Nakuru has been ranked as the county with the highest number of gamblers in the country.
Nakuru county leads by 25.6 per cent followed closely by West Pokot at 25 per cent.
"It's worth noting that Nakuru is among the counties with the highest financial literacy levels of 67 per cent, proxied by the ability of the respondents to calculate the cost of interest on a loan," the report read.
This is according to the latest survey released by the Central Bank of Kenya, the Kenya National Bureau of Statistics and the Financial Sector Deepening Kenya last week.
"The survey provides rich data on the wellbeing of Kenyans through exploration of their extent of interaction with formal and informal financial solutions through various facets of their lives."
In the report, residents in the county bet more frequently as compared to others.
Nyandarua came third with 23.7 per cent with Busia 22.3 per cent and Trans Nzoia 20.9 per cent.
In Siaya county, 19.3 per cent of residents are involved in the betting activities.
Although Nairobi county has the highest financial literacy levels at 70 per cent, it became number seven with 19.0 per cent gambling rates.
At position eight, Machakos scooped 18.5 per cent, Mombasa took 17.8 per cent while Murang'a bagged 17.0 per cent.
The report provides a synopsis of statistics that reflect similarities and disparities in the level of financial inclusion at county level, that would otherwise have been masked by the national averages.
"This is important for policy makers, private sector players, researchers, development partners, among other stakeholders, in terms of identifying challenges and opportunities regarding provision of or access to formal financial services across the 47 counties," the report read.
FinAccess Household Survey also says the findings provide useful policy lessons to county governments as well as the national government in terms of instituting measures towards attaining inclusive and equitable growth.
There has been a debate on whether the betting companies are paying taxes as required by the law.
In September, President William Ruto asked CBK governor Patrick Njoroge to moderate the betting companies so that they can also pay taxes, as they are currently operating in a space that is "opaque."
"I am happy that the governor is bringing our online betting companies into the regulation space because we also want them to pay taxes. They are operating in an opaque space," he said.
Interior Cabinet secretary Kindiki Kithure also urged players in the betting and gaming industry to play their part and honor their duty of paying the required taxes.
“Moving forward we are going to bring the operators together to comply with their tax obligations,” he said.