International edition
July 16, 2018 | Edition Nº3528

There are 13,000 lottery agencies operating in the country, employing around 200,000 people

Brazil's Government proposes privatizing lottery sector

Brazil's Government proposes privatizing lottery sector
Under the new measure, national authorities expect to double tax collection.
Brazil | 04/18/2017

Under the new measure, national authorities expect to double tax collection.

W

ith the new bill, Brazil's Federal Government hopes to attract new investors with experience in the electronic gaming business. Public officials believe that the amount of tax revenue on lotteries can quickly jump from 6,000 million reais to 12,000 million reais.

This figure could help strengthen the National Treasury by bringing more money to state coffers in the future when public accounts are in deficit. However, the bill has raised concern among local lottery agency owners.

The current legislation only allows people to play in physical stores, but the new measure will grant permission to play through smartphones. 

"The best scenario would be for Congress to also approve the legalization of other games, such as 'jogo do bicho', as we could expand the product offering and maintain our customer base," commented Adriana Domingues.

What is your opinion about this article?
  • I like it
    %
    0 votos
  • I don't like it
    %
    0 votos
  • I have not thought about it
    %
    0 votos
Leave your comment
Newsletter Subscription
Subscribe to receive the latest news and updates
Enter a valid email
Thank you for registering to our newsletter.
Follow us on Facebook