![]() Other big winners in the betting craze are the Kenya Revenue Authority (KRA) and mobile money operators whose platforms are used to fund the bets. The gaming firm ceased operations in July 2019 after the Betting Control and Licensing Board (BCLB) revoked its licence over unpaid taxes and penalties that the taxman estimated at Sh95 billion. The sports betting brand made a comeback to the Kenyan market in October 2020 under a new company called Milestone Games whose business performance remains a secret. Pevans’ records show that punters used Sh149.73 billion to bet through SportPesa in 2018, up from the Sh111.51 billion they spent a year earlier. The disclosures show that the amounts gamblers used to stake and payouts by the firm were on a steady rise from 2014 until the company closed shop. Gamblers used Sh1.27 billion to bet through SportPesa in the 14 months to December 2014 and received Sh977 million as payouts. In the six months to June 2019, punters used Sh86.39 billion to bet and got Sh75.78 billion in payouts.īut the financial impact of the vast payouts remains unfelt given that most punters plough back the winnings to bet, ultimately losing the money.īetting stakes rose to Sh15.8 billion while payouts increased to Sh12.34 billion the following year. While a few gamblers get lucky and win large sums of money, the activity represents missed opportunities and losses for participants as a whole. The huge payouts and amounts spent highlight how betting had become the preferred pastime for millions of Kenyans, prompting a government crackdown and imposition of higher taxes to stem the sector’s growth. SportPesa was one of the 10 firms, including Premier Betting Kenya, Gameco LLP, Magic Slots and Cheza Gaming, whose licences were revoked in 2019 over the tax dispute. Parliament last year approved a 7.5 percent excise tax on every betting stake, adding to a 20 percent withholding tax that the KRA takes from every winning bet.īetting firms are required to withhold and transfer to the KRA Sh7.50 out of every Sh100 wagered regardless of whether the punter wins or loses. Shaun T’s Hip Hop Abs is the perfect workout if you’re not someone that LOVES working out.For every Sh10,000 that a gambler wins, the KRA takes Sh2,000.īetting firms are taxed on the gross gaming revenue – turnover minus winnings paid out - at a rate of 15 percent and a corporate tax on profits at a rate of 30 percent. We’ll look at what the workouts are like, how many calories you burn, the results and how to get them for free! There is no reason to have to dread exercising. Hip Hop Abs Review Does Hip Hop Abs Work? Shaun t hip hop abs workout video online free how to# You’ll see some amazing results below as well. ![]() The main thing with any weight loss or toning up goal is that you are moving every day in some way and eating healthy. ![]() Hip Hop Abs just makes it fun to workout versus something you dread. You literally just click a workout, stream it and sweat it out! You can learn more about streaming your workouts here or start your free 2-week trial! With Beachbody on Demand, You Get… You can get Hip Hop Abs free for 2 weeks with Beachbody on Demand.īeachbody on Demand is Beachbody’s streaming service which is set up similar to Netflix.
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