Kenya approves betting tax increase amid SportPesa threats

2 Jan 2018

kenya tax increase sportpesaKenya has decided to implement a proposed gambling tax increase that will see casino, raffle and sportsbook operators pay as much as 35% on gaming services. The new tax is increased by 7.5% compared to the original proposal and will not void the existing 30% corporate tax. Additionally, betting operators are requested to offer 25% of sales to various social causes, including sports sponsorships and youth programs. Although the tax has been hailed as an ideal measure against youth gambling by government officials, key figures from local and foreign betting sites have denounced the recent measures as counter productive and punitive.

SportPesa, one of the most influencial sportsbook operators within the Eastern African country, have gone so far as to appeal against this decision to the high court. Furthermore, they have declared that if the ruling is decided against them, they will end their sponosorship to the local football league amid claims of financial unviability. Although it's still early times for the Kenyan sports betting market, if SportPesa do indeed stop being sponsors of the league, this will lead to a 120m KES (£860.000) deficit in the Federation's coffers.

10,000+ have already benefited from Bookmakers.bet

Register to our newsletter and be the first to get our exclusive bonuses and promotions. Fill in your name & email and stay tuned on the latest offers and the new bookmakers in your country.

I agree with the terms of use.

BOOK SPY

The renowned sports betting operator 22Bet has decided to completely cease its operations in the United Kingdom as of October 13, 2020. All of its pla...

Read more »

Everton has landed yet another important deal by teaming up with Parimatch, appointing it as the club’s official betting partner in Europe and in the ...

Read more »

Online sports betting operator 22Bet has reached an agreement with French Ligue 1 champions Paris Saint-Germain. The two-year deal, ending 2022, will ...

Read more »

The South African National Gambling Board has issued a statement this week concerning the legality of online gambling. There have recently been some r...

Read more »

Betting operator 888sport announced that it has signed a sports betting partnership agreement with the National Football League (NFL) in the United Ki...

Read more »

British GVC Holdings PLC is launching an investment program to support grassroots sports in the UK. It will be helping the lower tiers of English foot...

Read more »

Dominic Beier has stepped down from his position as Interwetten Sports’ Speaker of the Board. The 29-year-old had joined the company in 2018, replacin...

Read more »

BGC, the UK’s Betting and Gaming Council, has announced the implementation of a new set of measures in order to prevent underage audiences from being ...

Read more »

Online sportsbook and casino operator Vbet will be sponsoring French Ligue 1 powerhouse AS Monaco. The deal includes seasons 2020-2021 (which just sta...

Read more »

UK-based bookmaker Betfred has announced the extension of its World Snooker Championship sponsorship until 2022. It is considered the biggest snooker ...

Read more »

Latest Betting Offers
TERMS AND CONDITIONS
 
Qualifying
 

1. This offer is available for all customers registered and verified on stsbet.com.
2. The qualifying bet must be made on any match of the German 1st Bundesliga taking place from Monday - Sunday.
3. The qualifying bet must be a single bet.
4. The qualifying bet can be a pre-match or live bet.
5. The stake amount of the qualifying bet is minimum €20.
6. The qualifying bet must be placed between Monday - Sunday.
7. The qualifying bet must be placed at min. odds of 1.50.
8. If the qualifying bet is abandoned, cancelled or made void, then the qualifying bet is not valid and the free bet will not be credited.
9. Any bets that use the Cash Out feature, full or partial, will not count as qualifying bets.
10. Deposits made with Trustly, Paysafe, Skrill, Eco Payz, Rapid, MuchBetter or Neteller are excluded from qualifying bets.
11. If you place a qualifying bet higher than €20, you will still receive a maximum free bet in the amount of €5.
12. Qualifying bets must be placed with real money and not bonus funds.
13. The qualifying bet must be settled by Sunday (23:59 CEST) of the week they are placed.
14. Only the first qualifying bet placed on the matches occurring Monday - Sunday is eligible for this promotion.
15. If the qualifying bet loses, a free bet will be credited to the customer’s bonus account.

Using the Free Bet

16. One (1) free bet, worth €5, will be credited to the customer’s bonus account each Monday before 18:00 CEST once all qualifying conditions have been met.
17. Only one (1) free bet per gaming account will be credited per week. Placing more than one qualifying bet will not entitle the customer to multiple free bets.
18. The free bet cannot be cashed out.
19. The free bet can be used on any football matches.
20. The free bet will be valid for 3 days.
21. The free bet can be used in-play (live) or pre-match.
22. The free bet must be placed on minimum odds of 1.80. If the free bet is part of a multiple bet, each selection must be placed on minimum odds of 1.80.
23. The free bet can be placed as a single bet or a multiple bet.
24. Free bet stakes will not be included in any returns from the free bet. Any returns from the free bet will be added to the customer’s withdrawable balance.
25. The free bet cannot be transferred to Casino.
26. While using the free bet the Superbet feature cannot be used. If the Superbet feature is used then real cash funds will be used.