We’re excited to share our latest insights into the Ukrainian gambling market, authored by Dmitry Hotsyn, Head of CIS Desk and Senior Consultant at 4H Agency.
The Ukrainian gambling industry has transformed since its 2020 legalization, offering growth potential despite regulatory challenges. The market covers land-based and online gambling, including casinos, betting, and slot machine halls, making it a promising destination for gaming operators.
The Ukrainian gambling industry has transformed since its 2020 legalization, offering growth potential despite regulatory challenges. The market covers land-based and online gambling, including casinos, betting, and slot machine halls, making it a promising destination for gaming operators.
Key Insights
Licensing and Regulations
Ukraine licenses various gambling verticals:
Operators must register in Ukraine, maintain minimum capital (~$730,000), and connect equipment to the State Online Monitoring System. Additional licenses are available for casino tables and betting shops.
- Online Gambling: Includes online casinos and poker.
- Land-Based Casinos: Limited to designated gambling zones.
- Sports Betting: Covers both online and land-based operations.
Operators must register in Ukraine, maintain minimum capital (~$730,000), and connect equipment to the State Online Monitoring System. Additional licenses are available for casino tables and betting shops.
Costs and Taxation
- Online Casino License: ~$1.2M annually.
- Land-Based Casino License: ~$11.6M annually in Kyiv.
- GGR Tax: 18% for most verticals, with an additional 1.5% military fee.
These costs reflect the government's effort to formalize and monetize the industry.
Advertising and Compliance
Gambling advertising is heavily restricted, with bans on offline ads and strict online regulations. Operators must also adhere to AML measures, responsible gambling protocols, and thorough player verification systems.
Market Dynamics
With 27 online casinos, 10 land-based casinos, and 35 B2B suppliers licensed, Ukraine’s market shows rapid growth. The online sector dominates revenues, supported by progressive legislation and a focus on digital transformation.
Discover comprehensive insights into gaming Ukraine regulations and opportunities in our full article here.
Discover comprehensive insights into gaming Ukraine regulations and opportunities in our full article here.
