Casinos in Africa: New taxes on stakes and wins | Novusbet

Published on Nov 18, 2021

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Casinos in Africa: New taxes on stakes and wins

Novusbet’s casino suite is able to support the mentioned new taxation that is happening in Africa, both for stakes and winnings.

Africa is a huge and promising market for gambling, with many opportunities still to come. African players love number games, sports, virtual sports and every sort of betting activity.

Governments continue to legislate in this industry to allow citizens to enjoy themselves in a secure environment for them and a profitable one for the administration, with the money from the taxes contributing to the economic recovery.

The industry is observing an evolving situation with different jurisdictions applying a tax on sports betting, which is now also beginning to be charged on casino games. This is the case in Kenya, one of the most developed African gambling countries.

Players wanting to stake a bet in Kenya must pay a tax on the stake, so instead of placing the desired bet of, for example, 10 shillings, they bet 10 shillings minus 7.5% tax. As well as that, winnings are taxed at 20%.

While the different national governments may follow Kenya and extend the taxes from sports betting to casino games, is your business ready to support these new challenges and go live quickly and safely?

NOVUSBET’S API, READY TO GO

It is certain that many African countries are following Kenya on this. Ghana, for example, is applying taxes to sports betting, too, and will probably tax casino games.

To be able to operate in this new situation, some additional development is needed, and not every company in the market is ready yet.

Novusbet’s casino suite is able to support the mentioned new taxation that is happening in Africa, both for stakes and winnings.

The preferred payment methods in the continent, a plethora of the best providers with more than 5,000 casino games, a seamless integration and compliance with the recent legislations.

...Plus all through one single API!

Make your African players feel lucky!

Get ready for the new taxation challenges around the world and profit from the brightest future of gambling in Africa with Novusbet!