Excise duty collection from betting grows to Ksh 13B

Excise duty from betting services grew to Ksh 13.2 billion in a year to June from Kshs. 10.6 billion collected in the last financial year.

Kenya Revenue Authority (KRA) says during the 2024/25 fiscal year, betting tax surpassed the set target after collecting Kshs. 5.7 billion against a target of Ksh 5.5 billion.

This translates to a performance rate of 103.7pc and a growth of 22pc.

The performance is attributed to KRA’s Taxation at Source initiatives specifically, integration of betting firms’ systems to KRA’s systems, enabling real-time monitoring of transactions.

This has enhanced compliance and transparency and facilitated effective collection.

The growth in revenue comes at a time when the nation continues to face economic pressure.

According to the 2025 Economic Survey, Kenya’s economy grew by 4.7pc in 2024, down from 5.7pc in 2023, reflecting broader global slowdowns and local pressures on consumption and credit.