The most common payment options used by Kenyan punters to bet on sports

In Kenya, there are lots of regional and international bookies. According to This Day, the country boasts a thriving gaming industry with a market worth over $40 million. Additionally keep in mind that, only after South Africa and Nigeria, Kenya’s gambling sector is the third-largest in Africa.

Kenya, on the other hand, has a younger gaming population. Also, young gamblers in the nation spend more money than their peers in other African nations. Kenyan gamblers place wagers for entertainment or to make actual money. Nonetheless, because they see gambling as a passive source of money, more money on betting is likely to be spent by low-income households.

Kenya’s Sports Betting

Are you aware of which Kenya’s cities are most prevalent in terms of gaming? The largest cities in terms of population are Nairobi and Mombasa, so it’s not surprising that the majority of active sports bettors reside in these cities.Kenyans are avid football fans, just like others from West Africa. The nation’s national football squad, however, has never advanced past any qualifying rounds for the FIFA World Cup. And despite this, Kenyan gamblers continue to place online sports wagers on football. The EPL (England), Bundesliga (Germany), Serie A (Italy), La Liga (Spain), and Ligue One (France) are the top 5 European leagues that Kenyan gamblers choose to wager on. Yes, of course, in addition, they are prone to betting on other well-known sports including rugby (where the Kenyan national team excels) baseball, tennis, basketball, and more.

Several Options to Gamble in Kenya

There are several different betting possibilities available on top betting sites in Kenya. As a result, be prepared to find casino products together with sports betting deals. You’ll be glad to know that some of these platforms allow you to play live casino and all other casino games, we guarantee.Slot machines are a good option for fans of chance games. Those who like strategy-based games, meanwhile, may appreciate options like poker, roulette, baccarat, or blackjack.It would be beneficial to play on trustworthy websites, particularly if you desire to receive your earnings as soon as possible. As a result, only register with gaming providers who hold licenses from national or international gambling regulatory agencies.

Gambling Is Legally Accepted in Kenya

Were you aware that Kenya became the first nation in Africa to make gambling of all kinds legal? Moreover, the nation legalized all forms of gambling in 1966. The 1966 Betting, Lotteries, and Gaming Act was the legislation piece that regulated gambling in the nation. Recall that the country’s Budget Act of 2021 increased the excise tax rate to 7.5% for all stakes.

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Also, the nation forbids anybody under the age of 18 from gambling. The Kenyan government is likely to implement additional rules to safeguard young players and problem gamblers.

Popular Kenyan Banking Practices for Betting on Sports

The top Kenyan sportsbooks are aware that players value ease, flexibility, and smooth transactions when it comes to banking. You can utilize a variety of payment methods supported by these platforms to conduct transactions on your betting account.

Many of these financial choices consist of:

Mobile Payments

Surprisingly, the most common betting payment method in Kenya is mobile payments. Most, if not all, players finance their casino or sportsbook accounts using their M-Pesa and Airtel Money wallets. Players can instantly deposit their betting accounts from their smartphones using these mobile wallets.Kenyans can make deposits and withdrawals using their M-Pesa and Airtel Money wallets. And keep in mind that you have two options for starting your deposit: the USSD or the SIM Tool Kit. On the contrary, the betting sites’ (casino’s) cashier page is the only place from which you can start a withdrawal. Thankfully, withdrawals are quick, inexpensive, and safe.

Credit/Debit Cards

Do you have a Visa, MasterCard, or other well-known card issuer’s credit or debit card? In Kenya, card payments are accepted on several reliable and legitimate platforms. If you want to take advantage of quick, secure, safe, and reasonably priced (almost free) transactions, it will be beneficial for you to choose card deposits and withdrawals. Also, anticipate receiving substantial deposit and withdrawal limitations. Due to this, both high rollers and low rollers can use credit and debit cards to finance their gameplay on Kenyan online bookies. To discourage hackers from gaining access to your private financial information, make sure you only register and play on websites that employ the most recent encryption technology.

Bank Transfer

In Kenya, certain gaming companies accept bank transfers. Also, you can use this banking option to transfer money right to your casino account. Additionally, the majority of betting sites that accept bank transfers also employ the most recent SSL Certificates to guard against illegal access to user information.

When using a bank transfer, be prepared for substantial withdrawal wait periods that may last up to 5 business days. This is made up for by the payment method’s high transaction limit, which benefits VIP players and high rollers. It’s crucial to keep in mind that when using bank transfers, you won’t submit personal information.

E-wallets

Mainstream e-wallets are supported by a large number of international bookies that accept Kenyan gamers. Players are drawn to local and international bookmakers who accept e-wallets because they offer quick, secure, and trustworthy transactions.

Like card transactions, e-wallets provide high-rollers and low-rollers variable gambling limitations. To avoid unpleasant shocks when gaming, it’s best to verify an e-transaction wallet’s limits.

Skrill, Neteller, and PayPal are some of the most used e-wallets in Kenya’s online gambling community. You may count on having almost immediate access to your wins when using e-wallets. What’s best is that you can use these banking options to take advantage of a variety of bonuses and promotions.

Cryptocurrency

Do you want to play a game in anonymity? If so, we advise looking into Kenyan sportsbooks that take cryptocurrencies. You can place bets on your preferred games utilizing these sites using cryptocurrencies like Bitcoin, Litecoin, Ripple, SNACK tokens, and much more.The benefit of using cryptocurrencies is that it gives users quick, cost-free, and tamper-proof transactions. While using cryptocurrency to pay for their gameplay, players can get generous and frequent bonuses. The capability to transfer money between accounts without obtaining permission from a third party is another benefit of using cryptocurrencies for gaming platform transactions.

Source: biznakenya.com

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