GENERAL INFORMATION
Georgia, country of Transcaucasia located at the eastern end of the Black Sea on the southern flanks of the main crest of the Greater Caucasus Mountains. Te capital is Tbilisi.
3,700,000 people was the estimated population of Georgia in 2022.
US$ 24,700,000,000 was the Gross Domestic Product (GDP) by the end of 2022.
US$ 6,675 was the GDP per capita by the end of 2022.
US$ 665* per month was the average salary in 2023.
*Converted from GEL to USD, valid as of 03.06.2024: 1 USD = 2,79 GEL. CORRUPTION PERCEPTION INDEX
Georgia has index of 53, ranked 49 and shares its position with Cyprus and Grenada.
72.5 % Percentage of Georgians who used the Internet in 2022. WIDESPREAD WAYS OF E-COMMERCE PAYMENTS
Te revenue in Georgia’s eCommerce market amounted to ~ US$ 147,100,000 in 2020. As of June 2022, there were 6.3m debit cards and 0.8m credit cards issued across Georgia’s population.
Te most popular local payments methods are PayPal, UnionPay, Venmo, Paysera, Allied Wallet etc.
MOST POPULAR INTERNET COMMUNICATION
Facebook ranked No.1 and is the most visited social media in Romania in April 2024, followed by Instagram as the runner up, and TikTok ranking at third place as the leaders of the social media networks websites in Romania.
MARKET SIZE
US$ 755,416,550 made up the Gross Gaming Revenue (GGR) in 2021. REGULATED VERTICALS
licenseGeorgia regulates almost all gambling verticals and all licenses that covers them are available for interested operators. Te only exceptions are racing, which is not included in betting vertical, and lottery, which is under monopoly. Terefore, Georgian verticals are inter alia:
• Online gambling • Land-based casinos • Slot machines • Land-based betting • Lotteries AVAILABLE GAMBLING LICENCES • Online casino license • Online sports betting license* • Online slots license • Online lottery license • Land-based casino license • sports betting license (continued overleaf)
TAXES AND FEES PAID UNDER GAMBLING LAWS. HOW THEY ARE CALCULATED Tax Type
Taxable Base
Online gambling licenses (including online casino, sports betting, and slots).
Gambling business fee Tax on cash registers
N/A
on each cash register located outside the facility with land-based licence
Gambling tax
Online sports betting gambling tax
Land-based casino licence
Land-based sports betting licence
Slot club licence Slot club licence Gambling business fee Exempt from gambling tax Exempt from gambling tax and gambling business fee Gambling business fee Exempt from gambling tax
Gambling business fee Exempt from gambling tax
P36 WIRE / PULSE / INSIGHT / REPORTS
on each table from poker club
from ~ US$ 1,430 USD to 5,000
on each slot machine from ~ US$ 715 to 1,430 GGR deposits on each casino table Tax Rate
from ~ US$ 90,000 to 107,000 from ~ US$ 540 USD to 7,150
15% monthly 7% monthly from ~ US$ 7,150 to 14,300
GEORGIA market report
first contact for expansion 4H Agency
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