Brazilian Chamber approves betting revenue allocation in security bill
Brazil’s Chamber of Deputies approved a constitutional amendment on 4 March proposing that revenue from fixed-odds betting and online games fund national security and penitentiary funds. The approved text sets an allocation of 10% from 2026 to 2028, rising to a maximum of 30%, after deducting prizes, income tax on prizes and betting companies’ gross profit. The proposal now goes to the Federal Senate.
The proposal would change how betting proceeds are allocated, affecting operators and the funds that currently receive them.