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Betting firms double to 200 amid tax clampdown

A recent Central Bank of Kenya-backed survey found that young people were increasingly looking at betting as a source of income.

Photo credit: Shutterstock

By  John Mutua

Business Reporter

Nation Media Group

The number of betting firms licensed to operate in Kenya has doubled to 200 in three years, defying a government clampdown on gambling through higher taxes both on companies and punters.

Betting Control and Licensing Board (BCLB) data shows the firms have increased from 118 in the year that ended June 2024 and 100 in 2021.

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Note: The results are not exact but very close to the actual.

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