IBJR cites illegal betting share and proposed tax rise in Brazil
The Brazilian Institute for Responsible Gaming cited a study estimating that 51% of sports bets in Brazil take place on illegal platforms, with annual tax losses of R$10.8 billion. It also said proposed legislation would raise the tax rate on regulated betting from 12% to 24%; the institute estimated the combined tax burden would reach 45.4%.
The proposed tax increase could change regulated operators’ costs as the study estimates illegal betting remains extensive.