The Ukrainian budget received another 117 million from FAVBET


"Favbet" LLC paid another 117 million hryvnias of license payments to the state budget of Ukraine.

"The current situation in the economy requires the consolidation of all Ukrainian businesses, regardless of industry. This involves joint work in the humanitarian sphere, support for the army, and most importantly, filling the budget through transparent activities and timely payment of taxes. As a responsible company and one of the market leaders, this year FAVBET not only makes regular license payments, but also increases the volume of licensing of its activities in order to support the national economy during the war and bring our victory closer," commented FAVBET CLO Mykhailo Prykhodko.

In addition, in October of this year, the company also paid UAH 23.4 million for the extension of another license.

According to the current legislation of Ukraine, money received from the payment of licenses in the field of gambling goes to the state and local budgets, as well as through a special state fund, it is directed to support medicine, culture, education and other socially important areas, which often experience a lack of funding, especially in the conditions war