Sports betting has long been a part of the culture of many countries since time immemorial. People across race, gender, social, or economic status have been taking part in betting events by wagering money in many sports events – from horse races, cricket, and polo, to basketball, football, boxing, and golf.
According to historical records, betting has been around for thousands of years when people placed wagers on the results of a sporting event. It has been reported that the first gambling tools such as dice cubes was unearthed on the fertile soil of Mesopotamia around 300 B.C. Moreover, there were different kinds of gaming boards excavated in ancient Egypt, which also prove that people from the early stage of human civilization enjoyed playing board games.
In 15th century, the admiration of people in dice games diminished and was replaced with card games. It is also this age when the lottery became a significant form of gambling in Europe. It was in 1638, when the first known casino, the Ridotto, was established.
There was a point in time, however, when gambling was outlawed in many countries. By the early 20th century, any form of gambling was considered illegal throughout the United States, which then resulted in the rise of the Mafia and other criminal organizations.
Today, there are now government organizations that seek to control the operations of betting companies within their respected region. Kenyan sports betting is one of the hottest industries in the country, and fortunately, the government has been regulating this sector efficiently for the past recent years.
From technological revolution to the unavoidable issue of poverty, there are many reasons why more and more Kenyan people are participating in sports betting. Want to learn more on why sports betting is one of the fastest industry in Kenya, check out the infographic below from Chezacash.