IBJR warns higher betting taxes could boost Brazil’s illegal market
The Brazilian Institute for Responsible Gaming (IBJR) warned on 16 October that proposals to raise taxes on regulated betting platforms could strengthen Brazil’s illegal market. It said the proposals could double the current rate and reduce licensed operators’ competitiveness. The association cited estimates that unauthorised platforms handle 41% to 51% of bets and about R$40bn annually.
Higher taxes could weaken licensed operators’ competitiveness against unauthorised betting platforms, according to the IBJR.