Posted on: September 23, 2022, 08:13h.
Last updated on: September 23, 2022, 08:13h.
A legislative initiative to bring more lottery products to Brazil has found success. The country is still debating the merits of sports betting and online casinos, but everyone welcomes lotteries, including President Jair Bolsonaro.
At the end of August, Deputies approved a bill that proposed the creation of two lotteries with specific targets. The Health and Tourism lotteries would generate funds for their respective fields as states across the country try to compete.
This past Wednesday, both lotteries officially became part of the gambling landscape. Bolsonaro signed off on the legislation, transforming them into national law.
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Bill PL 1561/2020, now “Ordinary Law 14455/2022,” updates lottery laws that have been on the books since 2018. It opened the door to the creation of the two new lottery products in order to create new sources of income for tourism and health. In addition, it aims to finance initiatives to mitigate the effects of the COVID-19 pandemic.
Each of the new lotteries will allocate 5% of their proceeds to their respective causes. The Brazilian Tourist Board (Embratur, for its Portuguese acronym) will be in charge of making sure it gets the funds.
It will also be responsible for funneling the money to programs that will have the most impact on national and regional tourism. One of these is the Brazilian Agency for the International Promotion of Tourism.
For the health lottery, the National Health Fund will be in charge. Any unclaimed prizes will go to the…