Brazil Senate committee approves phased betting tax increases

Brazil’s Senate Economic Affairs Committee approved a bill to raise taxes on fixed-odds betting operators, with the proposal now due for consideration by the Chamber of Deputies unless referred to a Senate plenary vote. The bill would increase the levy on gross gaming revenue from 12% to 15% in 2026 and 2027, then to 18% in 2028; the IBJR said higher taxes could benefit the illegal market.