Foreign Betting Companies
Over the years, betting has become the new craze among the youth and even the elderly. Many people have taken to betting even others attributing their success of their businesses to betting. This has led to a steady growth of sports betting companies in Ghana.
Publicly Traded Sports Betting Companies
The betting sites in Ghana compete with each other in order to gain more members. This is done through luring customers with good odds and a multi-million jackpot that is sought by almost everyone. Sports betting in Ghana has become popular due to the fact that sports are a liked activity.
From the time of baba Germany (2000), reported being around ebute meta area of Lagos, to the era of 1960bet Nigeria, Bet9ja, Nairabet, and others including new betting companies and their betting sites in Nigeria. Then, (in primary school days) we locked our pinkie fingers and cut it, to seal the deal, sports betting. Foreign companies are giving up on the United States and betting big on China, report says Photo CNN Business Shoppers at a mall in Wuhan, China's central Hubei province. Share on Facebook. It is companies that allow betting providers to exchange odds and bet against each other, rather than betting against a sports betting system. While sportsbooks are focused on fixed-odds betting, betting exchanges offer a fluid marketplace where customers can play against others.
Betting Companies in Ghana.
We have compiled a list of betting companies in Ghana. We have also included Ghana online betting sites to the list.
You can also try out your luck by checking out:
1XBet
BetWay
BetWinner
22Bet
It is true what they say: you can’t win without trying. Why not to try it out today? Now that you know all there is to know about betting, it should be easier for you to play and even win. Why don’t you start by looking for a bet that works for you? It is easy to apply, play, and win. All you need is your smartphone or laptop, and you are good to go.
Supabets.
It is one of the biggest betting sites in Ghana. They offer very competitive betting options with over 100,000 options offered on a daily basis. The site has over a million registered members. They are the leading sport betting sites in Ghana who specialize in tennis and football matches.
They offer compelling deals with free bonuses offered to all new members. They also offer bonuses on all bets played. But they also introduced casino games such as slots and soft games. They also have a variety of virtual games.
Premier bet.
It is one of the most diverse online sport betting company in Ghana. They offer betting options for over 20 different sport disciplines. They also gift their loyal customers with coupons which are in form of increased odds for random bet slips. The site is creating room for offering more attractive deals such as free bets and bonuses.
READ ALSO: Small Scale Business Ideas in Ghana
Mgabet.
Undoubtedly, one of the best sport betting company in Ghana with the best bonuses offered to members. They offer a bonus on their mobile app on any deposit made by a member to their account. They have betting options for over 30 different sports disciplines. They also have offer a wide variety of casino and virtual games.
Eazibet.
They are one of the best online betting site in Ghana. They are well advanced when it comes to live betting. Customers are able to place their bets when the games are still going on. You place the bet when the whistle for the beginning of the game is blown and when its blown to bring the game to a stop. They offer a wide variety of games from different league across the continent and the rest of the world.
They also offer a wide range of attractive options for customers. The customers are also offered free bonuses every time they deposit funds into their accounts.
Online Betting Companies
Safaribet.
They are the best betting sites in Ghana when it comes to different betting options including sports bets, virtual games, live betting and roulette. They also have over 40 different sport disciplines for you to choose from. Members are also assured of free bonuses every time they deposit in their accounts.
Sunbet.
They mainly concentrate on live betting and virtual games. They offer a wide variety of different games with over 200 sports. They also have a section of casino games where they offer slots. They offer competitive odds to all their customers.
Mybet.
It is one of the betting companies in Ghana where you are able to stake little and earn a huge return. Once you won, the steps for withdrawal are very easy. You can have the money deposited directly to your bank account or in direct to your mobile phone. It will take you less than 24 hours to withdraw your money.
Betway.
Foreign Betting Companies In Nigeria
Probably one of the most established betting companies in Ghana since 2006. They offer a 30% free bonus on all registration by new members. They also offer bonuses to members who direct other members to join the site. They have an elaborated payment system for all your withdrawals. You can also place bets on games that are still playing.
Betfair.
You are allowed to place bets either against the company or punters or against both. They also have rooms for casino and poker rooms. They also offer a 30% bonus discount to all new registered members. You also are allowed to place the lowest stake and earn a big win.
READ ALSO: Profitable business ideas in Ghana 2018
Betting and Taxes in Kenya – Do I have to pay any taxes?
BLOG 12/06/2019
It is no secret that gambling is now more popular than ever in Kenya as evidenced by the several sports betting companies that have emerged in recent years. Whether in casinos, at the race track or even on your phone or computer, the allure of a one-time life changing paycheque has driven many to join the craze with only as little as ten shillings needed in order to participate.
In an annual report done by Hootsuite, betting sites top the list of the most searched category on the internet. However, there is a general lack of awareness on the tax implications involved while betting.
Betting in accordance to the Law
There have been instances where people leave a popular betting company because they did not get the ‘full’ winnings’ deposited to their account, the gambler (punter) feels short-changed and this should not be the case.
The Betting, Lotteries and Gaming Act (1966) stipulates the rules and regulations that one needs to abide by when it comes to Betting.
Foreign Betting Companies Inc
Betting means to wager or stake any money or valuable thing on behalf of any person or, expressly or impliedly to undertake, promise or agree to wager or stake by or on behalf of any person, any money or valuable thing on a horse race, or other race, fight, game, sport, lottery or exercise or any other event or contingency;
In practice, Kenya Revenue Authority (KRA) taxes the winnings of punters (people who place bets) when they wage successful bets. It is important to note that placing of bets is a form of entertainment and does not lead to generation of income because it is a consumption.
Mandate of a bookmaker
Largest Sports Betting Companies
A bookmaker is a person who;
- Is in the business of receiving or negotiating bets on his own account or on behalf of others
- A person who receives and negotiates bets.
Betting companies, are required to withhold winnings at a rate of 20% as provided by Sections 10(g), 34(1)(m), 34(2)(i), 35(1)(i), 35(3)(h) and Paragraphs 3(i) and 5(i) of The Third Schedule, Head B of the Income Tax Act, Cap 472. This means that if you place a bet and win Ksh 50,000 you will receive Ksh 40,000. The balance of Ksh 10,000 is withheld by the betting company and remitted to KRA.
Betting tax is chargeable on the gross gaming revenue (GGR) of a bookmaker at the rate of 15% as provided by Section 29A of the Betting, Lotteries & Gaming Act, 1966. Gross gaming revenue means gross turnover less the amount paid out to the customers as winnings. The bookmaker remits 15% of the GGR to KRA on the 20th of every month. Similarly, winnings from casinos, lotteries and prize competitions are taxed at the rate of 15% as provided by sections 55A, 44A and 59B of the BLG Act respectively.
Tax compliance for those who gamble.
It is imperative that each individual involved in betting ensures that they are tax compliant. Additionally, it is important to note that the withheld amount by the bookmaker is final meaning that you do not have to make declarations in your annual Income Tax Returns.
Foreign Betting Companies Vs
So the next time you are engaged in betting and you get your full winnings after winning a placed bet, you ought to report such companies to Kenya Revenue Authority for non-compliance.