Senator Irajá says Brazil gambling bill could raise R$20bn
Senator Irajá, rapporteur for Brazil’s gambling bill, says the proposal could generate about R$20 billion in tax revenue from casinos, bingo and jogo do bicho. He said the bill would allocate licensing decisions to the Finance Ministry and establish a sector regulator; he expects lawmakers to consider it before the July recess.
The projected tax revenue and licensing framework could affect operators seeking to enter Brazil’s proposed casino, bingo and jogo do bicho markets.