Nairobi, March 28 -- The government will slash a chunk of the billions staked every year from punters and channel them into a compulsory Hustler Fund-style savings kitty promoted by President William Ruto's administration as a way of developing a savings culture among Kenyans.

Punters will also stake a minimum of Sh20 through online gambling in the proposed changes to gambling rules by the Presidential Taskforce on the establishment of a National Lottery.

The new Bill proposes to carve out part of the wagered amount for savings which will be determined by the new Gambling Regulatory Authority in consultation with the Interior Cabinet Secretary.

"A player in the online gambling activity shall not bet an amount less than twenty shillings...