Online casino Cosmolot: World experience in legalizing gambling
Cosmolot: Legal gambling. Experience of countries where gambling is licensed
The gambling industry operates legally in 127 countries. Together with the Cosmolot online casino, we will figure out whether gambling can really benefit the state.
Since 2020, business related to gambling has been legalized in Ukraine. Now the activities of all land-based casinos, online casinos and bookmakers are taxed and regulated by the state. In many countries, this practice has existed for many years, and we suggest looking at their examples to understand: can gambling bring real benefits?
Cosmolot: what are the benefits of legalizing online casinos?
If anyone still has doubts that the legalization of gaming halls and online casinos is useful, then they are completely in vain. And that's why:
- An entire business segment is emerging from the shadows and beginning to replenish the budget through taxes and license payments. The Cosmolot online casino became the first in Ukraine to receive a license and begin paying money to the state budget.
- There is a legislative framework that regulates the operation of casinos and protects the interests of players. The Cosmolot online casino, having received a license, undertakes obligations to protect user data, organize fair play, and timely payments.
- Only legal business can implement the principles of responsible gaming. Cosmolot, like other licensed online casinos, are interested in long-term relationships with players; they do not aim for short-term profit, which means they ensure the safety of users, including from the risk of gambling addiction.
- The legalization of one sector of the economy begins to stimulate the global system. Land-based and online casinos not only create products and jobs themselves, but also rent real estate, purchase equipment, and attract specialists in finance, law, and advertising. Gambling has the potential to become a booster for a number of economic segments.
Cosmolot: World experience of legal gambling
The gambling industry has long been legalized by a number of countries, both Western and Eastern. What benefit did you get from this?
Online casinos in the USA
The first association that always arises with gambling is Las Vegas. This is a real Mecca for gambling lovers, whose profit is about 14 billion dollars a year. Also, Vegas casinos provide 160 thousand jobs, and the average salary in this area is about 47 thousand dollars a year. It is worth saying that gambling is not allowed throughout the United States - such laws are adopted at the state level.
Physical casinos operate legally in only a few states, but gambling in one form or another (including online casinos) is allowed in 48. Gambling brings significant profits to the state (through taxes and stimulation of tourism), so the authorities always strive to support this industry.
Online casinos in the UK
Gambling in Britain is a long-standing tradition, and the annual profit from this area is about 14 billion pounds a year. At the same time, two-thirds of the entire industry’s profit comes from online casinos – this segment is much more popular than gaming halls.
The UK also sets a good example in terms of organization responsible games: playing with credit funds is completely prohibited here.
Online casinos in Macau
Although gambling is prohibited throughout China, casinos are completely legal in semi-autonomous Macau. Today this city is called nothing less than “Monte Carlo of the East,” and Macau has the status of a real gambling capital in all of Asia. About 70% of Macau's population works in this industry. Profits from gambling annually amount to up to $38 billion, providing 80% of the local budget.
Online casinos in Georgia
Positive examples of legalization can be found in countries close to us. The Georgian authorities consider gambling as a driver of tourism, as well as an opportunity to attract investment. In addition, land-based and online casinos create a large number of jobs, which is especially important for unemployment-stricken Georgia
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