SectorWire
SearchGet the daily briefing
Menu

ANJL warns Brazil betting ban could put BRL 80bn in tax revenue at risk

Regulation

The National Association of Games and Lotteries (ANJL) warned that reversing Brazil’s betting regulation could affect public revenue and encourage illegal betting. It said the change could mean about BRL 80 billion less in tax revenue over five years, citing data presented by the Ministry of Finance.

A regulatory reversal could affect tax receipts and the operating conditions of licensed betting companies in Brazil.

Request a correction

Keep reading

Regulation

ANJL argues Brazil betting ban will shift demand to illegal market

The National Association of Games and Lotteries (ANJL) told a Brazilian Supreme Court public hearing on 3 November that banning fixed-odds betting would not eliminate gambling. ANJL legal consultants said demand had moved to the underground market; a speaker cited a 32% year-on-year fall in betting volume over the latest three months of Ministry of Finance data.

The conclusion was that prohibiting fixed-odds betting in Brazil is not the same as gambling disappearing. The National Association of Games and Lotteries (ANJL) presented it at a public hearing held on Tuesday by the Federal Supreme Court, with Justice Luiz Fux as rapporteur.

Continue reading