Increase in Gambling Taxes Disclosed by Gettmantsev
In the rhythm of the digital world, Daniil Getmantsev, the head of the parliamentary financial committee, recently dropped some hot stats in his Telegram channel. According to his numbers, July showed a significant surge in revenues – a whopping 3.5 times more than last year, totaling 1.4 billion UAH.
This uptrend seems to be the result of the ongoing demonetization wave, which appears to be gathering steam thanks to all you folks working hard and maintaining that integrity, says the deputy.
However, Getmantsev didn't hold back his criticism for the regulator, KRAIL – the Commission for Regulation of Gambling and Lotteries in Ukraine. The lack of launch for the online monitoring system is, well, nothing new from this seemingly helpless powerhouse, Getmantsev pointed out.
In related news, the gambling sector in Ukraine is experiencing its fair share of legal shake-ups. Efforts like the ban on gambling advertising in most media except during late-night hours or on operator platforms, and the implementation of restrictions on online advertising targeting users over 21, using age-verification technology, are part of the new regulatory updates effective April 2025. These rule changes signal more changes on the horizon, but the specifics of KRAIL's online monitoring system challenges are yet to be seen.
Keep it locked right here for more updates on the rollercoaster ride that is the Ukrainian financial scene!
Author: Alina Shvets
Psst! Looking for more on the gambling front? Check out this scoop on the office of the Prosecutor General's fight against illegal gambling, and how the "white" gambling market has grown from a measly 5% to a substantial 40-50% - wild, right?
In 2023, theAsync monitoring of the gambling industry in Ukraine, particularly the casino-and-gambling sector, will be crucial due to the increasing financial revenues from gambling activities. Such revenues amounted to a significant 1.4 billion UAH in July 2022, representing a 3.5 times increase over the previous year.
However, concerns have been raised about the Commission for Regulation of Gambling and Lotteries in Ukraine (KRAIL), with Getmantsev, the head of the parliamentary financial committee, criticizing the delay in launching an online monitoring system.
The gambling sector in Ukraine is undergoing legal changes, such as the ban on gambling advertising during most hours and the implementation of online age-verification technology for advertisements. Yet, the specific challenges posed by KRAIL's online monitoring system remain uncertain.
In a related development, the Prosecutor General's office is actively fighting against illegal gambling, and the "white" gambling market has grown substantially, from just 5% to 40-50%. Keep an eye out for more updates on this dynamic scene!
