The Brazilian Senate has reached a pivotal point in the nation’s gambling landscape, approving the basic text of Bill 3626/2023, which outlines the framework for launching sports betting at a national level. Despite this progress, the bill, having undergone significant amendments, has been sent back to the Chamber of Deputies for further consideration.
A significant development in Brazil’s gambling sector! The Senate approves key sports betting legislation, but with crucial amendments, necessitating another review by the Chamber of Deputies.
After experiencing several delays, the approval of this bill marks a critical step towards establishing a regulated sports betting market in Brazil. However, the Senate’s decision to exclude online casino gambling from the bill, a move led by Liberal senator Carlos Portinho, reflects ongoing debates and adjustments in the country’s approach to gambling regulation.
This legislative journey aims to balance the diverse interests and concerns within Brazil’s gambling industry, ensuring a robust and fair framework for sports betting. The Senate’s amendments and decisions, including the rejection of a ban on gambling advertising for sports teams and arenas and the exclusion of physical betting machines, highlight the complexities involved in shaping this evolving market.
Stay tuned for further updates as the Chamber of Deputies revisits the bill. The next steps will be crucial in determining the final form of sports betting legislation in Brazil, potentially including the contentious topic of online casino gambling.
In terms of taxation, the Senate has decided to maintain the rates suggested by the Senate Economic Affairs Commission (CAE), setting a 12 percent tax rate on sports betting operators and a 15 percent tax on player prizes. These rates are notably lower than the 18 percent and 30 percent rates initially proposed by the Ministry of Finance, with the CAE advocating for lower taxes to attract consumers and businesses to the new regulated federal sports betting market.
The Chamber of Deputies now faces a critical decision: to propose the inclusion of online casino gambling in the bill or to approve the text as amended by the Senate. This legislative process is not just about legalizing sports betting; it’s about shaping the future of Brazil’s broader gaming market, balancing regulatory concerns with industry growth and consumer protection.
SOFTSWISS Jackpot Aggregator Sees 2.6x Surge in Bets: 2023 Report
In a dynamic year for the iGaming industry, the SOFTSWISS Jackpot Aggregator has released its 2023 report, offering insights into significant trends and achievements.
Notably, the report reveals a staggering 2.6 times increase in bets participating in jackpots, shedding light on the growing appeal of these mechanics among operators and players alike.
A Year of Remarkable Growth
Throughout 2023, bets participating in jackpots experienced consistent quarterly growth, witnessing a remarkable 165% increase from January to December. By the end of the year, the total value of these bets had surged to an impressive 6.396 billion euros. Moreover, the number of jackpot campaigns witnessed a substantial growth of 3.8 times compared to the previous year, totaling 230 campaigns.
Expanding Reach and Impact
One of the standout achievements of 2023 was the expansion of the Jackpot Aggregator’s footprint. The number of brands utilizing its jackpot solution tripled within the year, culminating in over 70 active brands by year-end. This surge in adoption reflects a heightened level of market trust and interest in the product.
Introducing the Prime Jackpot Campaign
A significant milestone of 2023 was the introduction of the Prime Jackpot campaign, which debuted in Q4. This innovative feature garnered considerable attention and interest from players across various casinos. The Prime Jackpot campaign allows operators to participate in shared prize pools, ensuring that rewards are drawn from the collective pool rather than from a specific brand operator. This approach not only offers larger rewards to attract more players but also enhances player engagement and loyalty while optimizing operational costs for operators.
Insights from SOFTSWISS
Aliaksei Douhin, Head of SOFTSWISS Jackpot Aggregator, shared his insights into the year’s achievements. He emphasized the noticeable increase in clients and connected casino brands, as well as the growing volume and value of bets in jackpots. He expressed satisfaction in witnessing clients actively embracing the Jackpot Aggregator and recognizing the added value it brings to their brand operations. The solution empowers operators to provide players with enhanced gaming experiences and more enticing winnings. Client feedback is actively collected and analyzed to ensure clients have access to the most sought-after tools and mechanics.
Looking Ahead to 2024
In 2024, the SOFTSWISS Jackpot Aggregator is set to extend its reach to a wider spectrum of clients. This expansion will be guided by a customized approach, ensuring that each client can tailor the product’s capabilities to meet their specific requirements.
Meet SOFTSWISS at ICE London
The SOFTSWISS Jackpot Aggregator team will be present at ICE London from February 6th to 8th, 2024. They are ready to showcase their latest advancements and engage in discussions with existing and potential clients.
SOFTSWISS is a renowned international iGaming company that offers certified software solutions for managing gambling operations. With a dedicated team of over 2000 employees spread across Malta, Poland, and Georgia, SOFTSWISS holds multiple gaming licenses and provides comprehensive iGaming software solutions. Their diverse product portfolio includes the Online Casino Platform, the Game Aggregator featuring thousands of casino games, the Affilka affiliate platform, the Sportsbook software, and the Jackpot Aggregator. In 2013, SOFTSWISS made history by introducing the world’s first Bitcoin-optimized online casino solution.
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