Senator Renan Calheiros said Brazil’s Senate Economic Affairs Committee is expected to vote on his proposal on 18 November, after the Finance Ministry requested more time for discussions. The bill would raise the contribution on online betting gross revenue from 12% to 24% and increase levies on financial institutions and fintechs.
The proposed increase would change the tax burden on online betting operators in Brazil.
The day’s most important stories, free. One email a day.
Brazil's Senate Economic Affairs Committee is due to vote on 4 November on a bill covering taxes on betting companies and fintechs, reportedly after rapporteur Eduardo Braga submitted a favourable report with two amendments. The proposal would raise the federal share of net fixed-odds betting revenue from 12% to 24%, with the increase to be phased among states and municipalities from 2026 to 2028.
Brazil’s government political liaison team plans to support Senator Renan Calheiros’s bill to raise taxes on betting companies, fintechs and banks, although the text remains under discussion, according to a media report. Calheiros said the Senate Economic Affairs Committee may consider it in the second half of November. The report says the proposal would include a 24% rate for betting companies, but the excerpt ends before giving further details.
It was reported that Belo Horizonte’s council will vote on a bill restricting gambling advertisements. Approval requires at least 21 councillors before the measure goes to the mayor for signature or veto.
A Brazilian congressional committee is due to vote on 30 June on a report proposing that part of fixed-odds betting revenue go to the Federal Police fund. The proposal sets transfers at 1% in 2026, 2% in 2027 and 3% from 2028, and would allow the federal government to transfer up to R$ 200 million in 2026. The measure is already in force but requires approval by the committee and both houses of Congress to become law.
Brazil’s Senate has placed a bill to authorise casinos, bingo, jogo do bicho and horse-racing bets on its plenary agenda for a possible vote on 8 July. The proposal faces opposition and may not be considered before Congress recesses on 17 July; it would permit casinos in specified locations and set limits on their number, alongside rules for bingo and betting machines.