Nipate
Forum => Kenya Discussion => Topic started by: RV Pundit on May 22, 2019, 01:10:26 PM
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Annually their winning alone could cross 120B - I guess they make some margins - but their total revenues could be in region of 200B plus.
(https://kenyatalk.s3.amazonaws.com/2019/05/302446_d073f7099067ddb61d136879e68bdb42.jpg)
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Their KRA wars over withholding tax revealed winnings of 80B spanning 2 years ,and that was over 3 years ago between 2015 and 2016. This must have since grown, probably doubled.
https://www.businessdailyafrica.com/news/KRA-demands-tax-on-SportPesa-winners/539546-4987192-gp7lrm/index.html
It is quite possible that their profits rival those of kind KCB only with very little asset or capital base and all this going into very few pockets
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When foreign betting "investors" were deported, the authorities floated figures like Sh200b annually. This is good money for business, but thinking that so many productive people are spending hard earned money on gambling is just terrible. No products, no goods, just tears loss except to the investor.