BETTING KENYA SportPesa reveals secret revenues of Sh150 billion 2 months ago Samuel Post Views: 199 SportPesa has for the first time disclosed its annual sales of Sh149.7 billion, underlining the extent of online sports gambling craze in Kenya and outsized payouts available to wealthy and influential investors behind the betting firm. The firm averaged daily bets worth Sh408 million or Sh149.7 billion in 2018, according to disclosures in court papers. It paid out Sh129.6 billion as winnings, leaving it with Sh20.1 billion that analysts reckon is enough to generate a profit in excess of Sh10 billion to firm with a thin operating expenses, mainly staff. The juicy revenues are enough to pay the salaries of 10,000 employees earning a monthly salary of Sh50,000 each for nearly 25 years. It is also higher than the market capitalisation of Equity Group , the country’s second-largest bank, which closed trading with a market value of Sh134 billion on Thursday. The amount also makes SportPesa the second-largest company in Kenya by revenue after Safaricom , which recorded a turnover of Sh251.2 billion in the year ended March. Source: businessdailyafrica.com 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: Kenya, revenues, SportPesa Continue Reading Previous Btobet extends jurisdictional Presence in Europe and U.SNext SportPesa Shareholders Feud Intensify More Stories BETTING UGANDA 100 hours in the Dark Affected Uganda Gaming and FinTech Space 2 days ago Adeleye Awakan BETTING KENYA BtoBet strikes agreement with Kenyan Wazibet, continuing African expansion 3 days ago Samuel BETTING KENYA UK firms part ways with betting giant SportPesa 3 days ago Iwo Bulski KENYA ONLINE Banks lose as Kenyans Embrace mobile money over card payments 5 days ago Szarlot EXPERTS KENYA Overview of the Kenyan gambling market 6 days ago Samuel BETTING NIGERIA Fantasy Sports Market in Nigeria 7 days ago Peter Situma BETTING NIGERIA Nigeria Betting and Gambling Industry Post-Covid-19 Lockdown 7 days ago Adeleye Awakan BETTING WORLD NEWS TVBET to Enter the Montenegro iGaming Market 7 days ago Iwo Bulski BETTING SOUTH AFRICA Connection Between Cricket and GamStop 1 week ago Iwo Bulski BETTING UGANDA Uganda: sports betting companies counting losses from internet shutdown 1 week ago Iwo Bulski BETTING KENYA Mozzart Bet introduces Ksh 200 Million Jackpot 1 week ago Iwo Bulski BETTING UGANDA Africa and Sports Betting: Emerging Markets 1 week 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. This site uses Akismet to reduce spam. Learn how your comment data is processed.