Shadow gambling market in Ukraine is estimated at 1 billion USD

According to the Ministry of Finance of Ukraine, major part of the gambling market operates illegally. The Ministry estimates the shadow market in Ukraine at $ 1 billion.

This information was announced by the Minister of Finance Oleksandr Danyliuk, report Ukrainian media.

“The volume of this market is at least one billion dollars. No penny of this amount is paid to the budget. The whole market is in the shadow,” the minister said.

He also called on the Verkhovna Rada (Ukrainian parliament) to approve the gambling bill developed by the Ministry of Finance. At the same time, Deputy Minister Sergey Marchenko confirmed that the issue of two more licenses for lottery activity is expected next year. He also admitted that the number of licenses may be bigger.

It is also worth mentioning that the government included the revenue of 352.4 million UAH from lottery business license payments into the state budget plan for 2018. Lotteries are the only officially licenced gambling activity in Ukraine and operators adapt to the format.

The analytical system YouControl estimates the lottery market in Ukraine at 1 billion UAH. YouControl is an analytical system for business intelligence and check of Ukrainian contractors. The system generates a file for every company in Ukraine based on the open data, monitor changes in the records of public registers and visualizes links between affiliated parties.

YouControl experts compiled TOP-15 companies, whose main activity is registered as gambling, in order to understand which companies are the leaders of the “semi-shadow” market of gambling and lotteries in Ukraine.

The leader of the list with 400-450 million hryvnias per year is “Ukrainian National Lottery”. This company belongs to the offshore “Efamiano Holdings Limited”.
The second place belongs to LLC “MSL” with an income of 350-400 million hryvnias. Among the founders of the company there is also a Cyprus offshore - “Evolot Limited”.
In the third place - LLC Nedles with a revenue of 10-15 million hryvnias. The owner is Vitali Miroshnikov from Kiev.
In the fourth place - PJSC “Patriot” with a revenue of 7.5-8.0 million hryvnias. The founder is Sehriba Investments Limited.
The fifth place of the of the list belongs to the company - LLC “Relax” with a revenue of 1.5-2 million UAH.

Here is a complete top-15 list by YouControl.

Company nameRevenue, UAHRevenue change as to 2016-2015
“Ukrainian National Lottery”400 - 450 million62%
LLC “MSL”350 - 400 million-66%
Nedless Ltd.10 - 15 million3%
PJSC “Patriot”7,5 - 8 million-73%
LLC “Relax”1,5 - 2 million-26%
PE Group Center1 - 1,5 million-10%
Triazhinvestgrup LLC1,0 - 1,5 million49%
LLC “Lottery of good luck”1,0- 1,5 million0%
Bogbill LLC250 - 300 thousand7%
LLC “Tangier”250 - 300 thousand0%
LLC “Vit”250 - 300 thousand124%
PE “Lux”200 - 250 thousand-16%
Ltd “Dream Loto”200 - 250 thousand0%
LLC “Ukrlotostandart”Less than 100 thousand.0%
Vincent Ltd.Less than  100 thousand.414%

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