MERCY MURUGI WANJOHI - University of Nairobi.
Kenya has imposed new taxes on gambling operators after mounting concerns over the proliferation of gambling and the idea that the government was not getting its cut. On Tuesday, Kenya’s.
Compared to adults, adolescents may be even more vulnerable to the harmful effects of gambling, as their ability to assess risks is still developing (Miller, 2017).
However, it is worth noting the cost of solving the adverse social effects of gambling as well as that of collecting the revenue is greater than the benefit of the tax collected. The number of foreign-owned betting companies in Kenya and Africa, in general, is higher than that of the local firms.
Unfortunately, gambling is legal and is perceived a recreational activity in Kenya. There are no clear laws governing sports betting, leaving betting companies to set their rules and play by them.
The effects of a gambling addiction are often quite clear. A large number of people who engage in compulsive gambling will use credit cards and debit cards to pay casinos or internet gambling organizations. If you engage in problem gambling, you will most likely incur debt, damage your relationships, and lose sight of your goals in life.
Gambling is the wagering of money or something of value (referred to as “the stakes”) on an event with an uncertain outcome with the primary intent of winning money or material goods. This has seen many people win huge lump sums of money and others lose all their possessions.
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