Russia bans electronic instant lotteries
Putin signs law excluding use of online networks and electronic devices
Russian President Vladimir Putin signed into law a bill banning electronic instant lotteries. The document bans not only instant lotteries but also the use of telecommunications networks and technical devices for such operations, which means that lotteries are not allowed even the use of electronic tickets.
The new law also established the size of the prize fund for lotteries: it must be at least 50% but not more than 70% of the proceeds, with the amount of contributions for social activities to be “10% of the difference between the quarterly revenue and the prize fund formed during the reporting quarter.”
An excerpt of the legislative document reads: “In order to exclude the possibility of gambling under the guise of lotteries, the law provides for the following: exclusion of norms allowing for conducting instant lotteries using electronic lottery tickets; imposing a ban on holding instant lotteries using information and telecommunications networks.”
