The Ministry of Finance is moving to have the taxation of online casinos returned to the bill in the Chamber of Deputies.
Furthermore, the rapporteur in the Chamber, Adolfo Viana (PSDB-BA), has already indicated that he will replace the casinos in his final opinion to be voted on in the House today.
Online casino games were barred from the project voted last week in the Senate, leaving only fixed-odd sports betting.
According to technicians from the department, if the proposal once again encompasses all types of online betting, revenue could reach R$12 billion.
While the dehydrated version of the regulation approved by the Senate tends to yield around R$4 billion.
According to an article in O Globo, the casinos were excluded after resistance from opposing senators
For the project to advance in the Senate, the government reached an agreement with the opposition and facilitated the approval of a highlight that barred these games.
It is worth noting that the rapporteur in the House, Angelo Coronel (PSD-BA), had included all the modalities in the text, with a tax of 12% on companies’ revenue and 15% on the winner’s prize.
Advisor to the Ministry of Finance highlights the importance of relocating casinos in the bill
The special advisor to the executive secretariat of the Ministry of Finance, Francisco Manssur, emphasized the need to include online casinos in the regulations.
“We ended up realizing that the lack of regulation ended up generating a series of abuses and frauds,” said Manssur.
“The best thing is to regulate so that the State can monitor and prevent it. Otherwise, the tendency will be to repeat the cases we are seeing today, which are the result of non-regulation since 2018”, he added.
More than 130 companies have already expressed interest in authorization for betting in Brazil
On October 27, the Ministry of Finance published Normative Ordinance MF nº 1330/2023. The measure granted a period of 30 days for companies interested in requesting authorization for fixed-odds betting in Brazil to present a prior, non-binding expression of interest, accompanied by documents.
During this period, 134 companies presented a prior expression of interest.
According to Manssur, this substantial number of orders “represents the result of constant dialogue between the Ministry of Finance and all segments of this market. To build safe and reliable regulation for everyone involved.”
Companies that submitted a prior expression of interest will have priority in authorization requests, as soon as the deadline for receiving applications and grant payments opens.
