Nakuru Residents Top in Betting – CBK Survey

An estimated 26 percent of Nakuru County residents are addicted to betting, says a new household survey.

FinAccess Household Survey conducted jointly by the Central Bank of Kenya (CBK), Kenya National Bureau of Statistics (KNBS) and the Financial Sector Deepening Trust (FSD Kenya), indicates that Nakuru is ahead of the more populous Nairobi and Mombasa which hosts 19 percent and 17.8 percent of the gamblers respectively.

“Nakuru, Busia, and Siaya Counties recorded the highest cases of gambling at 26 percent, 22 percent, and 19 percent, respectively, above the national average of 11 percent,” the report reads in part.

Gambling is divergent in nature, with sports betting often conducted through digital financial services and platforms, being the most common, followed by casino gaming and lotteries, some of which involve the use of cash.

The report further noted that Nakuru is among the counties with the highest financial literacy levels at 67 percent on the ability of the respondents to calculate the cost of interest of loans, just below Nairobi and Bomet counties at 70 percent.

In sub-Saharan Africa, Kenya leads in betting/gambling where the majority bet either daily or weekly.

There is however a disparity in the ranking of gambling counties, with the same report indicating that West Pokot’s prevalence stands at 25 percent, followed by Nyandarua county at 23.7 percent, Busia at 22.3 percent, and 20.9 percent for Trans Nzoia.

In September, Kenya Revenue Authority (KRA) cleared 105 betting firms, paving the way for the issuance of their operating licenses by the Betting Control and Licensing Board (BCLB).

The rising number of betting firms and lotteries licensed to operate in Kenya points out the fact that the industry is booming, despite the government’s stringent policy aimed at making the activity costly and unattractive through higher taxes and limited advertising time on radio and television.

However, most betting firms have turned to offline advertising tactics by using music streaming apps to dodge the watershed hours regulation, thus increasing their market penetration.

This has seen Ads featuring betting and alcoholic drinks embedded in music downloaded from sites such as Mdundo and Spotify and then played any time, even outside watershed hours of between 5 am to 10 pm.

Kenya’s betting industry has been on a rapid growth trajectory over the years, supported by an increase in mobile phones, internet, and digital lending that has enabled wagers to easily try their luck in multiplying their earnings.