area of 1,500sq.m housing up to 400 video bingo games. Slots would not be permitted.
l
Bingo would be permitted in each of the 5,570 municipalities and cities could host one bingo hall for every 150,000 inhabitants allowed and 25-year licences. In Sao Paulo that could equate to 80 bingo halls and some 32,000 video bingo games.
l
Bingo would also be permitted at racetracks and football stadiums with a capacity of over 15,000.
l
For Jogo do Bicho companies must have a minimum share capital of R$10m with 25- year licences. Licensee records must be computerised with the possibility for real- time access. Tere must be only one operator of the game per 700,000 inhabitants.
l
Te proposal suggests two new taxes -one of which will be a proposed tax of 17 per cent on GGR whilst players would be subject to a winnings tax of 20 per cent on anything over R$10,000 daily.
Felipe Carreras, Socialist Party member has been actively pushing the law. He has been a member of the Chamber of Deputies since 2015 and was previously Secretary of Tourism and Sports in both Recife and Pernambuco.
He claims illegal gambling in Brazil generates more than R$27bn (US$5.2bn) annually which is 60 per cent more than the R$17bn of
Felipe Carreras has been a member of the Chamber of Deputies since 2015 and was previously Secretary of Tourism and Sports in both Recife and Pernambuco. He claims illegal gambling in Brazil generates more than R$27bn (US$5.2bn) annually which is 60 per cent more than the R$17bn of revenues generated by official games like the national lottery.
revenues generated by official games like the national lottery.
l
Te bill is still awaiting analysis by the Senate, but it seems although legislators are willing to support the casino initiative, they want to wait to see how the regulated sports betting market plays out before making a move. It is thought that casino bill would double tourist figures in Brazil within five years.
In January Federal Deputy Vermelho spoke to President of the Senate Rodrigo Pacheco to expedite the vote on PL442/91 saying the measure could generate tax revenues of over R$20bn per year.
STATISTICS l
Te revenue for the online gambling market in Brazil is expected to reach US$1.97bn this year divided between US$1.11bn for online casinos; US$0.25bn (online lottery) and
US$0.60bn (sports betting).
statista.com
Te online gambling market is then projected to grow at an annual rate of 16.5 per cent from 2024-2028 reaching US$3.63bn in revenues by 2028 and US$5bn in five years.
l
Te unregulated gambling market in Brazil is worth around US$7bn a year (2022) up from US$5bn (2020).
l
Some eight per cent of Brazilians bet on sports daily and 31 per cent a few times a week.
l
Te average age of a Brazilian sports bettor is 34 years old and 76 per cent are male. Most popular sport is football, followed by basketball, MMA, tennis and horse racing.
l
An estimated 74 million play sports betting; 46 million lottery or bingo and 23 million online casinos.
WIRE / PULSE / INSIGHT / REPORTS P87
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