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government placed sports betting under the supervision of the Sports Ministry in 1991 which was granted permission to grant licences and oversee the industry. Today there are around 1,800 sports betting shops nationwide. Te number of sports betting shops has remained largely unchanged for over ten years due to government policy put in place in 2016 which banned the opening of any more sports betting shops until 2021.


Meanwhile lawmakers in other jurisdictions are drafting new laws which will usher in major expansions of the sports betting market. Crucially after years of failed initiatives to get any kind of pro sports betting bill off the ground Brazil is now moving forward with bill 846/18 that will allow for both online and land based sports betting as well. Te bill found overwhelming support and was passed through both chambers in record time. Te new government, which will came into power on January 1, is firmly behind the new distribution of


lottery funds and the new act.


Te bill deals mainly with how lottery funds are distributed giving more priority to National Security. A much larger proportion of resources operated by Brazil’s largest state owned bank and lottery operator –the Caixa Econômica Federal (CAIXA) will be earmarked for public security while the bill seeks to raise additional income for the government by green lighting sports betting and gives the Ministry of Finance initially just two years to get sports betting up and running. However this can be extended for another two years.


Sports betting and online gaming is covered in only the most generalised terms however in Chapter V of the new bill - Betting on Fixed Odds. Indeed not much is known when it comes to the specifics only that in land based sports betting establishments a minimum of 80 per cent will need to be awarded back to the player while this will stand at 89 per cent


P136 NEWSWIRE / INTERACTIVE / MARKET DATA


Brazil is now moving forward with bill 846/18. The bill deals mainly with how lottery funds are distributed giving more priority to National Security. A much larger proportion of resources operated by Brazil’s largest state owned bank and lottery operator –the Caixa Econômica Federal (CAIXA) will be earmarked for public security while the bill seeks to raise additional income for the government by green lighting sports betting and gives the Ministry of Finance initially just two years to get sports betting up and running. However this can be extended for another two years.


for online betting. Horse racing laws covered by article 14 of the new law remain basically unchanged but when it comes to land based sports betting the regulation will allow for the collection of taxes and an inspection fee. However many questions remain unanswered regarding the deadlines for regulation, how sports betting will be regulated and exactly how licences will be awarded under the next administration.


All the same, the government is making progress on the issue. In May Pedro Trengrouse a lawyer specializing in sports law and Vice President of the Special Law Commission of Sport, Lotteries and Entertainment for the Brazilian Bar Association (OAB) said that for now the Ministry of Economy is focused mainly on other more pressing matters such as social welfare reform. However he told Sputnik Brazil that sports betting legislation is already quite advanced and said that “the Ministry is still aiming for the


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