Online Gambling in Kenya: 5 Things You Should Know
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The growth of the online gambling industry in Kenya can be attributed to the societal acceptance of gambling as a form of sports recreation. Geteye, a 27-year-old university student, has won multiple times from his stakes on 22Bet Kenya. He believes that the belief of a better future which winning a bet can offer gives Kenyans the reason to continue gambling.
Internet accessibility plays a crucial role in making gambling platforms accessible across Kenya. Gambling platforms like 22Bet Kenya offer both web and mobile options.
Kenya has the third-largest gambling market in Africa after Nigeria and South Africa. Kenya has 53.77 million people, compared to Nigeria with 206.1 million and S. Africa at 59.7 million.
Kenya has highest number of young adults in sub-Saharan Africa who gamble daily. 78% of university students in Kenya gamble at least once every two days weekdays and daily over the weekends.
Kenya is the third-largest gambling market in Africa. The gross gambling revenue in a fiscal year is equivalent to half of the country's annual health budget.
The presence of government regulations in the gambling industry is complicated. The government promises to regulate the industry and protect the interests of both gamblers and investors.
Kenya's gambling industry has experienced tremendous successes. The government's plan to tax gamblers is a form of double taxation. It is unknown what the future holds for the gambling in Kenya and Africa.
