Betting firm OdiBets complies with Government direct to cut 20 percent of customers winnings

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Kenya’s fastest rising betting firm OdiBets this week began deducting 20 per cent from customer’s winnings and remitting it to Kenya Revenue Authority(KRA).
Having complied with the directive by the Betting Control and Licensing Board and KRA, the firm which boasts to always giving bettors the best betting experience will ensure that the tax required by the Government from winners is deducted immediately a bet is complete.
“Our clients will now get 80 per cent of their potential winnings starting this week. As a business, we hope they will bear with us as we try to follow the laid down regulations by the Government,” said OdiBets Country marketing manager Aggrey Sayi.
The move comes months after a customer challenged the taxation of winnings in court.
This means if a gambler wins sh20, 000 the firm will withhold Sh4000 and remit to the taxman.
“We will always strive to give our customers the best betting experience and we will always follow Government directives which are aimed at streamlining the betting industry,” said Aggrey Sayi.
Mid last month, the Government cleared 10 betting firms to operate in the country.
The companies were among the 27 whose licences had failed to be renewed by the Government over tax compliance.
They include Mozzartbet, OdiBets, Lucky 2u, Eazi Bet, Kick off, Eastleighbet, Palms Bet, Bet boss, Betway and Ken Bookmakers.
With the elite leagues around the world starting soon, gamblers in the country will be hoping to win big after placing their bets.

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