Economics and statistics
The revenue base is formed from license fees, taxes and operating margins of online casinos/bookmakers and land casinos operating in hotels of the required category.
The online segment is structurally dominant (mobile channels, non-cash payments in hryvnia), offline gives a smaller but stable share due to tables and EGM.
Operators' costs are significant in terms of compliance: 21 + identification, KYC/AML, connection to state monitoring, responsible design and data protection.
Martial law reduces tourist flow and adds organizational costs, but the legal market retains revenues due to the sewerage of demand from the "gray" zone.
The ecosystem creates employment in the IT, compliance, support and hotel sectors; volatility is smoothed out by licenses, transparent reporting and tougher measures against illegal sites.