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Treasury targets gamblers with a raise on betting tax

Online betting

Maybets has unveiled diverse betting options that allow gamers to enjoy high winnings.

Photo credit: File | Nation Media Group
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By  John Mutua

Nation Media Group

What you need to know:

  • The National Treasury has proposed to peg excise tax on betting stakes at 20 percent up from the current 12.5 percent.
  • Kenya has the highest number of young gamblers at 76 percent, placing the country ahead of Nigeria and South Africa.

Gamblers will pay the government Sh20 for every Sh100 they stake should lawmakers pass the Finance Bill, 2024.

The National Treasury has proposed to peg excise tax on betting stakes at 20 percent up from the current 12.5 percent.

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