Uzbekistan’s Historic Shift on Gambling Policy: Legalizes iGaming
Uzbekistan just ended its 17-year ban on gambling. This change might lead to economic growth, but experts are still looking into how big of an impact it could have.
Uzbekistan just ended its 17-year ban on gambling, opening things up for casinos, online games, and sports betting.
Uzbekistan to Legalize and Regulate Gambling After 17-Year Ban
President Shavkat Mirziyoyev has signed a major order that will overhaul Uzbekistan’s stance on gambling. After a 17-year ban on all forms of gambling, the country is set to introduce a new system to regulate lotteries, online games, and sports betting.
This new regime, kicking off in January 2025, will establish a system to oversee and manage internet-based gambling activities and sports betting. The Prospective Projects National Agency (NAPP) is tasked with implementing this regime, which includes monitoring the market and issuing permits for licensed gambling operations.
The new regulations represent a significant shift from the past. Previously, under former President Islam Karimov, all forms of online gambling were banned in 2007. This new regime allows individuals over 18, both residents and visitors, to participate in licensed lotteries, online games, and sports betting.
Also Read: Here is a list of tips and tricks for starting Fallout 76
Uzbekistan Ends Gambling Ban After Years of Consideration
President Mirziyoyev’s move to legalize gambling follows several years of planning. Since 2019, his administration has been working to overturn the 17-year ban. Initial plans for legalizing just sports betting were put on hold in 2021 due to concerns about who would oversee the industry. This led to a broader decree encompassing all forms of gambling.
Interestingly, Uzbek sports clubs have already been allowed to partner with foreign betting companies for sponsorship deals since 2021, reflecting a push to modernize sports in the country. Once the new system starts in 2025, gambling companies will pay a 4% tax on their revenue, but individual players won’t have to pay taxes on their winnings.
Also Read: What are the different types of hands in Poker?
New System Aims to be Safe and Profitable
To prevent illegal activity, the National Agency for Advanced Projects (NAPP) will work with law enforcement to strengthen laws against money laundering. Industry experts are optimistic about this change. They point to Uzbekistan’s young population (over 90% under 60) and high internet usage (72%) as factors that could make gambling a successful industry there.
One expert, Ilya Machavariani, notes that efforts to legalize gambling have been ongoing since 2019. He’s particularly interested in the possibility of online casinos, which the term “risk-based games” might suggest. However, the exact details of the new system, including licensing rules, will be revealed soon. Everyone involved is waiting to see if this will be a positive step for Uzbekistan’s economy and regulations.
