Sh41m tax on SportPesa Jackpot win

After its foundation about four years ago, Sportpesa has made a huge number of people millionaires. Many people have their lives turned from better to best. Now that Sportpesa being the latest money-making scheme, boy child has benefitted a lot as their loved ones can never try to shut their doors on them. Just imagine shutting that door and in the next day, he is the latest millionaire in town, who doesn’t love money?

Kalenjins since the foundation of Sportpesa have benefitted much from this jackpot thing leave alone a huge multi-bet at stake. I don’t really know how this comes about but in this tax burden time, sportpesa will always be a sure income earner if you place your bookies well.

The latest notable millionaire in town is Cosmas Korir, who vied for Konoin parliamentary seat in the last poll but lost. He works as a civil servant as director of Agriculture in West Pokot County earning less than Ksh.300,000

Cosmas Korir, the new Mega jackpot winner during a past function in Bomet./Felix Kipkemoi

BE SURE NOT TO MISS: Things You Can’t-Miss In A Kalenjin Home.

Government On Sportpesa Tax.

The latest betting taxes approved by President Kenyatta On September 21 demands that those whose bet exceed 20 percent of their winnings are sought to pay tax. This now means that the government will get Ksh.41.6 million of Mr. Cosmas Korir’s jackpot win.

“Congratulations on this achievement. I left home and came to the office and congratulate you. Your life has changed, I will personally meet you soon and we can then share tips on how you can use this money wisely,” SportPesa CEO Ronald Karauri explained.

This is the fourth time a Kenyan is winning the jackpot and the third highest amount to ever be won in Kenya’s history of betting.

To claim this Jackpot, Mr. Korir correctly predicted the results of 12 football matches, including Burnley’s 2-1 win over Cardiff on Sunday.

May last year, Samuel Abisai won the first Mega-jackpot of Ksh.221 million, a month later three winners shared Ksh.115 million. Gordon Ogada also claimed Ksh.230 million earlier this year.

President Kenyatta later reversed the earlier law that imposed a tax of 35 percent on gambling revenues and cut it to 15 percent. High tax rates were meant to curb the rapid growth of online gamblings sites, which was said to exploit young and the vulnerable.
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