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Sports
April 28, 2023
New Proposal in Brazil Calls for 16% Tax for Online Betting
Earlier this month, in Brazil, a proposal called for a 15% tax on sports betting along with BRL30 million BRL30 million ($5.9 million) license fee. Now, local media outlets reported a proposal was pushed forward that calls for a tax rate from 15% to 16%. The new proposal, reportedly backed by Ana Moser, the country’s […]
Business
April 24, 2023
KTO Group and ENV Media Sign Joint Venture Agreement in Brazil
The performance-based media agency working within the iGaming vertical, ENV Media, forged a new deal Monday, in an effort to expand within the growing online gambling sector in Brazil. The new collaboration saw the company join forces with the leading Brazilian online gambling operator, KTO Group. Under the terms of the new joint venture agreement, […]
Casino
April 11, 2023
Pragmatic Play Expands Brazilian Presence with Win Prêmios
Supplier of online casino content Pragmatic Play announced it has signed a new agreement with Win Prêmios to provide content across multiple gaming verticals and elevate its profile in Brazil. Product Offering Key in Contested Markets The multi-vertical content package deal with Win Prêmios will see the integration of Pragmatic Play’s Slots, Live Casino and […]
Sports
April 7, 2023
Brazilian Government Introduces 15% Tax on Online Betting
Brazilian media outlet Poder360 reported that the Brazilian government has recently announced that online betting will now be subject to a 15% tax on Gross Gaming Revenue (GGR), with the license fee set at BRL30 million ($5.9 million). Brazilian Government Anticipates Billions in Revenue with New Measures The next step for Brazil’s Finance Ministry is […]
Sports
April 6, 2023
Brazil’s Soccer League Desires 4% of Sportsbooks’ Revenues
The Confederação Brasileira de Futebol (CBF), Brazil’s soccer confederation, wants additional funding in the form of sports betting taxes. Amid discussions for revolutionizing the gaming system, the body asked to receive a 4% share of licensed operators’ revenues. The CBF said that the proceeds, if granted, would be distributed among its leagues. The confederation’s proposal […]
Sports
March 27, 2023
Athletico Paranaense Inks Esporte da Sorte Shirt Sponsorship
Athletico Paranaense, a football club competing in Brazil’s top-flight men’s league, Campeonato Brasileiro Série A, announced it has signed a shirt sponsorship deal with sports betting operator Esporte da Sorte. Master Shirt Sponsorship The new agreement with Esporte da Sorte will see the logo of one of the fastest-growing sports betting operators in Brazil feature […]
Industry
March 17, 2023
bet365, Flutter, Betsson, Betway Establish Brazil’s IBRJ
Global leaders in sports betting have joined forces to establish a new entity in Brazil, the Brazilian Institute of Responsible Gaming (IBJR), seeking to contribute to the ongoing discussion and development of the gambling market in the Latin American country. ‘Collaborate with All Sectors of Society’ The establishment of the new body focused on responsible […]
Sports
March 9, 2023
Brazil’s New Sports Integrity Body Takes Matters into Its Own Hands
The newly formed non-profit organization pledged to ensure the future integrity of Brazilian sports by uniting all industry members under a single goal. ABRADIE plans to assess the current situation, identify potential issues, propose recommendations and present the government with an action plan. The organization hopes to encourage meaningful reforms, ensuring a safe and secure […]
Sports
March 8, 2023
Brazil to Require Betting Companies to Set up Shop in the Country
The country has recently vowed to ensure that sports betting companies are taxed, something that was supposed to happen under the presidency of Jair Bolsonaro who ultimately failed to sign an important piece of legislation on his way out of office. Sports Companies in Brazil Would Need to Set Headquarters in Brazil Bolsonaro is now […]
Sports
March 2, 2023
Proposal to Tax Sports Betting in Brazil Expected This March
According to Finance Minister Fernando Haddad, the time has come for the country to roll out a fully-fleshed tax on sports gambling which will arrive very soon. The measure is expected to be revealed this month, but no confirmation has been made as to whether the tax itself will come into effect right away or […]