Sports betting is a highway to poverty, says MP
20 September 2016, 14:15
Nakuru - The addiction to sports betting is giving Kenyans a direct ticket to poverty, a member of Parliament has said.
Turkana County Woman Representative Joyce Emanikor said that betting is doing more harm than good to Kenyans and majority of those taking part in betting are on the super highway to poverty.
She raised concerns that a big percentage of the money made by betting companies is transferred out of the country and does not benefit Kenya and Kenyans.
Emanikor said that the betting firms are out-rightly fleecing Kenyans and making them poorer.
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“If you look at the kind of money these firms are making compared to what they are giving to Kenyans, then you will realize that those participating in betting are on the highway to poverty,” she said.
“The money made by these companies ends up in foreign countries and does not help Kenya and in fact Kenyans who are participating in betting are becoming poorer day by day because what they give is more than what they receive,” she added.
The MP called for stiffer regulations on the industry to protect Kenyans.
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