Kenya projects betting tax receipts will rise to Sh11.4bn in 2025/2026
Kenya’s Parliament Budget Office projects betting tax receipts of Sh11.4 billion in the 2025/2026 financial year, up from Sh5.4 billion previously. The Finance Act 2025 cut excise duty on wagers and withholding tax on winnings to 5%, while extending the charge to deposits and withdrawals involving betting wallets. The PBO warned that taxing these transactions could drive some players to unregulated platforms.
The expanded tax base changes the cost of betting-wallet transactions and could affect operators’ compliance and customer activity.