Gambling Business Tax Payments Disclosed by Gettmantsev This Year
Rewritten Article:
Hey there! Let's chat about the recent buzz on Telegram, spearheaded by Daniel Getmanets, the bigwig in the parliamentary financial committee.
The lion's share of the earnings comes from corporate income tax (around 71.3%) and personal income tax (approximately 28.2%).
This fiscal year, corporate income tax has surged a whopping 4.6 billion, compared to the same period last year – a massive leap!
The MP also stated that in the month of May, the whole gambling market collectively paid a hefty 1.8 billion in taxes. That's nearly double the amount paid in May the previous year! Out of that staggering amount, 1.3 billion was corporate income tax – a substantial increase of 0.9 billion from 2023.
Written by Alina Shvets, you can find more insightful articles on sporting.net:
Getmanets discussed potential relaxations in advertising and sponsorship restrictions in the debatable gambling bill.
The Office of the Prosecutor General shared updates on their crackdown on illegal gambling activities.
An expert observed that the legitimate gambling market has expanded substantially, from a mere 5% to an impressive 40-50%!
Now, while we don't have exact figures on the growth in corporate and personal income tax from gambling this year compared to the last, we can deduce a few trends:
- General Revenue Increase:
- Across participating regions, the commercial sports betting industry saw a considerable boost in revenue, with a 39.8% growth in February 2025 compared to the year before[1].
- The online gambling market is on an upward trajectory, forecasted to grow at a steady pace of 10.44% from 2025 to 2030[3].
- Tax Structure:
- Generally, sportsbooks are taxed based on their revenue, with variable tax rates depending on the jurisdiction[2].
- State-Specific Examples:
- In New Jersey, total gaming revenue exhibited a minimal 2.5% growth year-to-date through March 2025, compared to the prior year[5].
- Arkansas witnessed an increase in tax collections from sports betting in 2025, despite some fluctuating monthly performances[2].
Keep in mind that the increase in gambling revenue often leads to increased tax revenue for governments, but specific data on corporate versus personal income taxes linked directly to gambling can be scarce in industry reports. Moreover, tax rates and revenue collections vary significantly by jurisdiction[4]. The gambling industry is undergoing a boom, fueled by legalized sports betting and improved digital platforms – a trend that's likely to persist and impact tax revenues accordingly.
[1] Source: https://us.betting.bet/revenues/[2] Source: https://www.nj.gov/oag/ge/sp[3] Source: https://www.statista.com/market-report/26222863/online-gambling-worldwide-market-report/[4] Source: https://www.statista.com/topics/1191/gambling-laws/#context_id=59666[5] Source: https://www.nj.gov/oag/ge/gehome.html
- The surge in corporate income tax this fiscal year, totaling 4.6 billion, could be attributed to the growth in the gambling industry, as discussed by Daniel Getmanets.
- The gambling market's substantial expansion, from 5% to 40-50%, could lead to a corresponding increase in tax revenue for the government, especially considering the majority of earnings come from corporate income tax.
- The debatable gambling bill, as noted by Getmanets, may loosen advertising and sponsorship restrictions, potentially impacting both tax revenue and the overall gambling market.
- In the forecast for the online gambling market, a steady growth of 10.44% is expected from 2025 to 2030, which could have implications for finance and business sectors, including the casino-and-gambling industry.
- Gambling trends show a boom in the industry, fueled by legalized sports betting and improved digital platforms, and this trend could significantly impact tax revenues in the coming years.
