FAVBET Pays UAH 4.37 Billion in Taxes in First Half of 2025

In the first half of 2025, the FAVBET Group paid UAH 4.37 billion in taxes to Ukraine’s state budget, marking a significant increase from the UAH 3.08 billion contributed during the same period in 2024. This more than 40% year-over-year growth underscores the company's steadily increasing fiscal contribution to the national economy.

For the full year of 2024, FAVBET’s total tax payments amounted to UAH 6.75 billion.

“We are seeing how the gambling industry is evolving — responsible gaming standards are improving, marketing strategies are becoming more sophisticated, and there is active communication with international companies,” reads the company’s statement. “Timely, full, and unconditional payment of taxes is a fundamental and non-negotiable principle of our business operations.”

Despite this progress, the company also noted a broader market trend of declining deposit volumes, signaling overall contraction within the gambling sector.

FAVBET Group emphasizes that it operates transparently and in full compliance with Ukrainian legislation, and is prepared to cooperate fully with regulatory authorities upon request.

“All of our tax obligations are fulfilled on time and in full, as confirmed by official records and reports from tax authorities,” the company said in a statement. “We are open to any audits and view recent accusations as an attempt at unjustified pressure.”

Since the beginning of Russia’s full-scale invasion of Ukraine, FAVBET Group has provided over UAH 730 million in support to the Ukrainian Armed Forces and other defense units.

The company also remains actively engaged in corporate social responsibility initiatives. Since 2023, FAVBET has served as the general partner of a comprehensive national program aimed at introducing social services for individuals at risk of gambling addiction.

In 2024, the project led to the adoption of Ukraine’s official standard for the socio-psychological rehabilitation of individuals with gambling addiction and the launch of a specialized treatment center.

In 2025, FAVBET supported a new international exchange program for Ukrainian experts in responsible gaming and addiction prevention, initiated by the Responsible Gaming Center (RGC).

“The development of the gambling market must go hand in hand with stronger player protection standards, both from operators and the state. This is the global best practice, and it’s the approach we aim to institutionalize in Ukraine,” the company said.