KENYA Why Kenya parliament is proposing 20% excise tax on bet stake 4 years ago Samuel Post Views: 840 Kenya is located in the eastern part of Africa with the population of over 48 million people (which 26.06% are living in urban areas) according to world bank collation of data 2016. While the current birth rate for Kenya in 2019 stand at 28.595 births per 1000 people a 1.07% decline from 2018. On the average Kenyans youth population stands at 20.3% above the worlds average of 15.8% and 19.2 % for Africa, while internet penetration in 2018 stood at 83.0%, per CAK. The country real gross domestic product (GDP) is forecast for 2020 to stand at 5.9% according to World Bank Economic growth. However, gambling laws as been in existence in Kenya way back in 1966 at that time Kenya introduced the Betting Lotteries and Gaming Act. The gambling laws resulted in the establishment of the Betting Control and Licensing Board (BCLB), a body that licenses and enforce all gambling regulation in the country. However, with the recent issues rocking the Kenya gaming industry, based on tax related issues between major bookmakers and betting control and licensing board (BCLB), on back logs of taxes on winnings of customers minus bet on stake by punters. Furthermore, the government realizes Kenya leads in SSA in terms of sport betting in the gaming industry. For instance in 2018 alone Kenyans numbers in search for betting related sites, the report showed a massive 11 of the top Google search queries were directly related to betting sites, the report found out that while other countries frequency search for betting sites was once a month, but in Kenya once a week, nothing occupied the Kenyans minds than gambling according to annual report for 2019 by Hootsuite and we are social. Therefore, based on Geopoll report, Kenyan youth spend more than the average of $50 those other sports gamblers spend in Sub Saharan Africa; Kenyans is the leader on amount spends on gambling. While Youth elsewhere spend less than $50 a month and most of them bet only once a month. Geopoll said. According to pricewatercoopers (PWC) Kenya is the third largest gambling revenue markets after South Africa and Nigeria in terms of revenue. However, in terms of participation Kenya leads, 54% of youth have tried their hands at gambling. Kenya has the highest number of youth who have participated in gambling or betting in the past at 76%. According to Geopoll survey on gambling in SSA region. Furthermore, Kenya revenue authority (KRA) deputy commissioner Elizabeth Meyo said 72 betting licensees of the (BCLB) including 27 betting operators owe outstanding back-tax bill. The country (KRA) is doing every tactics to recover billions in the country gaming industry and the government authority realize on average the youths in Kenya leads the way in SSA when it comes to bet stake per game. Written by Adeleye Awakan Associate Editor www.gbc.ng Africa’s leading B2B digital gaming news portal in Africa. Contact [email protected]. About Post Author Samuel I am a journalist specializing in gambling in Africa and around the world. I am particularly interested in stories about games and casinos. See author's posts 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: ambling, Kenya, taxes Continue Reading Previous SportPesa CEO: Unrealistic taxes are damaging Kenyan marketNext Kenya – shop prepared to host the FIFA 20 tournament in Nairobi More Stories EXPERTS KENYA Ministries, State Departments to cut expenditure by 10 per cent 14 hours ago Szarlot BETTING KENYA SportPesa Kenya mobile betting app: Get a new experience 16 hours ago Szarlot EXPERTS KENYA KRA Online Auction Opens Bidding Process To All Taxpayers 16 hours ago Samuel BETTING KENYA Betwinner Expands Sport Betting Options to Over 45 Sports 3 days ago Samuel HISTORY KENYA Sports in Africa: A Tapestry of Culture, History, Identity 3 days ago Samuel BETTING KENYA Nairobi Businessman Wins KSh 2m SportPesa Jackpot 6 days ago Samuel BETTING KENYA Ten new betting firms enter market within two months 1 week ago Samuel BETTING KENYA Team Capital FM in Action At the Casino Cup 6 1 week ago Szarlot KENYA ONLINE What kind of betting predictions are available to bettors in Kenya? 1 week ago Szarlot EXPERTS KENYA Tools Kenyan players can use instead of GamStop for responsible gambling 1 week ago Szarlot BETTING KENYA Beez FC Wins 13th Edition Of KOT 5 Aside Tournament 1 week ago Samuel EXPERTS KENYA Digital wallets as an enabler for financial services in Africa 2 weeks 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.