Brazil: Lula da Silva enacts banned provisions in Sports Betting Law
Friday 24 de May 2024 / 12:00
⏱ 2 min read
(Brasilia).- The Official Gazette of the Union (DOU) published on Wednesday 22 the promulgation of the provisions vetoed by the President of the Republic in Law 14.790/2023, which deals with the fixed-odds betting lottery.
By overriding President Luiz Inácio Lula da Silva's vetoes, the National Congress decreed the validity of the provision defining that income tax will be levied on the total betting result of each year, and not on each bet individually.
In addition, income tax on sports betting will be levied annually, only on net winnings exceeding the value of the first tax exemption band.
LAW NO. 14.790 OF 29 DECEMBER 2023
Provides for the lottery modality known as fixed betting; amends Laws No. 5,768, of 20 December 1971, and No. 13,756, of 12 December 2018, and Provisional Measure No. 2,158-35, of 24 August 2001; repeals provisions of Decree-Law No. 204, of 27 February 1967; and enacts other provisions.
THE PRESIDENT OF THE REPUBLIC
I hereby inform you that the National Congress decreed and promulgated, under the terms of section 5 of article 66 of the Federal Constitution, the following vetoed parts of Law no. 14.790, of 29 December 2023:
‘Art. 31
Paragraph 1 For the purposes of the provisions of this article, the positive result obtained in fixed odds bets made each year, after deducting the losses suffered in bets of the same nature, shall be considered a net prize.
Paragraph 2 The tax referred to in the heading of this article shall be levied on net winnings exceeding the value of the first band of the annual progressive table of the IRPF.
Paragraph 3 The tax referred to in the heading of this article shall be calculated annually and paid until the last working day of the month following the calculation.
Brasília, 21 May 2024; 203rd of Independence and 136th of the Republic.
LUIZ INÁCIO LULA DA SILVA
President of the Federative Republic of Brazil
Categoría:Legislation
Tags: Sin tags
País: Brazil
Región: South America
Event
SiGMA North America 2026
01 de September 2026
LatAm Regulators Discussed Illegal Gambling and Innovation at SiGMA North America
(Mexico City, SoloAzar Exclusive).- The panel "The Red Pen Forum: Regulators Respond to the Industry," held during SiGMA North America 2026, brought together representatives from Uruguay, Argentina, Puerto Rico, and Honduras to analyze regulatory challenges, digital transformation, illegal gambling, and the need to adapt lotteries for new generations. The conference was moderated by Rodrigo Cigliutti, Executive Director of CIBELAE (Ibero-American Corporation of State Lotteries and Betting), and featured the participation of Marcelo Visconti, National Director of Lotteries and Quinielas of Uruguay; Carlos Moyano, President of IAFAS Entre Ríos, Argentina; Heidi Hernández Olivo, Deputy Secretary of the Puerto Rico Lottery; and Lissa Mencía, General Director of Lottery Operations and Games at Loto Honduras.
Monday 28 Sep 2026 / 12:00
SiGMA North America Addressed Crisis Management in iGaming
(Mexico, SoloAzar Exclusive).- During SiGMA North America 2026, Rosa Ochoa, founder of the Blue Global Gaming platform and strategic advisor for gaming operators; Iliana María Pineda Echeverri, Chief Legal & Compliance Officer at Wplay.co; Iraid Rosales, Country Manager Mexico at Amusnet; and Elizabeth Maya Cano, Executive President of CORNAZAR, analyzed the key factors in managing crisis situations within the iGaming industry, with a special focus on transparency, communication, technology, and preparation.
Friday 25 Sep 2026 / 12:00
Affiliates and Acquisition: Keys to Regulated Markets in North America
(Mexico City, SoloAzar Exclusive).- During SiGMA North America 2026, Cristopher Guzmán Reyes, Head of Affiliates at Logrand Entertainment Group; Guga Júnior, influencer and slots expert at Scalar Partners; Andrés Gómez, Head of Latin America Go-to-Market Strategy at Admattic; Yambot Aguilera, Gaming and Finance Sales Director at Google; and Paula Gabriel Jiménez, Advertising Client Growth Director for Microsoft at Aleph, analyzed the state and provincial affiliate ecosystem in North America, as well as the acquisition challenges in regulated markets.
Thursday 24 Sep 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.
