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20pc tax cuts growth in Kenya’s gambling industry by almost half
A dealer lays out cards in the gaming room at Casino Malindi. Every cent a Kenyan wins in lotteries, gambling or raffles is taxable at the rate of 20 per cent. PHOTO | FILE
A 20 per cent withholding tax slapped on the thriving gambling sector last year has cut down the industry’s growth by close to half.
PricewaterhouseCoopers' (PwC) report ‘Taking the Odds’ - a gambling outlook for 2015 - 2019 - states that Casino gambling revenues in Kenya rose only by 6.9 per cent last year down from an 11.2 per cent increase experienced in 2013.
