Our country report on Ukraine has been featured in the latest edition of G3 Magazine!
The Ukrainian gambling market has undergone significant changes since its legalization in 2020. With a rapidly evolving regulatory landscape, gambling in Ukraine presents opportunities and challenges for operators. This article provides an overview of gambling regulations in Ukraine, including licensing, taxation, and market specifics.
The Ukrainian gambling market has undergone significant changes since its legalization in 2020. With a rapidly evolving regulatory landscape, gambling in Ukraine presents opportunities and challenges for operators. This article provides an overview of gambling regulations in Ukraine, including licensing, taxation, and market specifics.
Key Insights
Regulated Verticals and Licenses
The gambling market in Ukraine includes online gambling, land-based casinos, slot machines, sports betting, lotteries, and B2B services. Operators must obtain a relevant Ukrainian gambling license to conduct business legally. Available licenses include:
- Online casino license
- Online poker license
- Online sports betting license
- Land-based casino license
- Slot machine hall license
- B2B gambling provider license
Taxation and Fees
Gambling regulations in Ukraine set a tax rate of 18% on Gross Gaming Revenue (GGR) for online casinos, poker, and sports betting, while slot machine halls are taxed at 10%. Player winnings are subject to a 19.5% tax. License fees vary, with online casino operators paying approximately $1.2M annually and sports betting licenses costing around $5.8M per year.
Advertising and Market Restrictions
Since April 2024, gambling advertising has been heavily restricted, with offline ads completely banned and online ads regulated strictly. Recent legal amendments aim to prevent gambling among military personnel and enhance market transparency.
Market Specifics
Despite regulatory shifts, the Ukrainian gambling market offers unique advantages. Unlike many jurisdictions, online sports betting licenses are not tied to land-based operations. Additionally, the B2B sector remains underdeveloped, presenting opportunities for licensed providers. However, upcoming reforms will introduce stricter penalties and higher military taxes.
Explore the full report on Ukraine gambling licenses and market trends on G3 Magazine website here.
