Gamblers beat NSE with Sh330bn stakes in one year

Gamblers placed a record Sh330.5 billion in bets in the year to June, outpacing new investments at the Nairobi Securities Exchange. The Kenya Revenue Authority collected Sh16.5 billion in excise taxes from the industry, exceeding its target by 15.9%. The excise duty was lowered to 5 percent from 15 percent. 143 betting and gaming companies were integrated for real-time tax access.