Kenyans Spent 169.1 Billion Shillings to Place Bets Via M-Pesa in Early 2022

During the same time, Mpesa broke its own record as Kenya’s most profitable company. For the first time, M-Pesa reached Ksh. 100 billion in revenue in a year. before the end of the year. As of March 31, 2022, M-Pesa had made 107.7 billion shillings, a growth of 30.3%.

According to Mpesa, the value of bets jumped from 136 billion shillings in 2021 to 169 billion in 2022.

In 2021, Kenyan banks unsuccessfully tried to compel betting firms to report suspicious deposits and withdrawals from gaming accounts, saying betting sites offered convenient platforms to clean dirty money.

Between November 2013 and June 2019, Kenyan gamblers won 380.53 billion shillings from SportPesa alone.

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