MAR 26 DE NOVIEMBRE DE 2024 - 05:25hs.
Urgency in voting

Sports betting bill should reduce taxation to 12% or 14% and already locks the agenda

The bill that regulates sports betting in Brazil does not yet have its report, but Adolfo Viana admitted to reviewing the initially proposed taxation. The rapporteur has listened to some leaders in the Chamber and there is a consensus that 18% is high. The percentage can be between 12% and 14%. As the bill has an urgency regime, the Chamber will not be able to vote on any other bill until it is discussed.

The vote on the bill that regulates sports betting in Brazil should take place this week to clear the agenda, as it was presented on an urgent basis. The rapporteur of the text, deputy Adolfo Viana (PSDB-BA) has been discussing the project with party leaders and should include in his report the tax proposals, both for bettors and betting houses.

In conversations with parliamentarians, the deputy already admits to reviewing the taxation on operators, initially set at 18% on the GGR. Something between 12% and 14% is already agreed upon so that such a high charge of 18% does not keep companies away from the formal market.

The rapporteur's difficulty is the evangelical bench, which is against any type of gaming and is not willing to accept the reduction in taxation, as it is aware that the project will pass anyway.

Deputies aligned with the president of the Chamber Arthur Lira (PP-AL) are on standby following their leader, who intends for the project to also include online gaming.

Lira has already stated that this vertical represents a large part of the revenue of betting sites, and that if it is also included it will guarantee greater revenue from the government, even if taxation is reduced.

Source: GMB / CNN