News From The Sports Scene

Research Reveals More Than 60% Kenyans Fear Heavy Taxes May Kill Betting Industry

Research Reveals More Than 60% Kenyans Fear Heavy Taxes May Kill Betting Industry

A poll conducted on 822 respondents from the seven counties- Nairobi, Uasin Gishu, Meru, Nyeri, Kisumu, Mombasa, and Kakamega, revealed that more than 60% of the Kenyans do not support the recent legislation imposing a 35% tax on the betting companies. Only about 22% of the respondents were in support of it.

Respondents are unsupportive of the new law as they fear the new legislation would lead to unemployment and would reduce sporting event sponsorships. The major companies sponsoring local sports are Sportpesa at 82% and Betway at 21%. They are further concerned that the law would kill the betting industry.

The research further shows that the high taxes are very unlikely to dissuade people from involving in betting with more than 60% agreeing to continue betting on International platforms.

The Sports Federation at the same time is planning to form a lobby to convince the government to discard the new law.

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