Brazilian Chamber committee approves protection for sports and betting revenues
The Chamber of Deputies’ Sports Committee approved a proposal barring the blocking or contingency of funds allocated to the Ministry of Sports from lotteries and sports betting taxes. The amended text now proceeds to the Finance and Taxation Committee and then the Constitution, Justice and Citizenship Committee before further votes in the Chamber and Senate.
If enacted, the measure would protect lottery and sports betting tax revenues allocated to Brazil’s Ministry of Sports from budget restrictions.