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Russian Ministry Proposes the Prohibition of Instant Lotteries on Internet

George Miller
April 23, 2019
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Russian Ministry Proposes the Prohibition of Instant Lotteries on InternetReading Time: 1 minute

 

The Ministry of Finance of Russia has proposed to prohibit the sale of tickets of instant lotteries on the Internet. Currently, Russia only allows state lotteries organised by the Ministry of Finance and the Ministry of sports.

Instant or draw lottery is a lottery in which winning or losing is incorporated in the ticket immediately, but her party will be able to know the result only after a purchase. As follows from the bill of the Ministry of Finance, under the guise of such lotteries in the network is often arranged illegal gambling.

In addition, the Agency proposed to limit the maximum size of the prize Fund of each lottery 70% of its revenue. Also clarifies that targeted deductions from lotteries should go to the Federal budget.


Source: Latest News on European Gaming Media Network
This is a Syndicated News piece. Photo credits or photo sources can be found on the source article: Russian Ministry Proposes the Prohibition of Instant Lotteries on Internet

George Miller

George Miller

George Miller began his career in content marketing before joining the HIPTHER team in 2016 as an Editor and Content Manager. His ability to distill complex regulatory data into newsworthy B2B content led to his appointment as Head of Content in 2017.…

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At the heart of the ever-evolving gaming and technology sectors lies EEGaming.org, a premier B2B platform and the definitive Intelligence Hub for industry leaders. As a flagship publication of HIPTHER, we bridge the gap between regional heritage and global innovation, redefining how the industry connects, informs, and inspires.

Expertise & Evolution – More Than Just News

Reaching a vast network of decision-makers, EEGaming.org goes beyond the headlines to deliver high-stakes intelligence and strategic foresight. From the intricacies of European regulations to the rapid evolution of global tech, we provide comprehensive coverage across the verticals that drive the industry:

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Whether through our daily "Zero Fluff" news, exclusive executive interviews, or in-depth market reports, our content provides the Expertise required to navigate today’s markets and the Evolution needed to lead tomorrow’s.

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Our impact extends far beyond the digital page. EEGaming.org is a proud host of virtual meetups and industry-leading conferences that spark dialogue, foster collaboration, and drive innovation. Through detailed reports and live events, we create a space where operators, suppliers, regulators, and professional services come together to shape the future of gaming.

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