April 25, 2023
Addressing London’s LIDE ‘Brazil Business Leaders’ Conference on 21 April, Senate President Rodrigo Pacheco underscored the fiscal importance of implementing a federal sports betting regime. The legalisation of sports betting was branded as a key component of President Lula da Silva’s ‘revenue strategy’, which aims to raise “potentially over RL100 bn ($18 bn) in 2023”. Pacheco revealed that the Senate …
Read More »April 11, 2023
A draft proposal co-signed by Brazil President Lula da Silva and Finance Minister Fernando Haddad has recommended that a 15% gross gaming revenue (GGR) tax be applied to sports betting activities. News of the proposal submitted to the Attorney General’s National Treasury Office (PGFN) was reported during the Easter break by Brazilian business news source Poder360. As reported, Lula and …
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