The collection of a variable concession fee of 5% on gross revenue from betting alone jumped more than 2,800% when comparing this year to 2023.
The data is from Loterj, the state agency that controls lotteries and gambling, responsible for accrediting betting in Rio. Betting houses have been authorized in Rio since June of last year, after the publication of an edict in April.
According to state rules, accredited betting companies must pay federal fees and taxes to the Union on a monthly basis, pay a fixed fee of R$5 million (US$ 900,000) when signing the accreditation agreement, and then pay a 5% fee on gross revenue from bets.
Rio has 11 accredited companies
The most recent Loterj report indicates 11 accredited companies. Of these, eight have already paid the fixed fee, the agency reported. With this item, the state treasury has collected R$41.2 million (US$ 7.55m) since last year.
With the 5% fee, revenue in 2024 is R$11.3 million (US$ 2.1m), according to the most recent data from Loterj. Last year, revenue from the fee was R$385,000 (US$ 70,600).
According to Loterj's report, these are the betting sites authorized to operate in Rio:
- VaideBet
- Betvip
- Pixpet
- Pixhora
- BestBet
- LotoLegal
- MarjoSports
- Apostau.com
- Rio Jogos
- Caesar Sports
- Ganhabet
Some of these brands are not on the list of betting sites authorized to operate by the Ministry of Finance, published last week.
Source: O Globo
