The return of the gambling business in Ukraine has entailed many initiatives that are now being submitted to the Verkhovna Rada. So, one of such projects is Bill No. 3899 of 07/17/2020 "On Amendments to the Budget Code of Ukraine regarding the creation of the State Fund for Support of Medicine, Sports, Education, Culture and Science." Such an initiative is aimed at maintaining social orientation in the country, as well as to comply with EU standards in the gambling sector.
The authors of the project propose the following transformation of the Budget Code of Ukraine:
1. introduction to the Special Fund of the State Budget of Ukraine assets for investment in medicine, sports, education, culture and science;
2. to direct the deductions from the received annual payments for the gambling license, as well as lotteries to the known State Support Fund;
3. half of the payments for licenses to conduct gambling, as well as all payments for licenses for betting shops, should be directed to local budgets (according to the location of the gambling establishment);
4. with the targeted direction of payment, the received funds should be directed to the funds for the development of medicine, sports, education, culture and science.
Such actions fully support the world practice of this business, including the work of this area in European countries. The gaming business in Ukraine, in turn, does not refuse to provide financial assistance to the state and local municipalities. Now market players want to work not only in the legal field, but also to form a socially responsible sector.
The gambling industry in Ukraine is developing. Read about UPEA's 5-Year National Esports Industry Development Strategy on the official gambling portal.
The latest news from the gambling business in Ukraine is already available in the Legalization section at gamingpost.net.