Ghana\u2019s finance committee has implemented 10% tax on every wins placed on any sport bet in the light of saving the economic from financial debt and revitalizing the economy.<\/p>\n\n\n\n
A sports bet guru Enokay who is followed by 174.1k followers on Twitter, some of his followers include top celebrities like Shatta Wale, Medikal and the likes shared his thought on this.<\/p>\n\n\n\n
\u201cAs a Senior investor I think one negative effect of implementing a 10% tax on sports betting could be that it may discourage some people from participating in sports betting altogether.<\/p>\n\n\n\n
The added cost of taxes could make it less appealing for some individuals to place bets, leading to a decrease in revenue for the industry.<\/p>\n\n\n\n
Additionally, it could lead to an increase in illegal sports betting activities, as some individuals may turn to unregulated or offshore betting sites to avoid the added cost of taxes.<\/p>\n\n\n\n
Finally, it’s possible that the tax revenue generated from sports betting may not necessarily be allocated towards public services or initiatives, which could further exacerbate the issue.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"
Ghana\u2019s finance committee has implemented 10% tax on every wins placed on any sport bet in the light of saving the economic from financial debt and revitalizing the economy.<\/p>\n","protected":false},"author":1,"featured_media":1214,"comment_status":"open","ping_status":"open","sticky":true,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1,21,18],"tags":[],"class_list":["post-1211","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-latest-latest","category-lifestyle","category-local"],"aioseo_notices":[],"aioseo_head":"\n\t\t\n\t\n\t\n\t\n\t\n\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t