New Kenyan Gambling Bill May be Cause for Concern
Posted: February 20, 2017
Updated: October 6, 2017
Gambling operators in Kenya are beginning to worry after a new Kenyan gambling bill was proposed that will significantly increase taxes.
The Kenyan gambling industry is one of the strongest in Africa, but many betting firms in the country are beginning to worry after a new gambling bill was recently proposed. This new Kenyan gambling bill, proposed by Jakoyo Midiwo, will significantly increase taxes for various forms of gambling.
Kenya’s betting tax will raise from 7.5% to 15% of operator’s revenue, the lottery tax will increase from 5% to 20%, and gaming tax will increase from 12% to 20%.
The Association of Gaming Operators of Kenya called the bill “misguided.” Chairman of the group Ronald Karauri commented further, stating “The Bill requires significant amendments. It would not be the same Bill as it was at the first reading. There appears to be a concerted targeting of the industry through measures that are designed to cripple the industry.”
Luckily for gaming fans, the new Kenyan gambling bill has not yet been passed, and there are still plenty of online gambling sites in Kenya that players can access. In addition to numerous domestic sites, a number of foreign sites are available here.
Those looking to bet on sports in Kenya should check out NetBet Sportsbook. This popular internet sportsbook offers betting odds on a wide range of different sports including football and rugby. NetBet also offers some great novelty bets on things like politics.
In terms of online casinos in Kenya, players have many different choices. One of the best options is BetVictor Casino, which has grown to become one of the most popular online casinos in Africa thanks to their huge list of online casino and bingo internet games.
Only time will tell whether the new Kenyan gambling bill will hurt the industry here. Until that happens, make sure to check out GamingZion’s list of Kenyan gambling sites and choose the ones that are right for you!
The Kenyan gambling industry is one of the strongest in Africa, but many betting firms in the country are beginning to worry after a new gambling bill was recently proposed. This new Kenyan gambling bill, proposed by Jakoyo Midiwo, will significantly increase taxes for various forms of gambling.
Kenya’s betting tax will raise from 7.5% to 15% of operator’s revenue, the lottery tax will increase from 5% to 20%, and gaming tax will increase from 12% to 20%.
The Association of Gaming Operators of Kenya called the bill “misguided.” Chairman of the group Ronald Karauri commented further, stating “The Bill requires significant amendments. It would not be the same Bill as it was at the first reading. There appears to be a concerted targeting of the industry through measures that are designed to cripple the industry.”
What Gambling Sites are Available in Kenya now?
Luckily for gaming fans, the new Kenyan gambling bill has not yet been passed, and there are still plenty of online gambling sites in Kenya that players can access. In addition to numerous domestic sites, a number of foreign sites are available here.
Those looking to bet on sports in Kenya should check out NetBet Sportsbook. This popular internet sportsbook offers betting odds on a wide range of different sports including football and rugby. NetBet also offers some great novelty bets on things like politics.
In terms of online casinos in Kenya, players have many different choices. One of the best options is BetVictor Casino, which has grown to become one of the most popular online casinos in Africa thanks to their huge list of online casino and bingo internet games.
Only time will tell whether the new Kenyan gambling bill will hurt the industry here. Until that happens, make sure to check out GamingZion’s list of Kenyan gambling sites and choose the ones that are right for you!
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