Sports
April 7, 2023
Brazilian Government Introduces 15% Tax on Online Betting
Brazilian media outlet Poder360 reported that the Brazilian government has recently announced that online betting will now be subject to a 15% tax on Gross Gaming Revenue (GGR), with the license fee set at BRL30 million ($5.9 million). Brazilian Government Anticipates Billions in Revenue with New Measures The next step for Brazil’s Finance Ministry is […]
Sports
April 6, 2023
Brazil’s Soccer League Desires 4% of Sportsbooks’ Revenues
The Confederação Brasileira de Futebol (CBF), Brazil’s soccer confederation, wants additional funding in the form of sports betting taxes. Amid discussions for revolutionizing the gaming system, the body asked to receive a 4% share of licensed operators’ revenues. The CBF said that the proceeds, if granted, would be distributed among its leagues. The confederation’s proposal […]
Sports
March 27, 2023
Athletico Paranaense Inks Esporte da Sorte Shirt Sponsorship
Athletico Paranaense, a football club competing in Brazil’s top-flight men’s league, Campeonato Brasileiro Série A, announced it has signed a shirt sponsorship deal with sports betting operator Esporte da Sorte. Master Shirt Sponsorship The new agreement with Esporte da Sorte will see the logo of one of the fastest-growing sports betting operators in Brazil feature […]
Industry
March 17, 2023
bet365, Flutter, Betsson, Betway Establish Brazil’s IBRJ
Global leaders in sports betting have joined forces to establish a new entity in Brazil, the Brazilian Institute of Responsible Gaming (IBJR), seeking to contribute to the ongoing discussion and development of the gambling market in the Latin American country. ‘Collaborate with All Sectors of Society’ The establishment of the new body focused on responsible […]
Sports
March 9, 2023
Brazil’s New Sports Integrity Body Takes Matters into Its Own Hands
The newly formed non-profit organization pledged to ensure the future integrity of Brazilian sports by uniting all industry members under a single goal. ABRADIE plans to assess the current situation, identify potential issues, propose recommendations and present the government with an action plan. The organization hopes to encourage meaningful reforms, ensuring a safe and secure […]
Sports
March 8, 2023
Brazil to Require Betting Companies to Set up Shop in the Country
The country has recently vowed to ensure that sports betting companies are taxed, something that was supposed to happen under the presidency of Jair Bolsonaro who ultimately failed to sign an important piece of legislation on his way out of office. Sports Companies in Brazil Would Need to Set Headquarters in Brazil Bolsonaro is now […]
Sports
March 2, 2023
Proposal to Tax Sports Betting in Brazil Expected This March
According to Finance Minister Fernando Haddad, the time has come for the country to roll out a fully-fleshed tax on sports gambling which will arrive very soon. The measure is expected to be revealed this month, but no confirmation has been made as to whether the tax itself will come into effect right away or […]
Lottery
February 28, 2023
NeoGames Entered Brazil, Launched with Intralot do Brasil
Provider of iLottery technology and services NeoGames S.A. announced its lottery and sports betting solution is now available for Loteria Mineira, the official lottery of Brazil’s second-largest state, Minas Gerais. Debuting in Brazil LotoMinas, launched in partnership with Intralot do Brasil, known as Saga Business Games Intelligence, marked the first launch of the end-to-end technology-driven […]
Lottery
February 10, 2023
PlayLottoGlobal Targets Brazil and Mexico with Imminent Launch
The lottery will be going online on March 1 in both Brazil and Mexico, seeking to rapidly consolidate its presence in the region and reach the millions of lottery fans in both countries respectively. PlayLottoGlobal Pursues Global Expansion in First Quarter The company is aiming to be present in more than 180 countries by the […]
Business
January 31, 2023
Pragmatic Play Continues Brazilian Push via Jacare.bet Deal
The latest collaboration further boosts the company’s presence in the country and expands the reach of its leading content. Thanks to the deal with Pragmatic Play, Jacare.bet’s customers gain access to popular games provided by the leading game developer. Such titles include live casino, virtual sports and slot products, delivering engaging experiences for online customers […]
