ARMENIA Trends and Developments Contributed by: Roustam Badasyan, Artur Manukyan, Marianna Grigoryan and Davit Baklachyan, Badasyan Consulting LLC
Reporting obligations are strict The duty system based on volume of bets creates strong incentives for accurate and transparent report- ing. Underreporting could trigger both financial penal-
• greater integration of AML and transparency requirements in line with international standards; and • a balancing act between sustaining fiscal revenue, discouraging excessive gaming, and maintain- ing Armenia’s attractiveness for legitimate gaming activity organisers. Conclusion Armenia’s gaming taxation regime has evolved from a patchwork of exemptions and fixed fees into a struc- tured, income-based system with increasing empha- sis on transparency and accountability. For players, this means that winnings are now consistently taxed, with a focus on large winnings. For gaming activity organisers, state duties and corporate taxation have become more burdensome, particularly in the online sector. Nevertheless, the reforms bring a degree of predict- ability and alignment with international practices that may ultimately strengthen the market’s appeal to compliant organisers. Clients seeking to engage in Armenia’s gaming sector should anticipate a challeng- ing yet structured fiscal environment, where success depends on careful compliance, transparent report- ing, and a readiness to adapt to ongoing reforms.
ties and risk to licensing status. Market opportunities remain
Despite rising costs, Armenia continues to host a sig- nificant gaming sector, particularly in online platforms. The predictable and structured fiscal framework may appeal to international investors who prioritise regula-
tory stability. Turnover Tax
In March 2025, a legislative proposal was introduced to implement a comprehensive 10% turnover tax on Armenia’s gambling sector. The proposed law aimed to impose a 10% levy on the revenue generated from all forms of gambling, including casinos, online gam- ing, sports betting, lotteries, and totalisators. Although the National Assembly approved the proposal during its first reading, it was later withdrawn from consid- eration during the second reading. This withdrawal occurred after revisions were made to the package of draft laws in response to various submitted proposals. Outlook Looking ahead, further reforms in Armenia’s gaming taxation framework are likely. Given the government’s fiscal priorities and Armenia’s gradual harmonisation with European standards, the following developments can be anticipated:
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