Experts discuss impacts of sports betting regulation on the player
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The iGaming market, which includes betting on sporting events and online casinos, has been experiencing rapid growth in Brazil in recent years, and recently the country hosted one of the largest fairs in the sector, the BiS SiGMA Americas, where various related topics were discussed. to the gaming industry.
One of the most relevant panels of the conference was the “Impact of Sports Betting Regulations for the Player”, in which experts discussed what would be the best practices to develop sports betting in the country.
Initially, one of the experts, Rodrigo Alves, president of the Brazilian Sports Betting Association (ABAESP), pointed out that the law that legalized sports betting in the country contains some “slips”. That’s because legislators legalized the activity as if it were a lottery, and despite being gambling modalities, they are quite different.
According to Rodrigo Alves, the lottery, like the Mega-Sena, requires a draw to select one or more winners, while in a football match, for example, both team A and team B can win the lottery. match, or draw, not depending on “luck” for the final result. “The Mega-Sena is a raffle and serves as an example of what a lottery really is. You will always take the odds, the odds are immutable. In it, the chance of you winning will always be one and fifty million, nothing will change that. And not in football. Team A or B can win or tie itself. And it doesn’t depend on a lottery”, explains the president of ABAESP.
Meanwhile, the founding partner of Hendrich Advogados, Witoldo Hendrich, defended that the taxation of bettors is not the best alternative for developing the betting market, given some experiences from other countries, which on the rare occasions that they tried to implement this practice , it did not work as expected.
As an example, the lawyer cited the situation in France, which taxes the winnings of bettors and therefore does not have a betting market as developed and attractive as that of neighboring countries that do not adopt the same practice.
In Brazil, the sports betting niche is very close to regulation, and for many, this measure will help the development of the sector, since with greater legal certainty for bettors and operators, the country will become more attractive to investors in this market.
But, while politicians do not reach a consensus on the regulation of guesses, consumers can continue to place their bets on a reliable betting site, such as one listed on relivel.com. Platform that evaluates the services of the betting operators operating in the country, verifying the origin of the companies, as well as the fidelity of the services offered, also highlighting the best promotions, which consumers can take advantage of to guarantee some interesting advantages.
Currently, there is an expectation that the regulation of sports betting will take place soon, as the Lula government has been looking for alternatives to increase the collection of public coffers.
The Minister of Finance, Fernando Haddad, initially pointed out that with the taxation of the betting market, the State would be able to collect between R$ 2 billion and R$ 6 billion annually. However, the Minister of Finance later stated that this collection could be even greater, ranging from R$ 12 billion to R$ 15 billion.
However, a study conducted by H2 Gambling, a British consultancy specializing in the analysis of betting market data, pointed out that the amount collected by the State should not exceed R$ 3 billion, and they accounted for the insertion of the Service Tax (ISS) . For its calculation base, the consultancy estimated that in 2024 the Brazilian betting market could move BRL 100 billion.
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