The report said Brazilian government betting receipts exceed operators’ profits
By SectorWire desk · · Updated
Summary
The report said on 8 October that Brazil’s government received more from betting than operators earned in net profits. The outlet disputed finance minister Dario Durigan’s description of R$650m in daily deposits as household losses. Its calculations assumed that 85% to 89% of deposits returned to players.
Why it matters
The calculations distinguish betting deposits from operator earnings and compare government receipts with operators’ net profits.