Online gambling has already generated over USD 550 million for the Federal Government in 2025
Monday 30 de June 2025 / 12:00
2 minutos de lectura
(Brasilia).- According to information from the Federal Revenue Service, online betting taxes jumped 40,000% from January to May compared to the same period in 2024.
Federal revenue from gambling and sports betting reached R$3.03 billion from January to May this year, according to data released on Thursday (26) by the Federal Revenue Service. The figure represents a jump of more than 40,000% compared to the same period in 2024, when only R$7 million were collected.
Just in May, the amount collected was USD 150.7 million, compared to USD 740,000 in the same month last year - an increase of 23,096.8 per cent. The significant advance reflects the implementation of taxation on Gross Gaming Revenue (GGR), the basis used to calculate the taxes owed by bookmakers.
The law that started charging taxes on betting was passed in January 2024, and in October of the same year companies had to apply for operating permits and pay the fees to be considered legalised.
The GGR corresponds to the operators' net revenue, i.e. the total wagered minus the prizes paid out to players. Taxes were levied on this base with the regulation of the fixed-odds betting sector, such as those carried out through digital platforms.
According to the tax office, the gambling sector has surpassed traditional sectors of the economy in terms of revenue. In May, it collected more than activities such as education (USD 95.6 million), machinery and equipment manufacturing (USD 75.6 million) and retail trade (USD 93.9 million).
The Ministry of Finance has announced that the GGR rate on bets will rise from 12% to 18% as of 1st October.
The measure is included in a Provisional Measure with alternatives to the increase in the decree that raised the IOF, and should have a positive impact on tax collection: USD 52.8 million in 2025 and around USD 314.8 million a year from 2026.
Categoría:Online Games
Tags: Sin tags
País: Brazil
Región: South America
Event
GAT Expo CDMX 2025
28 de August 2025
Update on Mexico's Gaming and Raffles Law: Experts discuss its present and future at GAT Expo Mexico 2025
(Mexico City, SoloAzar Exclusive).- At the Expo Santa Fe Convention Center, gaming industry leaders analyzed the challenges and opportunities of the reform to the Gaming and Raffles Law, in a panel moderated by Rosa Ochoa of SCCG Management LATAM.
Tuesday 16 Sep 2025 / 12:00
GAT CDMX 2025: Experts Discussed Innovation in iGaming and Sports Betting in Mexico
(Mexico City, SoloAzar Exclusive).- As part of the GAT CDMX 2025 Institutional Academy, leading industry executives met in Mexico City to analyze the challenges and opportunities presented by innovation in online gaming, iGaming, and sports betting. Artificial intelligence, omnichannel, user experience, and the role of streamers were some of the central topics discussed.
Monday 15 Sep 2025 / 12:00
21Viral Strengthens Industry Ties and LatAm Expansion at GAT Mexico
(Mexico City, SoloAzar Exclusive).- At GAT Expo Mexico, 21Viral made a powerful impression through strategic networking, insightful participation, and a clear vision for growth across Latin America. Luz Serna, Head of Sales LatAm (i Gaming), highlighted the event’s rich academic content and the valuable alliances formed with key operators and stakeholders in the Mexican gaming industry.
Monday 15 Sep 2025 / 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.