The Kenyan market is flooded with betting websites, gambling platforms, casino websites, and other fascinating mobile gambling applications. Even though there are many betting companies in Kenya, not all of them necessarily have user-friendly terms and conditions or are as profitable as they portray themselves to be. Every bettor should consider this important fact before registering with a site because many betting sites in the country charge taxes, and some even demand payment when placing bets. So that you never fall victim to a trap again, let us introduce you to the world of no-tax betting sites.
What Is Tax?
Simply put, taxes are just money that gamblers unknowingly pay to the website they are using. In comparison to fees that can be very disappointing when making bets or money transfers, they are not necessarily bad. Nobody wants to pay additional money for things that can be done for free, right? However, it is crucial to understand the distinction between taxes and additional fees.
The majority of government activities, such as social insurance and health care programs, as well as public works and services, are funded by taxes. Since sports betting is legal in Kenya, it is necessary for local websites to tax their services. In Kenya, the KRA is responsible for taxing bettors' winnings.
Can Sports Betting Be Tax-Free?
This is a question that, in our opinion, you already know the answer to. Online bookmakers can indeed operate tax-free, but that is extremely uncommon. You were taken in by our ruse! Due to the legalization of sports betting in Kenya, a portion of every wager you place on an online betting site and win will be donated to the government so that it can construct new structures and roads and generally improve the country. Due to the legalization of this activity by the authorities, this money is funding governmental needs just like it would with any other job.
All of this does not, however, imply that there are no tax-free businesses operating in the nation. There is one platform on the Kenyan market that does not charge its customers anything at all, unlike the majority of websites you are used to playing on, like Betika or OdiBets, for instance, which charge their customers 20% of their winnings. Let us take a closer look at it!
1xBet - the Only Tax-Free Platform in Kenya
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The only betting website that is regarded as tax-free in Kenya is 1xBet. This platform is definitely a legend compared to other betting sites since it is internationally renowned and has an incredible reputation among players all over the world. The caliber of the company’s offerings and the enormous amount of effort put into them are responsible for its stellar reputation; nowadays, we hardly know a bettor who isn’t familiar with this site.
If you are a newcomer to the industry or simply have not heard of 1xBet, allow us to run down some of its main advantages.
⚽Extra large sports library
💸Wide array of payment methods
🕹️Appealing casino section
💻Live betting feature
💬Reachable support team
📱Mobile app for iOS and Android
🎁Abounds in promotions
💰Cash out feature available
🎈Generous welcome offer
Why Is It Tax-Free?
The fact that 1xBet is tax-free in Kenya surprises a lot of gamblers, but no information is publicly available on this subject. All we know is that this platform is fully licensed, compliant with the law, and provides betting services that are tax-free.
The website's lack of local headquarters in Kenya is most likely to blame for this phenomenon, but there may be other factors at play as well.
The Importance of Taxes in Kenya
You probably already know that there are a lot of online gamblers in Kenya, and the most recent statistics show that the country's gambling industry generates more than $2 billion annually. Imagine if all the revenue that comes from the seven million sports bettors, who make up roughly 15% of the population, wasn’t taxed. It would be shameful for the government to choose not to legalize this activity for the benefit of the nation.
Taxes, as previously mentioned, enable the country to develop and grow economically, which is why it is crucial that activities like online gambling, which enjoy enormous popularity, are taxed and treated like other jobs. In fact, it is unfortunate that 1xBet is tax-free, given the variety of customers it attracts and the revenue it could generate for Kenya and the country's population.
Conclusion
In summary, we can draw the conclusion that even though tax-free platforms may appear more profitable or alluring, they are ultimately less profitable for the nation in which you reside if this activity is legal. At the moment, only 1xBet offers tax-free betting services in Kenya, which is a pity because it could generate a lot of income and contribute to the local economy.
