Registered Betting Companies in Kenya
Kenya has several new betting sites for local sports gamblers currently. Kenya still has twelve legal betting sites as at 2020.
The inception of regulated online sports betting in Kenya was in 2013. Approximately thirty sportsbooks have been started since then but some have gone under due to high government levies and tax evasion claims.
Kenyan Gambling Laws in 2021
Since 1966, Kenya has had a form of legalized gambling. The Betting, Lotteries and Gaming Act of 1966 was a law governing both the land-based casinos and retail sportsbooks.
They were governed under the same legislation when online gambling sites emerged. Best betting sites in Kenya were licensed by BCLB under the Betting and Gaming Act of 1966 until 2019 when a new law was passed.
The Gambling Bill 2019 advocates for taxations on adverts of gambling, reduced minimum bets and colossal taxes on e-gaming. This is partly because of the country’s bid to combat addiction to gambling.
The blow to all Kenyan gambling websites was dealt in 2019 when the National Assembly Sports Committee recommended increasing the costs. The regulations should be implemented by June 2020 as per the committee’s wishes. These include increasing licence renewal fees for betting firms domiciled outside Kenya.
At present, Kenyan legal betting companies still receive bets. However, many gamblers from Kenya prefer to use online bookmakers abroad.
Available Payment Options in Kenya
It could be the simplest method of funding your betting account in Kenya is to sign up through a mobile phone. Again, you can use your phone bills for making deposits.
Normally, Kenyan betting sites have their own Mpesa business numbers which you can use in the cashier to send money and be given a PIN that will be your receipt.
Mostly, withdrawals at online betting shops in Kenya will attract some fee if you fail to cash out above specific amount. In case your sum of withdrawing is below KES500, certain sportsbooks typically take around 16 to 20 Kenyan shillings. Therefore, it is advisable that one always checks the cashier details before proceeding with a transaction.