Brasilian reporter of Gambling Bill says proposal could generate USD $4.4 billion in revenue
Thursday 04 de July 2024 / 12:00
⏱ 1 min read
(Brasilia).- Senator Irajá Silvestre, the reporter of the Gambling Bill, met with Finance Minister Fernando Haddad on Tuesday to seek the support of the economic team in advancing the bill to a vote.
The regularisation of casinos, gambling and other games of chance could generate around usd 4.4 billion in revenue per year. According to him, the agenda is ready to be voted on and has the support to be approved.
According to Irajá, the time to vote is before the parliamentary recess. To this end, he requested that the proposal be included on the Senate's agenda as early as next week.
"We need to remember that the bingo, gambling and horse racing markets already exist in a clandestine way. So once it's regulated and those companies that already exist or new companies are accredited, authorised - this will be done either by the Ministry of Finance or by a regulatory agency - they'll start collecting taxes overnight. For example, what happened with sports betting, which used to operate informally and is now operating formally in the market."
The Ministry of Tourism and organisations such as the National Trade Confederation have already expressed their support for the bill.
Categoría:Legislation
Tags: Sin tags
País: Brazil
Región: South America
Event
BiS SiGMA South America 2026
06 de April 2026
Viviana David Discusses IGT PlayDigital's LATAM Growth Strategy
(São Paulo, SoloAzar Exclusive).- At BiS SiGMA South America, Viviana David, Head of Commercial LATAM at IGT PlayDigital, shared insights on the company’s vision for Brazil and the wider Latin American market. In this interview, she discusses the opportunities driving IGT’s participation, the business connections forged, and how innovative digital solutions are shaping the future of iGaming across the region.
Monday 18 May 2026 / 12:00
Fast Track Showcases AI-Powered CRM Innovation at BIS Sigma South America 2026
(São Paulo, SoloAzar Exclusive).- At the recent BIS Sigma Edition, Fast Track highlighted how its AI-driven CRM solutions are reshaping operator strategies in Brazil’s newly regulated iGaming market. Muriel Le Senechal, Regional Commercial Manager for LatAm, shared insights on the industry’s shift from acquisition to retention, emphasizing the role of automation, personalization, and real-time engagement in driving sustainable growth.
Tuesday 12 May 2026 / 12:00
Pay4Fun’s Leonardo Baptista on BiS SiGMA South America 2026: Regulation, Market Maturity and Brazil’s Expanding Opportunities
(São Paulo, SoloAzar Exclusive).-In this interview at BiS SiGMA South America 2026, Leonardo Baptista, CEO and co-founder of Pay4Fun, shares insights on the event’s strategic importance for the Latin American gaming industry. He highlights the growing maturity of regulatory discussions, the increasing focus on compliance and sustainability, and the expanding opportunities in Brazil—one of the most promising regulated markets globally.
Thursday 07 May 2026 / 12:00
SUSCRIBIRSE
Para suscribirse a nuestro newsletter, complete sus datos
Reciba todo el contenido más reciente en su correo electrónico varias veces al mes.
