More precisely, it was a grey area – sort of forbidden but with many loopholes. In 2009, during the time of Prime Minister Yuliia Tymoshenko, a law was passed banning all gambling. Until 2020, all gambling – both land-based and online – was outlawed. How the gambling business works in Ukraine We are looking at who and how currently regulates the gambling business in Ukraine and the differences in regulation where the gambling business was legalized earlier.
Overall, Parliament set the revenue budget of UAH 7.4 billion for 2021 from legalizing the gambling business, and that only from licenses. It was obtained by the organizer of an online casino and owner of TM Cosmolot. At the beginning of February, the state budget received the first money from selling a license for organizing and conducting gambling in the amount of UAH 23.4 million. The gambling market has gotten off the ground.
