10 Nov, 2021
The gambling business fee is a mandatory payment to the municipal budget set in accordance with the political and economic interests of the state. Gambling business fee payers are persons who engage in entrepreneurial activities through lotteries, gambling and winning games, and such activities are subject to permit regulation in accordance with the legislation of Georgia.
The gambling business is quite well developed in Georgia and is an important contributor to the country's economy. Taxes (income, VAT, profit) and taxes paid to the state budget by companies involved in this sector will reach 350 million GEL in 2020. Which is more than 4% of the country's consolidated budget revenues.
In addition, gambling business fee revenue is a significant part of the revenue of many cities and municipalities. For example, in recent years, gambling business fees for 6 large cities in Georgia and Kazbegi municipalities have averaged more than 24% of their own revenues.
Here are detailed statistics on the taxes paid to the budget by the gambling business by years: