Brazil legalizes online sports betting

Brazil legalizes online sports betting

By site_editor

December 13 2018: Yogonet and other media announce that the President of Brazil Michel Temer will pass Bill MP 846/2018 today. The regulation will bring about income redistribution from federal lotteries and legalize online sports betting.

It should be noted that the bill observes a two-year term for the Ministry of Finance to regulate the conditions needed for the exploitation of online sports betting through licenses, and estimates that the annual collection reaches USD 255M for Public Safety, USD 161M for Sports and USD 113M for Culture.

For several analysts, the approval of this law represents a great victory for the sector and a possible first step for the regulation of all types of games of chance. Currently, two projects are waiting to be analyzed by Congress; although the new authorities headed by the elect president Jair Bolsonaro do not seem to be particularly predisposed to a wider opening of the game in the country.

 

Company Details

International Association of Gaming Regulators
7881 W Charleston Blvd, Suite 155
Las Vegas, NV 89117
USA

Fax: +001 (636) 277-6665

Email Contact

Twitter Feed

RT @GamRegGB: We're hiring! Our busy Communications team is recruiting for a Head of Media Relations & External Communications. Find out mo…
IAGR_ORG (7 hours ago)
We're about two weeks out from our speaker submission deadline for #IAGR2019 in Montego Bay, Jamaica. Have your say… https://t.co/COzUSpmWnI
IAGR_ORG (7 hours ago)
Happy New Year all! Just a reminder we're calling for speakers at #IAGR2019 @ Montego Bay, Jamaica. If you're passi… https://t.co/m8RkVwitmj
IAGR_ORG (2 weeks ago)
Have your say on gaming regulation at #IAGR2019. This is a reminder we're calling for speakers for our 2019 Annual… https://t.co/3jTtTFeibH
IAGR_ORG (4 weeks ago)
@adamas333_com Hi Adamas - IAGR regulates gaming in the context of betting and wagering. If you have a concern abou… https://t.co/IfrQvCLAak
IAGR_ORG (4 weeks ago)