Ukraine’s Finance Minister Says Legalisation of Gambling can Bring Profit through Taxation

Oksana Markarova, the Finance Minister of Ukraine, has said that the legalisation of gambling in Ukraine can bring an estimated Hr 5-9 billion into state coffers through taxation.

Markarova also said that a gambling law has been submitted to the Verkhovna Rada and that revenues from the legalisation of gambling in Ukraine can be included in the country’s 2020 draft state budget.

“According to our conservative estimates, this is Hr 5-9 billion of the resource, which can be fully mobilized if everything works,” Markarova said.

The new law on gambling was finalised and submitted to the Verkhovna Rada in October 2019. It aims to legalise the gambling business across Ukraine, create and implement an effective state policy in the field of gambling regulation, as well as ensure the protection of the rights and legitimate interests of citizens.