The sport bets were not well-known in Kenya some time ago. However, now they are something like a gold mine for this country. At this moment 36 betting firms are registered in Kenya. Up to 4 of them were registered recently, during the last 4 months.
For example, this year some firms such as Betran, Socialcom, Yesbet and Nzworld were registered. Also, some big spenders are dominating the area. Among them it is possible to highlight SportPesa and Betin.
Yasbet is located in the UK and Nzworld is in India. The startup Nazara Technologies brought their owners up to $20 billion in 2016/17 and it is good for the economy of the country.
Registration of the firms
The number of firms could be higher, however, due to political reasons, if someone owns a firm during 2 years, but does not use it, that firm can lose the license.
According to economists, the development of betting industry shows that the economy of Kenya becomes better.
If people can spend some money on bets, it means that they have a high level of life. Also, the main fact is that it is possible to deposit and withdraw money in short time.
A lot of betting firms have their different ways of inviting new clients. For example, the sum of bets plays a big role. Also, people are looking for the high Jackpot.
If you check SportPesa, it will be one of the main players. The reasons are:
- High odds;
- Easy navigation;
- Quick payout
Betin Kenya is also popular, however, its focus is on different markets. It means that people have more opportunities to make bets.
It is planned to have the electronic monitoring, taxes and also prevent using bets by minors. It will be done in order to develop the betting business.
