Uzbekistan Market Report
Te decree was ineffective in most parts. Uzbek
gamblers merely travelled over to Kazakhstan whilst others went underground or used online gambling sites offered by offshore companies. Estimates suggest Uzbeks spend between
$350m to $1bn annually on offshore online gaming with a player spending on average around $1,000 a year. Te issue of legalising betting has been on the
table for many years. With a population of around 37 million and an estimated 20.8 million work- ing-age population, the potential for a gambling market is significant. It is said that, after religious considerations, age, and gender divides, there is a large untapped market of around seven million potential players. Te minimum wage in Uzbekistan is around
UZS1.15m per month and the average nominal wage in Uzbekistan last year was around UZS6m (approximately $500), whilst the country is one of the most sports-oriented countries in the region, particularly for football. Tere has been an increased demand from the
Uzbekistan population to access online gambling websites, whilst there has been an increase in the number of foreign operators in the country. Back in 2019, the President signed a decree to
legalise betting shops, which was retracted three years later. Ten, in 2023, the President called for the development of a regulatory framework for betting and handed over the reins to prepare the paperwork to various government bodies, including the National Capital Markets Agency, Ministry of Finance, Ministry of Sports and the National Agency of Perspective Projects. Finally, a new decree (
No.PF68) was signed in April 2024 on ‘New measures to improve the
160
Te issue of legalising betting has been on the table for many years. With a population of around 37 million and an estimated 20.8 million working-age population, the potential for a gambling market is significant. It is said that, after religious considerations, age, and gender divides, there is a large untapped market of around seven million potential players.
regulation of the organisation and conduct of lot- teries and gambling.’ Tis basically legalised the operation of lotteries, betting, and online risk games, effective from January 1 2025. Te draft regulation regarding lottery operations
is still in the process of development and approval (as of Dec 2025). Te main aim of the decree was to “introduce
advanced foreign experience and modern tech- nologies in regulating activities in the organisation of risk games and lotteries, to further increase the investment appeal, tourism prospects of the country, and attract additional funds.” It has been estimated that tax revenues from a
legalised online sector could bring an additional $6m annually for the state. Operators – online casinos, online betting or
traditional and electronic lotteries – are required to obtain a five-year licence, which is issued by the National Agency of Perspective Projects (NAPP), which has been appointed as the state regulator that decides on the licensing procedure for betting and online gambling operators. Te NAPP is a state organisation responsible
for developing and regulating sectors like Crypto- assets, capital markets, insurance, and e-commerce. It was set up in 2017, and in April last year, the President expanded the powers of the NAPP as
Page 1 |
Page 2 |
Page 3 |
Page 4 |
Page 5 |
Page 6 |
Page 7 |
Page 8 |
Page 9 |
Page 10 |
Page 11 |
Page 12 |
Page 13 |
Page 14 |
Page 15 |
Page 16 |
Page 17 |
Page 18 |
Page 19 |
Page 20 |
Page 21 |
Page 22 |
Page 23 |
Page 24 |
Page 25 |
Page 26 |
Page 27 |
Page 28 |
Page 29 |
Page 30 |
Page 31 |
Page 32 |
Page 33 |
Page 34 |
Page 35 |
Page 36 |
Page 37 |
Page 38 |
Page 39 |
Page 40 |
Page 41 |
Page 42 |
Page 43 |
Page 44 |
Page 45 |
Page 46 |
Page 47 |
Page 48 |
Page 49 |
Page 50 |
Page 51 |
Page 52 |
Page 53 |
Page 54 |
Page 55 |
Page 56 |
Page 57 |
Page 58 |
Page 59 |
Page 60 |
Page 61 |
Page 62 |
Page 63 |
Page 64 |
Page 65 |
Page 66 |
Page 67 |
Page 68 |
Page 69 |
Page 70 |
Page 71 |
Page 72 |
Page 73 |
Page 74 |
Page 75 |
Page 76 |
Page 77 |
Page 78 |
Page 79 |
Page 80 |
Page 81 |
Page 82 |
Page 83 |
Page 84 |
Page 85 |
Page 86 |
Page 87 |
Page 88 |
Page 89 |
Page 90 |
Page 91 |
Page 92 |
Page 93 |
Page 94 |
Page 95 |
Page 96 |
Page 97 |
Page 98 |
Page 99 |
Page 100 |
Page 101 |
Page 102 |
Page 103 |
Page 104 |
Page 105 |
Page 106 |
Page 107 |
Page 108 |
Page 109 |
Page 110 |
Page 111 |
Page 112 |
Page 113 |
Page 114 |
Page 115 |
Page 116 |
Page 117 |
Page 118 |
Page 119 |
Page 120 |
Page 121 |
Page 122 |
Page 123 |
Page 124 |
Page 125 |
Page 126 |
Page 127 |
Page 128 |
Page 129 |
Page 130 |
Page 131 |
Page 132 |
Page 133 |
Page 134 |
Page 135 |
Page 136 |
Page 137 |
Page 138 |
Page 139 |
Page 140 |
Page 141 |
Page 142 |
Page 143 |
Page 144 |
Page 145 |
Page 146 |
Page 147 |
Page 148 |
Page 149 |
Page 150 |
Page 151 |
Page 152 |
Page 153 |
Page 154 |
Page 155 |
Page 156 |
Page 157 |
Page 158 |
Page 159 |
Page 160 |
Page 161 |
Page 162 |
Page 163 |
Page 164 |
Page 165 |
Page 166 |
Page 167 |
Page 168 |
Page 169 |
Page 170 |
Page 171 |
Page 172 |
Page 173 |
Page 174 |
Page 175 |
Page 176 |
Page 177 |
Page 178 |
Page 179 |
Page 180 |
Page 181 |
Page 182
