50% tax for the bookmakers in Kenya!

31 Mar 2017

KenyaGambling industry received a major blow by Treasury’s Secretary Henry Rotich at the presentation of the Kenya National Budget. The tax that the government has prepared for the bookmakers reaches an unbelievable 50%, which will apply to revenues on all verticals. That means a disastrous - for the gambling industry – increase of taxes at a rate of 35%, since the previous tax was at 15%. The betting operators have been urging for many months the government not to raise the taxes, but their wishes were not listened. Ronald Karauri, who is the Sportpesa CEO, warned that a new and raised substantial tax would kill the industry at a time that shows signs of growing and could be a massive weapon of income for the government within the next years.

From the side of the government though, Treasury Secretary Henry Rotich told that higher taxes were put in-place to stop problem gambling in Kenya and believes that by this way, the target will be achieved. «Betting and Gaming have become widespread in our society in an environment that is inadequately regulated. Its expansion is beginning to have negative social effects in particular on the youth and the vulnerable members of the society», mr Rotich commented on the matter.

Join and grab exclusive bonuses, daily offers and free bets!

Lay hands on exclusive daily bonuses for members only. These promos are limited and are not advertised on the website.

Yes, I have read the Terms & Conditions and I consent to receiving emails from Bookmakers.bet regarding betting promotions, betting guides and news.

BOOK SPY

Kaizen Gaming’s online bookmaker Betano has finalised a deal with the Romanian Football Federation, which allows it to become the naming partner...

Read more »

The online sportsbook Vbet has extended the partnership with AS Monaco for three more years until 2025. The deal, which began in 2020, will allow the ...

Read more »

The Ministry of Culture and Gender Equality in Norway has begun consultations to introduce a new Gambling Act to replace the Lottery Act, the Totaliza...

Read more »

The online gaming giant Entain, the owner of brands like Interwetten, has won the Advanced Safer Gambling Standard award by GamCare for providing play...

Read more »

One of the pioneers of online betting, Interwetten, has signed a new regional long-term sponsorship deal with English football giants Liverpool FC. Fa...

Read more »

The global online sportsbook 1xBet recently paid out some big winnings. A bettor from Yaounde, Cameroon, signed up with the bookie and placed a 12 eve...

Read more »

The international online sportsbook NetBet has added Apple Pay as a payment option for French players giving locals another top-notch method for depos...

Read more »

The online gambling operator Kindred Group, which incorporates several brands like Unibet, has announced that it will further contribute to the mental...

Read more »

The Treasury of Kenya has published the 2022 Finance Bill, which re-introduces the controversial 20% tax rate on wagering stakes. Despite the protests...

Read more »

The international gaming operator Vbet has joined the International Betting Integrity Association (IBIA), adding to the platform’s global integr...

Read more »

LATEST BOOKMAKER PROMOTIONS