Reports BRAZIL - MARKET REPORT
Any changes to gambling policy hinge greatly on Bolsonaro’s future and this in turn also depends on the evangelical caucus. Evangelism has been on the rise for years (a third of Brazilians now identify as evangelicals) and it was Bolsonaro’s ability to tap into this support base which helped him get elected. Evangelical leaders have repeatedly come out against any liberalisation of the market and even warned that Bolsonaro’s support base would crumble if casinos are given the go ahead under his administration.
nationwide vaccination drive and signed into law three new measures designed to speed up the purchase of vaccines.
Naturally Bolsonaro’s response to the pandemic will play a crucial role in the upcoming election. Bolsonaro won the last election in a landslide and was widely tipped to win a second term in office in elections scheduled to take place next year. Understandably now on the back foot and in the centre of a humanitarian crisis, his popularity rating has plummeted.
Not only that but he will in all likelihood be up against a formidable political foe: former president Luiz Inácio Lula da Silva. Lula Da Silva was initially elected in 2002 and re-elected in 2006. Te leftist leader was excluded from the 2018 election because of corruption charges, but he was recently cleared by Brazil’s Supreme Court. Lula Da Silva has yet to say if he will run in 2022, but has already gone on the offensive and attacked Bolsonaro’s handling of the crisis.
Any changes to gambling policy hinge greatly on Bolsonaro’s future and this in turn also depends on the evangelical caucus. Evangelism has been on the rise for years (a third of Brazilians now identify as evangelicals) and it was Bolsonaro’s ability to tap into this support base that helped him get elected. Evangelical leaders have repeatedly come out against any liberalisation of the market and even warned that Bolsonaro’s support base would crumble if casinos are given the go-ahead under his administration.
Despite this, Bolsonaro responded positively to legalising gambling in casinos during a meeting with Deputy Newton Cardoso Jr, President of the Tourism Commission of the Chamber of Deputies in August 2019, arguing that ultimately it should be down to each state to set up its own gambling laws. In addition, Bolsonaro is moving ahead with the privatisation of CAIXA betting products, sports betting licences should be issued soon under his watch and he appears to support the integrated casino resort model.
P68 WIRE / PULSE / INSIGHT / REPORTS THE CURRENT MARKET
Brazilian legislation defines any game involving a bet as a crime according to Article 50 of the Criminal Contravention Act. Under this law, all games of chance are prohibited and considered a criminal offence in Brazil. Lotteries and horse race are the only forms of gambling permitted. However, this is very limited as there are only four racetracks and around 130 horse race
betting shops for a population of 211 million.
Te Brazilian Congress has been opposed to online gambling, but Brazilians have turned to the grey market in droves during lockdown. Estimates vary as to the size of the offshore gambling market, but at least 400 operators are currently targeting the market. Today it is estimated that about 8.7 million Brazilians partake in some form of online gambling.
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