The current position (Finance Act 2025)
Under the Finance Act 2025, betting tax shifted away from taxing stakes and winnings directly, to taxing money moving in and out of betting wallets:
- A 5% excise duty applies when you move money into a betting account (charged on the transfer/deposit).
- A 5% charge applies when you withdraw from a betting account.
In practice this means a deposit and a later withdrawal each carry a 5% charge, regardless of whether a particular bet won or lost. Operators deduct these automatically and remit them to the KRA, so the amounts usually appear already deducted rather than as something you file.
What it replaced
Before the 2025 change, the system worked differently: a 15% excise duty was applied at the point of placing a bet, and a 20% withholding tax was charged on winnings (excluding your original stake). You may still see older guides describing this arrangement — it's no longer the current rule under the Finance Act 2025.
The 2026 change in motion
A Finance Bill tabled in 2026 proposed reverting to a 20% withholding tax on net winnings (winnings minus the stake), reinstating a definition of "winnings" in the Income Tax Act. As of June 2026 this is a proposal that has been through public participation rather than a settled rule, so it may or may not take effect as drafted. If it passes, how and when betting is taxed could change again — another reason to confirm the current position with the KRA rather than relying on any single article, including this one.
The practical takeaway
Whatever the headline rate, tax is a cost that comes off the top of betting — it makes an already negative-expectation activity a little more so. It's one more reason to treat betting as entertainment you budget for, not a way to make money. For the licensing side of doing this safely, see is online betting legal in Kenya? and the register; for payments, M-Pesa and betting.
By Samuel Kamau · Last reviewed June 2026. General information, not tax advice. Tax rules change frequently — confirm the current position with the KRA before relying on it.