fbpx
Potentash
  • Relationships
    • The Singlehood Series
    • Dating
    • Sex
    • Parenting
  • Lifestyle
    • Home
    • Food + Beverage
    • Fashion
    • Interviews
  • Stories
    • The Singlehood Series
    • Fiction
    • Poetry
  • Skin + Beauty
    • Skin
      • Skincare
    • Hair
      • Haircare
  • Wellness
    • Physical Health
    • Emotional Wellness
    • Mental Wellness
    • Social Wellness
    • Spiritual Wellness
  • Business
    • Business Finance
    • Personal Finance
    • Entrepreneurship
    • Investments
    • Personal Investments
  • Entertainment
    • Internet
    • Events
    • Music
    • Books
No Result
View All Result
  • Login
Potentash
  • Relationships
    • The Singlehood Series
    • Dating
    • Sex
    • Parenting
  • Lifestyle
    • Home
    • Food + Beverage
    • Fashion
    • Interviews
  • Stories
    • The Singlehood Series
    • Fiction
    • Poetry
  • Skin + Beauty
    • Skin
      • Skincare
    • Hair
      • Haircare
  • Wellness
    • Physical Health
    • Emotional Wellness
    • Mental Wellness
    • Social Wellness
    • Spiritual Wellness
  • Business
    • Business Finance
    • Personal Finance
    • Entrepreneurship
    • Investments
    • Personal Investments
  • Entertainment
    • Internet
    • Events
    • Music
    • Books
No Result
View All Result
  • Login
Potentash
No Result
View All Result
History Of Gambling In Kenya

Image from https://pixabay.com/photos/giraffe-kenya-africa-wildlife-2191662/

History Of Gambling In Kenya

Wambui Gichuki by Wambui Gichuki
23 June 2021
in Entertainment, Games, Internet, Lifestyle
Reading Time: 3 mins read
41 2
0
52
SHARES
287
VIEWS
FacebookTwitterWhatsApp

Kenya has one of the largest African gambling markets. Many people are surprised that a developing country is such a massive part of the industry. Let’s talk about the history and how it got where it’s at today.

Establishment

Kenya established its gambling laws in 1966 through the Betting Lotteries and Gaming Act of the United Kingdom. The government created the Betting Control and Licensing Board (KBCLB) to handle regulation. Land-based casinos began opening in major cities, with a total of 30 overall.

Kenya’s Current Gambling Market

Experts have estimated Kenya’s gambling market is worth $40 million today. It’s the third-largest when it comes to Sub-Saharan Africa. Kenyan youth spend more money gambling on average compared to other African countries.

Kenyan players can play at physical locations or take advantage of foreign casinos. Several out-of-country establishments accept them. With so many options available, it’s helpful that sites like casinos-online.co.ke provides lists of the best ones.

How Their Market Grew

Speedy Internet Connection

Some reports show Kenya has faster internet speeds than the US. The country ranks 14th in the world, at 13.7 megabits per second.

Few African countries have a speedy connection, which puts Kenya ahead of the game in these markets. Plus, Kenya has more users at a 43% penetration rate. Most of these people access the internet from their phones, which is a fantastic way to access online casinos.

Sports Betting

Betting on football is incredibly popular in Africa. Kenya has 30 sportsbooks with an estimated combined revenue of $2 billion. By taking advantage of the sport’s popularity, the country has extensively helped its gambling industry.

Mobile Money Services

Kenyans use a mobile money service called M-Pesa. To make a deposit or get cash, they go on the app and make a request.  Then an agent brings their money or picks up their deposit. They can also use M-Pesa for cashless transactions.

A lot of Africa’s economy is cash-based, and credit cards are rare in some areas. Plus, many citizens live far away from banks and don’t even have an account. M-Pesa allows people to make deposits that can then be transferred to bookmakers and casinos.

This service increased the customer base for online gambling establishments. Kenyans can make deposits and withdrawals on online sites despite the issues with the cash-based system.

Kenya’s Legal Situation

Kenyans can legally gamble in the country and play at Kenya-based and foreign casinos and sportsbooks online. The Kenyan Betting Control and Licensing Board is the government’s betting regulatory body which authorizes lotteries and gambling activities. They license sports betting and casino providers. They do not operate like Norway, where the state tightly controls services and only allows two companies to do business, instead Kenya allows many companies to be active once they have been lawfully permitted.

Conclusion

Kenya has grown its market with sports betting and fast internet, but, importantly, they formed a regulatory board who are open to granting licenses to foreign and domestic companies, which allows the market to grow and continue to be as healthy and fair as possible for consumers.

Technologies That Changed The Image Of The Gaming Industry

Share21Tweet13SendShare4Pin5
Previous Post

Tomatoes For Beauty And Skin Care

Next Post

The New M-PESA Super App Has Amazing New Features – Here Is What You Need To Know

Wambui Gichuki

Wambui Gichuki

Next Post
The New M-PESA Super App Has Amazing New Features – Here Is What You Need To Know

The New M-PESA Super App Has Amazing New Features - Here Is What You Need To Know

Please login to join discussion

Recommended

Health: Kidney Stones – Symptoms, Causes And Treatment

Health: Kidney Stones – Symptoms, Causes And Treatment

27 September 2021
58
Why Not Try This Spanish Rice Recipe?

Why Not Try This Spanish Rice Recipe?

22 December 2022
19

Popular Stories

  • Nonphysical abuse types and signs

    From Fairytale To Nightmare, My Knight In Shining Armour Turned Into My Abuser

    527 shares
    Share 211 Tweet 132
  • She Married Him Despite Her Family’s Objections To Prove She Was A Ride Or Die Babe. It Came Back To Bite Her

    523 shares
    Share 209 Tweet 131
  • I Should Have Read The Signs That He Just Wasn’t That Into Me But I Was Wrapped Up in The Fantasy That We Were Meant To Be

    1347 shares
    Share 539 Tweet 337
  • He Asked Me To Go On A Trip With Him But Ghosted Me On The Day We Were Supposed To Leave

    129 shares
    Share 52 Tweet 32
  • Relationships And A Tolerable Level Of Permanent Unhappiness

    263 shares
    Share 105 Tweet 66

Potentash Blog

Potentash is an award-winning lifestyle blog. We publish lifestyle content that intersects with health, women, beauty, travel, business, relationships, finances and entertainment.

Explore

  • The Singlehood Series
  • From Stairs To Ramps
  • Man Around Nairobi
  • Pearls And Heels
  • Personal Finance
  • Food + Beverage
  • Editor’s Pick
  • Reviews

Get the Potentash Newsletter

  • Newsletter Archive
  • Subscribe
  • Frequently Asked Questions
  • Privacy Policy
  • Contact Us

Copyright © 2023. Potentash, In Partnership with Decima

  • Login
No Result
View All Result
  • Relationships
    • The Singlehood Series
    • Dating
    • Sex
    • Parenting
  • Lifestyle
    • Home
    • Food + Beverage
    • Fashion
    • Interviews
  • Stories
    • The Singlehood Series
    • Fiction
    • Poetry
  • Skin + Beauty
    • Skin
      • Skincare
    • Hair
      • Haircare
  • Wellness
    • Physical Health
    • Emotional Wellness
    • Mental Wellness
    • Social Wellness
    • Spiritual Wellness
  • Business
    • Business Finance
    • Personal Finance
    • Entrepreneurship
    • Investments
    • Personal Investments
  • Entertainment
    • Internet
    • Events
    • Music
    • Books

Copyright © 2023. Potentash, In Partnership with Decima

Welcome Back!

Sign In with Linked In
OR

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In