Bottom House Brazilian legislature reportedly approved a legislative proposal earlier this week that would set up a tax system for the future terrestrial and online sports betting sector in this giant country, imposing a tariff on gross gaming income.

According to a report by SBC News, a measure sanctioned by the 513-seat Chamber of Deputies would also change the way these projected taxes are allocated to specific public bodies such as the police, game regulators, and educational programs. In this regard, the source has detailed that the regulations, which are currently on the way to a vote against the 81-member Federal Senate, are calling for 0.81% revenues to schools with another 2.42% allocated to the National Public Security Forces.

Special provisions:

The proposal is the congressman's idea Moses Rodrigues and reportedly announced that his measure would furthermore see 1.55% of any tax revenue generated by sports betting going to help "Brazilian sports entities", Which granted operators the right to use"their names, brands, emblems, hymns, symbols and more " in order to "promoting and executing fixed and odd bets ". Member of the Brazilian political party Democratic Movement. 42-year-old legislator from the northern state Ceara allegedly announced that the envisaged regulations are to include a further 96% of this profit goes to the account " to cover the costs and expenses of the state, an entity that will be established to control the gaming and betting sector. '

Specific applications:

Densely populated jurisdiction

Rio de Janeiro The process of introducing new gambling products into its state lottery portfolio reportedly began last month and is currently considering expressions of interest from operators who would be responsible for servicing any newly introduced industries. This course was purportedly designed to attract companies with a solid track record of developing and implementing offline and online sports betting and lottery games.

Sports betting pioneers:

Rio De Janeiro and a large neighboring state Minas Gerais they are reportedly among the first in Brazil to consider expanding their licensed gambling markets by legalizing sports betting. In the former jurisdiction, this process was initiated at the request of the State Deputy Alexandre Knoploch for a lottery license offering a range of entertainment in sports betting.

Apparently read Rodrigues' statement ...

“The goal is to improve the rules on sports betting by changing the tax base to gross gaming revenues . The tax levied on physical and virtual sports betting operations will then be used to pay the bonuses and redirect the money to social security, health and education. '