BETTING KENYA Shocking details of Sh30bn-a-month bets 4 years ago Iwo Bulski Post Views: 700 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 KENYA ONLINE Best betting sites with Aviator game in Kenya 3 hours ago Samuel BETTING NIGERIA Influencers are getting young Nigerians hooked on online gambling 6 hours ago Samuel BETTING KENYA Is online sports betting a popular hobby? 1 day ago Samuel BETTING KENYA Payouts to gamblers thin out as fresh taxes hit winners 2 days ago Samuel BETTING KENYA Odibets To Reward Customers With 100 ‘Mbuzis’ For Christmas 3 days ago Samuel BETTING GHANA Bangbet is now available on Google Play Ghana! 3 days ago Szarlot BETTING KENYA Sportspesa risks losing license if found guilty of disobeying court order 6 days ago Szarlot EXPERTS KENYA Gamblers stake Sh620 billion in four years as betting craze rises 6 days ago Samuel BETTING KENYA Gamblers stake Sh620 billion in four years as betting craze rises 1 week ago Szarlot BETTING NIGERIA Nigerian Bookmakers Strengthen Partnership with Gamble Alert 1 week ago Samuel BETTING NIGERIA The Dark Side of Virtual Betting 1 week ago Szarlot BETTING Growing Popularity of Horse Racing 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.