Ukrainian online gambling market is estimated at 300 million euros

The amount of gambling online market in Ukraine is estimated at 300 million euros. Such information is contained in the review of the online edition Casino News Daily, dedicated to the current state of affairs in the Ukrainian gambling industry. The publication says that a third of all income from online gambling in the country falls on the rates in virtual gambling establishments, which are officially banned. Another 200 million euros are spent by Ukrainians on-line annually on sports betting.

According to the publication, the state budget of Ukraine could receive a comparable profit in case of legalization of land gambling institutions and online casinos in the country. The potential volume of the gambling entertainment market is $ 1.5 billion, of which $ 300 million would have been allocated to the treasury.

The active work of representatives of the industry and public organizations on the legalization of gambling in Ukraine has been ongoing since 2015, when a draft law on the construction of a casino and the recognition of gambling on the Internet was drafted. The bill was rejected, after which it was planned to develop new conditions and submit them for discussion in 2018. Currently, such a document is not on the agenda of the Verkhovna Rada of Ukraine. Experts suggest that a change in legislation in this area may occur in the country not earlier than 2019.

In turn, the work of bookmakers is legalized in Ukraine, and betting sites, according to statistics, are among the most visited Internet resources. Feature of the Ukrainian bookmaker market is that users make small bets, but at the same time regularly resort to the services of bookmakers. There is also some progress in legislation affecting other areas of the gambling industry.

August 16, 2018 Minister of Youth and Sports of Ukraine Igor Zhdanov signed an order to legalize the country's sports poker, which was entered in the Register of Recognized Sports. Until 2010, poker was already on the list of official sports. After the ban on hosting tournaments and cash games, Ukrainian online poker operators moved their servers under the jurisdiction of other states and continued to work in the "gray" sector of the economy.

The official recognition of the sphere of gambling in Ukraine for obtaining additional income in the state budget is one of the obligations that the government of the country has undertaken in the framework of the financial assistance provided by Ukraine to the International Monetary Fund.


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