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According to the amendments proposed by the country’s Finance Ministry, the lower age limit for gamblers is increasing to 25 years of age.
Georgian citizens receiving state social assistance, public servants and individuals on black lists will be prohibited from gambling (both online and in brick and mortar casinos).
PM said that online gambling businesses will see a 65-70% increase in taxes which will ensure they contribute the same amount of money to the state budget as earlier.
Gambling ads on TV, on Georgian webpages, as well as outdoors will be banned. Only sponsorship agreements will be allowed.
The government has plans to offer stricter regulations for registration of online gamblers, as well as depositing money on their accounts.
Financial operations will be made only for registered users, while money transfers between gamblers will be restricted.
Restrictions will be imposed on Georgian gamblers who will decide to play in foreign online casinos.
Tax providers will be obliged not to make transfers to foreign gambling business accounts.
The Ministry of Finance has already drafted the bill which will be present in parliament in the near future.
It should be noted that the regulations concern only Georgian citizens.
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One US dollar trades at GEL 2.8834
24/01/2025