A new bill in Brazil is proposing reallocating betting tax so 10% goes towards funding Brazil’s health sector, while the contribution to tourism could be slashed.
Law No 14,790/2023, which legalised sports betting and igaming in Brazil, set the tax rate for operators at 12% of gross gaming revenue (GGR), 28% of which would go to the tourism sector.
Of that 28%, 22.4% was expected go to the ministry of tourism while 5.6% would be allocated to the Brazilian Agency for International Tourism Promotion (Embratur).
In contrast, the health sector is currently set to receive just 1% of total tax contributions to deal with the “social damage” many politicians believe stems from betting.
The latest bill PL No 3,793/2024,…