What tax do Kenyans Pay for Online Sports Betting?
In June 2021, a 7.5 excise duty was signed into law under the Finance Act of 2021. This means that for every Ksh.100 wagered, KRA takes Ksh.7.5 regardless of whether the bettor wins or loses. In addition, players pay a 20% tax on all successful bets. For instance, if you win Ksh.1000, KRA takes Ksh.200, and you receive Ksh.800.
Is There a Way to Avoid Paying Tax on Sports Betting?
Unless you find betting sites without tax in Kenya, you cannot avoid paying tax. All the necessary measures have been put in place to ensure you pay the excise duty and the 20% tax on your winnings. The only tax-free bookie in the country is 1xBet. When playing on this betting site, you will receive the full amount of winnings, and your stake will not be reduced.
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Where is the best place for Kenyans to bet?
With numerous betting sites launching in Kenya every year, it can be challenging to know which one is trustworthy, especially for novice players. Our experts have reviewed multiple bookies to bring you the best. Here are the top five sportsbooks for Kenyan players.
- 22Bet Kenya
- Betwinner Kenya
- Melbet Kenya
- Betway Kenya
- 1xBet Kenya
22Bet Kenya
22Bet is among the most popular betting sites in Kenya, founded by individuals who have a deep enthusiasm for sports betting. The bookmaker’s first online presence in Kenya was in 2017. It operates under the ownership of Marikit Holdings Ltd. With more than 40 sports and multiple betting markets, Kenyan players are sure to have a worthwhile experience on the platform.
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Soccer enthusiasts have a chance to enjoy an attractive payout of 97%+. There are more than 1000 events every day in the pre-match section. When you register with the bookie, you receive a 100% welcome bonus up to Ksh. 15000 on your first deposit. With 22Bet, you do not need to be glued to your laptop or desktop all day. The bookmaker’s mobile app has all the features, products and services available on the desktop version.
Betwinner Kenya
Betwinner has been in the iGaming industry since 2018 and has managed to win the attention of many players from Kenya. The bookie is owned and operated by Lucky Bet Limited. Kenyan players should expect to find all their favourite sports here, with more than 1000 daily events in the pre-match section. Live betting is among the areas where Betwinner triumphs.
The multi-view option enables you to watch more than one live event simultaneously. Those who register with the bookmaker receive a generous welcome offer of 100% up to Ksh.10000 on their first deposit. Betwinner has a dedicated mobile app for Android and iOS devices. It replicates the desktop version in terms of features and products.
Melbet Kenya
Melbet is a multi-national website that has been in the industry for more than a decade. In Kenya, the bookmaker launched in 2019, and it operates under the ownership of Gametosha Ltd. Melbet has a lot in store Kenyan online bettors from a vast range of sports to tons of markets and highly competitive odds.
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The operator’s bonus section is attractive, with two sign-up offers to choose from. One is a 200% welcome bonus up to Ksh. 26280. To activate the welcome bonus, you need to make a minimum deposit of Ksh. 130. If you love free bets, you can claim a Ksh.3940 free bet bonus when you make an equivalent deposit of Ksh.3940. You can choose to wager on the desktop or download the bookie’s dedicated mobile app for Android and iOS users.
Betway Kenya
Betway is a famous name among sports betting enthusiasts. It has been in the market since 2006, but it went live in Kenya in 2015. Betway Kenya operates under the ownership of Bluejay Limited. The bookie has had enough time to understand players’ needs and refine its products. There are more than 30 sports covering the local and international markets.
Every day, the pre-match section features more than 1000 events with numerous markets across all sports. When you register with Betway, you become eligible for an enticing free bet bonus of 100% up to KSh. 5000. Existing players receive enticing regular promotions to help them boost their bankrolls and keep them hooked. Mobile gamers will love the easy-to-use app offered by Betway.
1xBet Kenya
1xBet is a reputable betting site that has established itself as a serious competitor in the African sports betting market. It is the only reputable tax-free betting site in Kenya. The bookmaker has been in the Kenyan industry since 2016, and it operates under the ownership of Exinvest Limited. If you are looking for an all-in-all gaming platform, 1xBet should be on your shortlist. Expect to find a wide range of sports with tons of betting markets.
1xBet’s odds are among the reasons it stands out against its competitors. Players have a chance to take advantage of the highest prices, especially on the live betting section. When you create a 1xBet account, you become eligible for an enticing welcome bonus of 200% up to Ksh. 10000. This offer requires you to make a minimum deposit of Ksh.112. If you love playing on the move, you will appreciate the 1xBet mobile app for Android and iOS devices.
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