The government has been adamant about upholding its 20% withholding tax on all wins brought about through betting and most betting sites that are still operational have been adhering to this.
The government appears to be targeting betting as one of its cash cows to offset a portion of the enormous debt burden that they have dug us into and have introduced two taxes that are sure to frustrate gamblers, is the withholding tax standing at 20% and the proposed excise duty of 20% on stake.
But despite the frustrations set upon the average punter, there is some good news. Betting sites such as mozzartbet and Betika is now offsetting the withholding tax burden by offering multibet bonus of up to 26%. This means that most punters whose multibets come through will now be a benefit in full from the selected odds.
For Betika it appears that you have to place a bet of 3.6 odds or more to access this bonus and for mozzartbet it appears that you get a bonus irrespective of the odds.
With the exit of the three betting platform provider giants (sportpesa,betin,betpawa) the betting industry is filled with opportunity, and the more aggressive the betting service provider the higher their returns. It appears that these bonuses are geared at attracting punters and we definitely welcome it.