The sporting world is attentive to political movements. In focus is the bill related to betting. According to information, the Sports Commission is analyzing this project. The Economic Affairs Committee also discusses the agenda.
After approval by both committees, the proposal will be considered in the House Plenary.
This project has generated expectations, mainly due to the economic and sporting implications. Legalizing betting could bring significant financial benefits. Furthermore, part of the funds may be allocated to the Federal Police and the Ministry of Health.
Sports betting project details
The Chamber of Deputies approved the project that regulates sports betting through a fixed quota. The approved text is a substitute for the rapporteur, deputy Adolfo Viana (PSDB-BA).
Instead of 10% of the revenue going to social security, the sector will receive 2%. Other recipients of the resources will be education (1.82%), sport (6.63%) and tourism (5%).
To remunerate clubs and athletes for the use of their names, brands and other symbols, betting companies must pay them compensation within 6.63%. Thus, they will receive 1.13 percentage points of this total according to a regulation.
Other Implications of the Project
The project determines that the lottery operating agent adopts procedures to verify the validity of the players’ identities. Another obligation of the operating agent will be to adopt security and integrity mechanisms when placing fixed odds bets.
In relation to prizes not redeemed within 90 days, 50% of unredeemed prizes will go to the National Fund for Public Calamities, Protection and Civil Defense, leaving the other half with Fies.
What can you expect
The Brazilian sports scene anxiously awaits the outcome of this vote. Legalization can open doors to new opportunities and partnerships. Furthermore, the population welcomes the allocation of funds to essential areas.
