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SPORTSPEL

Brazil – Brazil’s government expects huge windfall from sports betting

By - 6 april 2023

I en intervju med GloboNews Finansminister Fernando Haddad  said that the government expects to raise up to between R$12,000 million ($2,365 million) and R$15,000 million ($ 2,957) per year from online sports betting.

Haddad sa att regeringen nu var i färd med att slutföra texterna som kommer att utgöra den provisoriska åtgärden (MP) tillsammans med andra dokument som kommer att vägleda reglering av sportspel i Brasilien. Haddad tillade att regeringens prognostiserade intäkter hade ökat betydligt från tidigare uppskattningar.

 “It is not fair that an activity that many people do not even agree that exists in Brazil is not taxed, but it is a reality of the virtual world. It went up, and we were working with a maximum figure of 6,000 million reais, but now it is at least double: from 12,000 to 15,000 million reais,” he said.

Earlier this month Haddad confirmed that certain sectors of the economy which have not been taxed before will now be taxed as part of a much broader tax reform aimed to meet with the objectives of President Luiz Inácio Lula da Silva’s budget. Brazil’s new fiscal framework targets a zero primary deficit in 2024, followed by surpluses in subsequent years.

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