But to learn that people are spending such huge amounts on betting in such a short time? The revenue declaration snapshot was obtained by Finance Uncovered, a UK-based investigative journalism and training project, and shared with the Daily Nation. It originated from an insider at the BCLB, which receives and compiles monthly revenue declarations from the industry.

This is thought to be the first time that betting figures for the entire industry, albeit a one-month snapshot, have been made public. The Kenyan gambling market is heavily dominated by online betting, which industry experts say typically returns 90 per cent of bets to punters as winnings.

Retail outlets, or betting shops, return 85 per cent. The amount firms retain after making winnings pay-outs is called the Gross Gaming Revenue, or GGR.

Betting firms could, therefore, be retaining between 10 to 15 per cent of bets staked. This means they could have raked in GGR of between Sh3 billion and Sh4.

This works out at between Sh36 billion and Sh54 billion ££ million in annual GGR. SportPesa, which became a roaring success after it launched in Kenya in , accounted for almost two-thirds 64 per cent of market share. The firm stepped to the international stage after it announced a Sh1.

It would also set up a global headquarters in Liverpool. Before it shot to global fame, it had entered smaller deals with Arsenal, Southampton and Hull City football clubs, as well as the Spanish La Liga and a top Italian club teams.

Rival firm Betin came in second, with declared bets of almost Sh6 billion £47m — nearly 20 per cent of all market share. Sportpesa and Betin were among the 27 firms whose betting licences were withdrawn by the government in July last year over alleged tax non-compliance. SportPesa and Betin fought the tax demands, which the Kenya Revenue Authority KRA claimed they owed in arrears under the revenue laws, in court.

They were given tax compliance certificates for the previous year only for the government to demand more. Two directors of Betin Kenya, Leandro Giovando and Domenico Giovando, were also deported and later denied entry back into Kenya, despite holding valid investor work permits last year.

While some of the other suspended firms later had their licences reinstated, both SportPesa and Betin to date have not. They offer Kenyans a unique sports betting experience with mobile and web-based application options and high payout rates and bonuses.

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