EXPERTS KENYA Task force publishes final Gaming Bills before handing over report 2 weeks ago Szarlot Post Views: 52 The National Lottery and the Gambling Control Bills that are set to streamline the operations of the gaming industry in the country are now ready for adoption. President William Ruto’s Taskforce on the establishment of a National lottery has published the two revised Bills and gambling policy on its website as it prepares to hand over its final report. The national steering committee chaired by Narendra Raval collected views from stakeholders, experts and Kenyans across the counties before validating the bills. “Kenyans have spoken and we are confident that their voices have been incorporated in the final bills,” – Raval said as he received validated documents from the sub-committees. Ruto appointed the 25-member team of the steering and technical committees through a Gazette notice dated February 16. Its terms of reference included developing a policy and implementation plan to guide in establishment and operationalization of a national lottery and review of the necessary bills for onward consideration by the cabinet and parliament. The Cabinet is now set to consider the bills and policy before it is transmitted back to Parliament. As part of the government’s plan, a gambling regulatory authority has been proposed to succeed the betting control and licensing board (BCLB) in the changes that will see the Betting Lotteries and Gaming Act of 1966 repealed. Statistics available from BCLB for the year 2022/23 show that there are 13 public lotteries, 56 public gaming companies and 105 bookmakers that are registered to operate in the country. Kenya is the third-largest gambling market in Africa after South Africa and Nigeria with the industry generating over Sh200 billion in revenues in 2019. The government has proposed that 50 per cent of the proceeds from the National Lottery will go towards payouts with 38 per cent assigned to good causes while the remainder reserved for administration. Good causes include sports, recreation, arts, culture and national heritage. The new proposals have retained the gambling tax known as the betting tax at 15 per cent of the revenue generated by the betting and gambling firms. Betting firms shall be required to pay a monthly gambling levy to GRA at the rate of no more than one per cent of the monthly gross gambling revenue in the new proposals. Source: the-star.co.ke 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: gambling regulatory, Kenya, National Lottery, William Ruto Continue Reading Previous The Mathematics of Casino Games: The odds of winning and the house edgeNext Africa iGaming Industry – A Sure Bet On The Future With SBEA+ And SBWA+ More Stories EXPERTS WORLD NEWS How has the gaming industry changed in 2023? 13 hours ago Iwo Bulski EXPERTS UGANDA Online gambling firms accused of exploiting lucrative African markets 16 hours ago Samuel 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 RWANDA dLocal secures payment service licence for Kenya and Rwanda 6 days ago Szarlot EXPERTS ZIMBABWE African Betting Success Stories 6 days ago Szarlot 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 EXPERTS SOUTH AFRICA Johannesburg Police Shutdown Illegal Online Gambling Shop in Randburg 7 days ago Szarlot EXPERTS WORLD NEWS SPiCE Series – Bridging iGaming Across Asia 1 week ago Iwo Bulski BETTING KENYA How Ronald Karauri Turned SportPesa Into A Betting Giant 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.