td-cloud-library
domain was triggered too early. This is usually an indicator for some code in the plugin or theme running too early. Translations should be loaded at the init
action or later. Please see Debugging in WordPress for more information. (This message was added in version 6.7.0.) in /var/www/html/igamingbrazil.com/wp-includes/functions.php on line 6121The Ministry of Tourism<\/a> made the first transfer of funds to Embratur (Brazilian Tourism Company)<\/strong> from the sports betting<\/strong> <\/a>market. On Tuesday (6), it released a total of R$40 million<\/strong> to the agency, currently chaired by Marcelo Freixo. The transfer complies with the provisions of the legislation sanctioned by President Luiz In\u00e1cio Lula da Silva<\/a><\/strong> the previous year.<\/p>\n\n\n\n The law requires that 28% of taxes<\/strong> generated by net profits from betting prizes must be directed to tourism. Of this percentage, 22.4%<\/strong> is given to the Ministry of Tourism and 5.6%<\/strong> is allocated to Embratur. These amounts are essential to expand and strengthen national and international actions to promote Brazilian tourist destinations.<\/p>\n\n\n\n The legal framework responsible for the transfer is part of broader measures to regulate and enhance the betting market in Brazil. The rules defined by Law No. 14,790\/2023 <\/a>ensure greater organization in the sector, in addition to providing for substantial revenue.<\/p>\n\n\n\n In 2024, estimates indicate that sports betting<\/a> will generate around R$130 billion in the country<\/strong>, consolidating Brazil as the third largest market in the world in the segment.<\/p>\n\n\n\nSports betting operators must follow rules for social purposes<\/h2>\n\n\n\n