The pandemic-provoked measures to isolate people around the world have also affected Ukraine. With the introduction of quarantine, more users began to pay attention to entertainment opportunities in Internet services. Law No. 768-IX, adopted in summer 2020, made it possible to launch the legalization of the gambling industry in Ukraine. The slipping of bureaucratic mechanisms did not give an opportunity to start the gambling industry in the past year.
Potential investors expect serious proposals from the Ukrainian state structures in the field of organizing a legal gambling business in 2021. Admirers of gambling expect that slot machines in stationary and virtual casinos will start operating, forming tax flows to fill the state budget. Players will be able to learn more about slot machines after Parimatch legalization Ukraine gives such an opportunity.
Legislative provisions
The new law stipulates the necessary set of measures to legalize the gambling industry in Ukraine. It provides for the possibility of opening stationary casinos and gambling halls, as well as organizing the operation of online casinos, in which it will be possible to play online roulette in a casino for real money.
Experts predict that the adoption of important changes set out in the bill №4351, and other standards will allow the gambling industry of Ukraine to start working. This area will help to fill budgets of different levels with real tax revenues. The creation of stationary and internet casinos, where you can play online roulette for real money, will create stable sources of tax deductions.
In the adopted state budget of Ukraine for 2021, it is planned that the treasury will receive about 7.4 billion UAH from the sale of gambling licenses to operators alone. It is planned to transfer 3.2 billion UAH to local budgetary bodies that will be interested in creating gambling establishments on their territory.
Promising directions in the gambling business
Due to the influence of the pandemic, many gamblers now prefer to play in virtual casinos. So there can be lots of benefits of the legalization:
- First, gambling points will become an additional source of funding for the state budget. It is planned that budget incomes will arise to about 1 billion hryvnias every year.
- Secondly, the bill assumes that the production and certification of gaming equipment will be localized in the country. This will help create new jobs.
- And thirdly, there is a demand for gambling in Ukraine not only from players, but also from foreign investors. They will attract additional capital to the country.
Market participants hope that the Ukrainian authorities will be able to define transparent operating rules for all gambling structures, and create the necessary conditions for the normal functioning of the legal gambling business in the country.
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