MAR 26 DE NOVIEMBRE DE 2024 - 01:44hs.
On Tuesday (21)

Senate expected to vote on sports betting bill this week

The Senate is expected to vote this week on bill 3,626, which regulates the operation and taxation of sports betting houses in Brazil. The Lula government removed the constitutional urgency of the Bill under Rodrigo Pacheco's commitment to put the text to a vote in the House plenary this Tuesday (21), after it passes through the Economic Affairs Committee with a report from senator Angelo Coronel.

Coronel, told news outlet Radar that he is in constant dialogue with the Lula government and with Arthur Lira and the deputy responsible for the text in the Chamber, Adolfo Viana, to prevent his opinion from undergoing drastic changes in the other House or being subject to a presidential veto.

The senator also said that, in his report, there will be no ban on advertising bets on signs in stadiums – a prohibition approved by the Senate Sports Committee. A possible novelty is the separation of a percentage of revenue from betting houses to be used to encourage sports in states and municipalities.

The calibration of taxation on bettors' winnings is another point to which the senator declared that he is dedicating study and consideration. “If you tax players’ winnings in Income Tax, you will throw them to the illegal market. If you do that, I don’t see how you can block the border on the internet so Brazilian players can’t go and play in the United States or elsewhere,” he said.

In Coronel's opinion, adjustments will need to be made in the future, as bets are licensed and the sector grows. “No one can predict how much the revenue will be. It's time to do something, approve it, bring companies from all over the world here and leave Brazilian players here. I’m talking to Arthur (Lira) and Adolfo (Viana) to write a rounded text,” he stated.

The regulation of online sports betting is one of Minister Fernando Haddad's (Finance) priorities to increase revenue and try to maintain the goal of zeroing the primary deficit next year.

Source: Veja