In Brazil, sports betting was legalized and regulated at the end of 2018, initially to be operated by the public lottery system, but this plan was never implemented. Now, the government has included the sports betting system, within the companies and services to be privatized, as part of its actions to boost the country's economy.
Thus, Martha Seillier, special secretary of the Investment Partnership Program (PPI) of the Ministry of Economy, expressed that the government is taking the necessary actions to accelerate the privatization process, attract both domestic and foreign investors and thereby highlight the state from acting in an area with a high degree of innovation, and improve the business environment and generate jobs.
According to a publication by the EFE Agency, the regulation of sports betting in Brazil responds to the fact that the government discovered that it was losing an important source for the collection of taxes that could be injected into the economy. This, especially considering that it is a service offered legally by many websites established outside of Brazil, but based on the results of sports events in this country.
For sports betting, Brazil could be failing to earn about $ 1.2 billion. Since, according to the 2018 norm, the income would be distributed as follows: 80% payment of prizes, 2% for soccer sports entities, 2.5% for investments in public safety, 1% for educational entities and the remaining for maintenance and tax payment.
More details
18+ | Juegoseguro.es – Jugarbien.es
