Uzbekistan legalizes online betting and lotteries
The president's decree “On measures to improve the regulation of the organization and conduct of lotteries and risk-based games” has been adopted, Azernews reports, citing Kun.uz news.
According to the decree, from January 1, 2025:
— the organization of risk-based games on the internet and
bookmaking activities will be permitted;
— the activities of organizing lotteries, internet games, and
bookmaking will be conducted based on licenses granted in
accordance with the legislation by the Prospective Projects
National Agency.
Residents and non-residents of Uzbekistan who have reached the age of 18 can participate in a lottery, internet games, and bookmaking bets organized based on licenses.
From January 1, 2025, for a period of 5 years, the following order will be set for taxing the activities of organizing lotteries as well as games on the internet and bookmaking activities:
— legal entities organizing lotteries, risk-based games on the
internet, or bookmaking will be taxed at a rate of 4 percent after
deducting the winnings paid out and the stakes refunded from their
total revenue obtained from these activities;
— incomes of individuals in the form of winnings obtained from
lotteries and internet games conducted based on licenses granted by
the Agency and from bookmaking bets are exempt from income tax.
The monitoring and control functions of compliance with the legislation on combating the legalization of proceeds from criminal activities, financing terrorism, and the financing of the proliferation of weapons of mass destruction by the organizers of lotteries, internet games, and bookmaking activities will be carried out by the Agency and the Department for Combating Economic Crimes under the Prosecutor General's Office.
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