MP for sports betting will allocate part of the taxation to the Ministry of Sport and create a new secretariat at the Treasury

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Sources from the economic team claim that, after negotiations with the Minister of Sports, Ana Moser, the provisional measure for the taxation of online sports betting was reformulated to increase the tax charge on betting operators by 1 percentage point. It would be 15% on revenue obtained from games, subtracting prizes. Now it will be 16%. This extra amount will be allocated to the Ministry of Sports, with the aim of promoting grassroots sport. The 16% tax will be divided as follows: 2.55% will be allocated to the National Fund for Public Security 0.82% to the elementary school 1.63% to clubs, in return for the transfer of the name 10% to social security 1% ao Sport New secretary The Ministry of Finance also negotiated with Minister Esther Dweck, of Management, the creation of a secretary for Betting and Lotteries – which will be foreseen in the MP. This new structure will be responsible for analyzing documents to approve or not the accreditation of operators here in the country, as well as for monitoring the volume of bets and collection. To compensate for the increase in expenses, the Ministry of Finance suggests using the revenues from the payment of grants, which will amount to R$ 30 million per operator. The folder estimates that 70 to 100 companies will pay for the grant. The MP is at the Attorney General’s Office of the National Treasury and may return to the Treasury this Wednesday. Afterwards, it needs to be co-signed by 7 ministries: Finance, Planning, Management, Sport, Tourism, Health and Civil House The expectation of the Finance is that the text reaches Congress by May 5th. The government’s forecast is to collect around R$ 12 billion per year with the taxation of bets and with the recreation of Lotex, which will also be foreseen in this MP.

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