Site icon iGaming Brazil

Betting regulation passes in committee and goes to the Senate Plenary

Regulamentação das apostas passa em comissão e segue para Plenário do Senado

Presidente da CAE, Vanderlan Cardoso conduziu a reunião. Foto: Fonte: Agência Senado

Approved by the Economic Affairs Commission (CAE) on the afternoon of this Wednesday, 22nd, the regulation of online sports betting, the so-called bets, now goes to the Senate Plenary on an urgent basis.

Bill (PL) 3,626/2023, which guarantees the taxation of internet betting, was reported by senator Angelo Coronel (PSD-BA).

The text deals with the lottery modality called “fixed-odd bets” and received opposing votes from several senators, such as Eduardo Girão (Novo-CE) and Carlos Portinho (PL-RJ).

Already approved by the Chamber of Deputies, the proposal is part of the Federal Government’s package to reach zero fiscal target in 2024.

If the Senate modifies the text, the project will return for examination by deputies.

Distribution of money from the betting regulation proposal

An amendment accepted by the rapporteur changes the way in which revenue from fixed-odd betting lotteries are distributed in physical or virtual media.

According to the text, 88% goes towards funding and maintenance expenses for the lottery operating agent and other betting games.

Senator Angelo Coronrel was the project’s rapporteur. Photo: Pedro França / Agência Senado

The remaining 12% is distributed according to the following percentages:

36% for sport, being:

28% for tourism, being:

14% for public safety, being:

10% for education, being:

10% social security;

1% for the Ministry of Health to apply to measures to prevent, control and mitigate social harm arising from gaming in healthcare areas;

0.5% for the following civil society entities:

0.5% to the Fund for the Equipment and Operationalization of Core Activities of the Federal Police (Funapol).

Exit mobile version