Home > Finance > Ukraine year-to-date licence fee revenue reaches UAH856.5m

Ukraine year-to-date licence fee revenue reaches UAH856.5m

| By Robert Fletcher
Revenue generated from licence fees in Ukraine during the 10 months through to the end of October amounted to UAH856.5m (£20.6m/€23.4m/$23.2m), according to the Ukrainian Commission for the Regulation of Gambling and Lotteries (Krail).
Ukraine turnover tax

The official figures also showed the amount spent on the regulator from the state budget in the same period reached UAH79.7m, representing 9.3% of its revenue for the 10 months.

Krail also posted statistics for all of 2021, during which revenue stood at UAH1.58bn, with 7.9%, or UAH125.5m, being spent on the regulator.

For the entire 22-month period, stretching from January 2021 to the end of October this year, total receipts from licence fees in the country amounted to UAH2.44bn. This, Krail said, outweighed expenses by 91.6%.

The figures come towards the end of a year that has been incredibly tough for Ukraine, due to the ongoing conflict with Russia that began in February. The gambling industry rallied round Ukraine by launching a series of initiatives to support those impacted.

The Gaming Industry for Ukraine campaign launched in the early days of the conflict with the aim of raising £250,000 for people displaced by the war, with all proceeds being donated to Choose Love’s Ukraine Crisis Fundraiser. To date, the initiative has raised over £261,000.

Parimatch Tech has allocated more than €500,000 to support the people of Ukraine, while the developer, which was founded in the country’s capital of Kyiv, also partnered with British charity organisation WeHelpUkrainians to launch the Ukraine Hospitals Appeal initiative, which aims to raise $1m for those affected by the conflict.

In addition, in March, Parimatch Tech withdrew its Betring LLC franchise from Russia in response to the war. In the same month it cut ties with Russian esports team Team Spirit.

Elsewhere, the corporate foundation of French operator Française des Jeux donated €200,000 to two organisations supporting Ukrainian refugees in France – “Libraries without Borders” and “Together for Human Development”.

Online gambling content provider Pragmatic Play donated £100,000 to the British Red Cross’ Ukraine Crisis Appeal.

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