Pros And Cons Of Betting In Kenya
Gambling, particularly sports betting, is widespread in Kenya, with many people regard it as an alternative way of gaining money. It is undeniable how some gamblers attempt to engage in the activity as they perceive it as a quick acquisition of wealth.
Others enact gambling as a transparent endeavor to make ends meet for their jobs that do not offer enough income.
Irrespective of why Kenyans gamble, one thing is for sure: aside from the possibility of a profitable experience, it can provide fun and entertainment, encouraging the urge to gamble.
Today, most gamblers have resorted to sports and live bettingkenya online amidst the coronavirus pandemic, prompting the temporary closure of various land-based casinos with an indefinite time of resumption in operations.
However, many sports betting Kenya companies in Kenya, including the largest ones such as SportPesa and Betin, ceased their operations in Kenya upon the new 20% tax on all winnings imposed by Kenyan regulators.
With the new betting regulations, many gamblers are sure to be discouraged. Additionally, the industry is sure to deal with significant loss and various effects resulting from the said regulations.
The Pros and Cons of betting in Kenya is still unsure: this infographic from Chezacash has some of the current effects of the new regulations of betting in Kenya.