Connect with us


Brazil is close to regulating sports betting



The Brazilian government has introduced a Provisional Measure for sports betting, which brings an end to a two-decade-long waiting period for the country.

Brazilian President Luiz Inácio Lula da Silva approved the adoption of the Provisional Measure (PM), which was also signed by the Ministries of Finance, Planning, Management, Health, Tourism, and Sports.

After being signed by President Lula, the PM will be published by the Brazilian government and will remain in effect for a maximum of 60 days initially. It may be extended for another 60 days.

What do the measures entail

Licensed operators will be required to pay a 16% tax on their gross gaming revenue (GGR), with portions of this revenue allocated to public health initiatives and anti-match-fixing efforts.


The National Fund for Public Security will receive 2.5% of the total revenue, while 1.6% will go towards supporting sports clubs, 10% towards social security, 1% towards the Ministry of Sports, and 0.8% towards education initiatives.

Winning players will be subject to a 30% income tax, with a maximum cap of R$2,112 (£344/€395/$429).

The Ministry of Finance will regulate sports betting in Brazil and will be responsible for advertising and imposing fines for violations. Individuals under the age of 18, those affiliated with sports organizations (including athletes), and bookmaker employees are prohibited from placing bets.

The Special Secretariat of the Federal Revenue of Brazil of the Ministry of Finance will support the Ministry in determining whether operators meet the requirements for a license.


Although a law was enacted in 2018 to regulate sports betting in Brazil, it was not advanced under former President Jair Bolsonaro. Hugo Baungartner recently shared his predictions on what a regulated market in Brazil might look like on iGB’s World Series of Politics podcast.

Jerome, a valuable addition to the Gamingo.News team, brings with him extensive journalistic experience in the iGaming sector. His interest in the industry was sparked during his college years when he participated in local poker tournaments, eventually leading to his exposure to the burgeoning world of online poker and casino rooms. Jerome now utilizes his accumulated knowledge to fuel his passion for journalism, providing the team with the latest online scoops.

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *


Gamingo.News stands as a premier digital destination dedicated to delivering top-tier news and insights in the gaming and gambling industry. This specialized media outlet garners the attention of over 120,000 readers each month, providing them with engaging content, current news, and in-depth analyses.
The platform offers extensive coverage of various facets of the gaming world, including both online and brick-and-mortar gaming, wagering, esports, updates on regulations and compliance, as well as technological innovations. Regular content includes daily news stories, press releases, unique interviews, and comprehensive reports on events.
Moreover, Gamingo.News organizes webinars pertinent to the industry and offers detailed reports, establishing itself as a comprehensive information source for those interested in learning about gaming market operators, suppliers, regulators, and professional services. The portal's main objective is to keep its large audience informed about the latest news, trends, and developments in the gaming and gambling sectors. It focuses particularly on the European igaming market but also covers significant global news, proving to be an invaluable tool for gaming professionals, operators, and enthusiasts.

For inquiries, reach out at:

For editorial or PR submissions, contact:

Copyright © 2024 Gamingo.News.