The Kenya Revenue Authority (KRA) reported a notable growth in the collection of excise duty for betting services, raking in Ksh13.2 billion in the 2024/2025 financial year – above its Ksh11.3 billion target.
In a press release on Tuesday, August 5, KRA revealed that it raised an extra Ksh2.6 billion from the previous year’s collection of Ksh10.6 billion.
“KRA recorded an impressive performance of 117.2% in excise duty on betting services for the financial year 2024/2025,” the authority announced, highlighting the growth from Ksh10.598 billion to Ksh13.233 billion.
The revenue authority credited this success to its Taxation at Source strategy. By linking betting companies’ systems directly to KRA’s platforms, the agency is now able to monitor betting transactions in real time, raising transparency, compliance, and efficiency.
“The growth in revenue comes at a time when the nation continues to face economic pressure. According to the 2025 Economic Survey, Kenya’s economy grew by 4.7% in 2024, down from 5.7% in 2023, reflecting broader global slowdowns and local pressures on consumption and credit,” KRA stated.
Despite these challenges, the taxman has continued to exceed expectations. Just weeks earlier, on Thursday, July 10, KRA announced that it had collected Ksh2.571 trillion in total tax revenue for the 2024/2025 fiscal year, reflecting a 6.8% growth from the previous period.
“Kenyans paid Ksh2.571 trillion in taxes for FY 2024/2025. This is a remarkable 6.8% growth despite economic challenges! For three decades, you’ve been our partners in nation-building. Every contribution has shaped Kenya’s growth story,” KRA said in its July statement.
