NIGERIA Profitable sports betting: basic principles and key steps for accurate predictions 3 days ago Samuel BETTING KENYA Master Aviator and Aviatrix 3 days ago Szarlot BETTING WORLD NEWS GoldenRace fuels growth in Europe with renewed MGA certification 6 days ago Szarlot BETTING NIGERIA 1xBet will support African talents through the NXT Honors award 6 days ago Iwo Bulski BETTING KENYA Kenya Overhauls Gambling Industry with New Regulatory Framework 6 days ago Szarlot KENYA ONLINE Comparing Payment Methods for Casinos in Kenya 1 week ago Samuel BETTING KENYA The gambling market in Kenya: what it looks like in today’s environment 1 week 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.