Plínio Lemos Jorge highlighted the social and economic benefits that the sports betting and online gaming market will bring to the country once it is regulated.
CGS Recife, which took place last week at the Recife Expo Center, brought together the main names in the sports betting and online gaming market to discuss the current scenario of the industry in Brazil and the expectations for next year, once the regulation of the sector is concluded.
The debate was moderated by Lisandra Branco, CEO of Salis Capital, and included the participation of the president of the Lottery of the State of Rio de Janeiro (Loterj), Hazenclever Lopes.
In July, Loterj had obtained a court decision ordering the blocking of all betting sites that did not have a state license to operate in the state of Rio de Janeiro. Due to technical issues, however, the order ended up blocking the operations of betting sites in other states as well.
The scenario generated great legal uncertainty in the sector, amid the progress of federal regulation. Following an appeal by ANJL, the Federal Regional Court of the 1st Region (TRF-1) reviewed the decision and lifted the blockade. On Thursday last week (29), Loterj announced that it had withdrawn the action.
At the roundtable, Plínio stated that, regardless of any differences in understanding of the legislation, betting houses need to be united around the same goals, including the concern for the image and reputation of the market, which has been constantly criticized by other sectors of the economy.
“We need to show that the industry is not bad. It is a service provider. It will be a sector that, once legalized, will contribute greatly to Brazil, mainly through revenue generation. In the ANJL’s assessment, the research that has been published is a bit hasty, since, in a completely unregulated market, the data has no scientific basis,” explained Plínio.
The benefits through revenue generation to which Plínio refers will come from the 12% contribution on the GGR (Gross Gaming Revenue) and from the taxes that will be collected from betting houses, whose total tax burden in Brazil already exceeds 30%. In addition, betting companies authorized to operate by the Central Bank will have to pay R$30 million for federal authorization, which will need to be renewed every five years.
Launched in March 2023, the National Association of Games and Lotteries defends the interests of its members, the sector and responsible and honest gaming, always guided by the promotion of sports, the security of bets and the contribution to the economic development of the country.
Among its members are galera.bet/PlayTech, Big Brazil, F12, PagBet, BetNacional, Mr. Jack, Parimatch, BetFast, Aposta Ganha, Liderança Capitalização, ZRO Bank, Propane, PAAG, Clear Sale, BetBox tv, StarsPay, WEpayments, 1xBet and PG Soft.
Source: GMB
