Payouts to gamblers thin out as fresh taxes hit winners

Kenya has flagged betting firm W88 Kenya for offering gambling services without approval. FILE PHOTO | NMG

Betting firms are paying out less of staked amounts to gamblers, making it harder for punters to reap from the game of chance that has turned out to be a source of income for millions of Kenyans.

An analysis of data from the Betting Control and Licensing Board (BCLB) shows that payout ratios dipped to 72.8 percent or Sh43.7 billion last year from a high of 89.8 percent (Sh269.3 billion) in 2019.

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