Sports betting: Government announces proposal for regulation and taxation

2023-05-11 20:11:00

The Ministry of Finance released the government’s proposal to regulate sports betting this Thursday (11) – a material that promises to guarantee the safety of bettors, in addition to defining qualified companies and predicting the taxation of games. In this case, the issue will be sent as a provisional measure to Congress, that is, the rules are valid for 120 until approval by senators and deputies.

This MP is also part of the context of an investigation to investigate an illegal betting scheme in national football — the Court of Justice of Goiás has already accepted a complaint once morest 16 accused of manipulating game resultsand seven gamblers and nine gamblers became defendants.

According to the government, only qualified companies will be able to receive bets on official sporting events, organized by federations, leagues and confederations. “Companies that are not qualified will incur illegal practices and will be prohibited from carrying out any type of , including in digital media”, says a note from the Ministry of Finance.

The MP also provides for the creation of a secretariat responsible for analyzing documents for approval or not of the accreditation of betting companies in the country. In addition, companies will be taxed at 16% on the revenue obtained from all games made, discounting the prizes paid to players. The prize received will be taxed at 30% Income Tax, respecting the exemption of BRL 2,112.00.

A The ministry’s expectation is to raise between R$ 12 billion and R$ 15 billion from the taxation of these bets, forwarding the money to areas such as The prize received by the bettor will be taxed 30% of Income Tax, respecting the exemption of BRL 2,112.00.

In April, the Minister of Finance, Fernando Haddad, said that the Federal Revenue expects to raise between R$ 12 billion and R$ 15 billion with the taxation of online gambling.

Finally, the MP establishes that companies must promote informational and preventive actions to raise awareness among gamblers and prevent pathological gambling disorder, to guarantee the mental health of players, preventing the practice from becoming an addiction.

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