Ukraine legalises all forms of gambling
July 15, 2020
Gambling has become one of the most significant sources of entertainment, both online and offline.
Whether you visit a land-based casino or choose to indulge in online gameplay, the industry has become a hub of entertainment.
The year 2020 will be recorded in history as it marks the year that the Ukraine brought big change relating to gambling.
Legal Gambling in Ukraine
Earlier this week the Ukraine legislature, Verkhovna Rada, passed a bill to regulate both land-based and online gambling in the country. The bill was passed after a 248 to 95 vote in favour of the bill after the second reading.
Bill 2285-D was introduced by Oleg Marusyak and one of six alternatives to the reforms submitted by the Servant of the People Party in October 2019. While it failed to pass the first reading in December, it managed to pass in another vote that took place in January 2020. This was after amendments were made, including raising the legal gambling age to 21.
With the bill in place, online gambling, bookmaking and land-based casinos will all become legal. The only restriction on land-based casinos being that they should be located in hotels.
What’s Set to Come?
According to the new version of the bill, license fees for online gambling were set at UAH30.7 million (£906,000/€1.0 million/$1.1 million). This amount will be paid on new licenses as well as upon license renewals every 5 years. Bookmakers have a license fee of UAH70.8 million and casinos located in hotels located in the capital of Kyiv have a flat fee of UAH121.6 million. Casinos in hotels everywhere else have a fee of UAH70.8 million.
The bill also requires that all operators and slot machine suppliers are not to be controlled by residents of an occupying state or aggressor state in relation to the Ukraine. According to sources, this bill stipulation is referring to Russian business owners.
With the new bill, casinos will be able to advertise their services online or via third-party marketing. The Rada is still expected to pass another act which will determine the taxation of the industry. At the current time, five different gambling tax bills are being considered.
When a tax bill is chosen, it will need to be signed by President Volodymir Zelensky. It’s a new dawn in the Ukraine with big changes happening since gambling was first banned in 2009.
Soon players can look forward to enjoying legal online casinos, land-based gambling and sports betting options in Ukraine.