In 2023, legal gambling companies received 53 billion hryvnias of revenue and 6.9 billion hryvnias of net profit. In fact, despite the big numbers, everything looks completely different in practice.
This is described in the Finance.ua article How online casinos work and why it is a problem for Ukraine.
It notes that, firstly, legal gambling establishments are trying to minimise taxes, and, secondly, the number of illegal casinos in Ukraine is simply off the charts. Read more
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