Last year, taxes initiated on betting companies led to the closure of top firms including Sportpesa, Betpawa and Betin. This led to massive unemployment as many employees were rendered jobless and billions of shillings lost in revenue.
The MPs have looked at this in the 2020/2021 Budget and decided to make comfortable the business environment in the sector as was suggested by SportPesa so as to allow the Betting industry to thrive as it was doing before.
“The amendment is to remove excise duty on betting. This is to reverse the negative effects of this tax on the industry, which has led to the closure of betting firms in Kenya yet international players continue to operate,” the House committee proposed.
This therefore means that SportPesa will fasten the process of their return in order to get in touch with millions of their customers who are eagerly waiting for their return. It is worth noting that the firm had already applied for the renewal of their licence and have been waiting for the approval of their application for several months now.
The new suggestion to lower taxes on betting activities has also seen the entry of another firm which has as of yesterday taken over SportPesa’s duty of Sponsorship to Gor Mahia FC and AFC Leopards. The new Betting firm will offer up to a tune of 100 million shillings over a period of 3 years to the two top clubs in the history of Kenya.
With Sports events taking shape after COVID-19 shake-up, gamblers in the country can now losen their seat belts because the tides are now settling. Already, SportPesa allows Kenyans to register in their newly revamped website and those with amounts in their accounts can even placed bets.
But those who are not able to access or bet in SportPesa still have several alternatives including Betika. They also have competitive odds and guys can still make good money if they get their predictions right. Talking of having correct predictions, you can have up to 60 odds via SMS instantly from us as a Tipstar platform. This is given to all subscribers.
The 60 odd slip with games in all the betting platforms wins you up to 6,000 shillings with a stake of 100 shillings. To subscribe and have the slip via SMS, You must pay 850 shillings via MPESA to 0792862269. This is our charge for the slip. You can also get 15 odds slip via SMS upon payment of 250 shillings or get 15 odds each day for 7 days if you pay 1000 shillings.
Get in touch after making your payments through calls or sms to 0758271865.