Brazilian lawmakers consider sports betting as casino games face proposed ban
Congress is considering nearly 100 amendments to a proposed Brazilian ban on betting, including proposals to retain sports betting while excluding online casino games. A market source cited in media reporting estimated casino games generated 70% to 80% of operators’ revenue; the National Association of Games and Lotteries said revenue shares vary between companies and that a change in permitted products would require operational reviews.
Operators and club sponsors face uncertainty over which betting products may remain permitted and how that could affect commercial agreements.