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Analysis

Gambling in Ukraine Thrives Amidst War: Boosts Revenue to National Budget, analysis by UGC

Wednesday 05 de March 2025 / 12:00

2 minutos de lectura

(Kyev).- The Ukranian Gambling Council analyzes the gambling sector in the midst of the war. "While many sectors of the economy have faced significant disruptions, the gambling industry in Ukraine not only continues to function but also shows signs of growth," it says. It remarks that this sector has successfully adjusted to the new conditions and remains a vital source of revenue for the state budget, aiding in the funding of essential social programs and supporting the Armed Forces of Ukraine. Read more in this article.

Gambling in Ukraine Thrives Amidst War: Boosts Revenue to National Budget, analysis by UGC

Gambling sector set a new record in Ukraine

In the first months of 2025, the gambling business set a new record for state budget revenues. According to the State Tax Service, tax payments from legal gambling business organisers totalled UAH 735.63 million, which is 74.2% more than in the same period of 2024. This proves that legal gambling not only survived and withstood the difficult conditions, but also managed to find ways for growth and development.

Increase in tax payments

Such a significant increase in tax payments also shows that legal gambling businesses continue to adapt to new regulatory requirements, trying to be transparent not only for players but also for government control bodies. Since legalisation, despite all the challenges, including the war, legal gambling companies have managed to turn the gambling industry into a regulated sector of the economy.

Paying taxes in such volumes is a sign of business integrity and its readiness to support the country in difficult times. At the same time, in addition to financial revenues to the budget, the gambling business is also actively involved in supporting the Armed Forces. Funds from charity events and various initiatives of legal organisers are used to purchase equipment and help the military. Thus, legal gambling is becoming not just a commercial area, but also an important partner in restoring national security.

Gambling sector: Resilience and ability to grow

However, the efforts of legal organisers to fill the state budget are not without problems. While they are working and paying taxes responsibly, illegal gambling is flourishing, represented, in particular, by lottery operators , who do the exact opposite - they work without licences, do not pay taxes, and imitate gambling without appropriate permits.

Amidst all these changes, the gambling business in Ukraine has demonstrated resilience and the ability to grow, becoming an important element of the economy. The transformation of this industry in the face of severe challenges shows that even in the most difficult times, it is possible to find opportunities for growth.

Message for regulators

It is also important that regulators understand this, as their task is to create favourable conditions for business development and support it in difficult times, especially if the business wants to operate and grow. Not only does the further development of the industry depend on favourable regulatory conditions, but also the billions of taxes and licence fees that go to the state budget every month and fund, among other things, the needs of the army.

Categoría:Analysis

Tags: Sin tags

País: Ukraine

Región: EMEA

Event

GAT EXPO CARTAGENA 2025

28 de April 2025

Payphone and its First Experience at GAT Expo Cartagena: Expansion and Connections Key to the Future

(Cartagena, Exclusivo SoloAzar).- Paola Murillo, Business Development Manager at Payphone, talked with SoloAzar about the company experience at GAT Expo Cartagena. The company aims to interact with regulatory authorities to drive its expansion in Latin America and the Caribbean. How does the firm plan to have more presence in these strategic markets? Read more in the following Q&A.

Friday 09 May 2025 / 12:00

21Viral Elevates Its Presence at GAT Expo Cartagena: Innovation, Networking & Business Expansion

(Cartagena, SoloAzar Exclusive).- In a Q&A with SoloAzar, Luz Beatriz Jaramillo Serna, 21Viral Sales Manager Latam, emphasizes the importance of regulatory interactions and networking for business growth. Discover the key takeaways from this exclusive interview!

Friday 09 May 2025 / 12:00

GAT Expo Cartagena 2025 reaffirms its leadership in the gaming sector in Latin America

(Cartagena, SoloAzar Exclusive).- With record attendance, strategic alliances, and a high-level academic agenda, GAT Expo Cartagena is driving innovation and industry growth in the region. In conversation with SoloAzar, CEO José Aníbal Aguirre discusses the highlights and upcoming GAT events in Latin America for the rest of the year.

Thursday 08 May 2025 / 12:00

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