Legislation
Brazil – Sports betting bill will be amended in the senate
By James - 17 October 2023
Brazil’s sports betting bill will be amended according to rapporteur of the proposal in the senate, Senator Angelo Coronel. The bill will begin its evaluation period in the Senate this week.
According to an article in O Globo, the senator did not reveal what these changes to the proposal would be. The expectation is, however, that the sports betting bill will be put forward for a vote in the Senate by the first week of November. Once approved the bill will then return to the Chamber of Deputies.
“I was appointed rapporteur before the holiday. We should only release it for voting after October 24th. I want to listen to everyone, the companies, and the government, to do something democratic. I’m going to talk to the Ministry of Finance on Tuesday”, said Coronel in an interview with O Globo.
The Committee on Economic Affairs will meet today (October 17) with seven items on the agenda one of which is the sports betting bill. The bill will also be discussed in the Sports Committee (CEsp) on Wednesday (18) at 9:30 am. The project is being examined simultaneously by both the Committee on Economic Affairs (CAE) and the Sports Committee (CEsp).
Last month Brazil’s lower house approved sports betting bill PL 3626/2023. The approved bill covers both sports betting and online casinos. The tax rate will stand at 18 per cent GGR tax on the net revenue of online betting companies.
