In the first six months of regulated betting in Brazil, the market raised BRL3.8 billion [$680 million] in tax, according to data from the Federal Revenue Service (RFB)
On 24 July, the RFB released its monthly presentation detailing the total monthly tax collection of President Luiz Inácio Lula da Silva’s Brazilian government…
Collections from the Brazilian gambling sector in June stood at BRL764 million, falling 6.1% short of May’s figure of BRL814 million.
Udo Seckelmann, head of gambling & crypto at Brazilian law firm Bichara e Motta Advogados, believes the figures reaffirm the market’s strong potential for generating significant public revenue. “I am not surprised by the tax collection figures,” Seckelmann tells iGB.
