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Brazil finally passes long-awaited legislation

Brazil finally passes long-awaited legislation

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2023’s final session of the Chamber of Deputies saw Brazil’s long-awaited federal sports betting Bill approved and sent for  federal sign-off by President Lula da Silva. 

Following an extensive December review of over 100 amendments, the Senate returned the Bill, with a majority of 261 deputies voting in favour of retaining online games within the legislation. This was officially reported as follows: “The proposal approved by the Chamber re-established the authorisation of betting for virtual online gaming events, the so-called online casinos, which had been removed from the text by the senators.”

The tax levels proposed by the Senate’s Economic Affairs Commission (CAE) were retained, with licensed operators in Brazil’s federal market subject to a 12% tax, and player prizes subject to a 15% tax.

A five-year operating licence, allowing the operation of up to three brands, will cost BRL30m (€5.5m) and a domiciled presence within Brazil must be established, with a Brazilian board member holding at least 20% of its share capital.