Brazilian Tourism Commission presents regulatory framework for lotteries, sports betting and casinos
member of Congress and president of the Brazilian Tourism Commission, João Bacelar, and the president of the Brazilian Institute of Legal Gambling (IJL), Magnho José, presented the draft regulatory framework for gambling to the Special Secretariat of the Investment Partnerships Program (PPI) of the Ministry of the Economy. If approved, the project will contribute to the tourism industry.
As the state entity assesses various gambling options, including a proposal to exclusively regulate casino complexes in tourist destinations, experts aim to speed up the process that would bring instant lottery, Lotex, into effect in addition sports betting and other modalities.
The hearing, which took place last week, was attended by the Special Under-Secretary Bruno Westin Prado Soares Leal, the Head of the Special Advice for Investors and New Projects Support Rodrigo Toledo Cabral Cota, and the special advisor Renata Freire Martins.
As pointed out by BNL Data, a local point of sale managed by Magnho José, the Special Secretariat is also coordinating with the Interministerial Committee to attract private investment in the tourism sector in order to develop integrated seaside resorts.
Bacelar stressed that “the creation of the regulatory framework for gambling will benefit not only the government but also Brazilians who will be safer when they go online and in person.”
In addition, he assured that the industry could contribute with 20 billion reais in annual taxes. At the same time, “450,000 jobs could be formalized, generating more than 200,000 direct and 600,000 indirect jobs,” he explained.
“Legalization would also entail investments in the Brazilian market, due to the enormous potential of this activity which currently operates outside the scope of the law. “
Echoing the argument, Magnho José said that “with the legalization of all these currently operational activities, such as jogo do bicho, bingo games, video slots and online games, the country has the potential to move around 74 million reais per year “.
“The estimates do not include casinos, because the revenues received by these establishments depend on the framework and the number of establishments, which will be defined by the National Congress,” he added.
The proposal that creates the regulatory framework for gambling (PL 442/91) is now ready for analysis by the plenary session of the Chamber of Deputies, but despite the great relevance for the country, the measure is still the subject of much discussion .