Brazil’s Online Betting Shutdown Could Cost $14.7B in Tax Revenue, Study Says - BetWiseBrief
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Brazil’s Online Betting Shutdown Could Cost $14.7B in Tax Revenue, Study Says

Licensed betting sites in Brazil went offline on 6 October under an executive order. A new study warns the ban could cost the country billions in tax revenue.

By BetWiseBrief

What happened

Under the executive order, licensed betting operators were required to go offline from 6 October. The government said on that day that previously authorised platforms had complied with the shutdown.

A study by LCA Consultores, carried out for the Institute of Responsible Gaming (IBJR), estimates the ban could cost authorities up to R$73 billion (about $14.7 billion) in tax revenue over the next four years.

Jobs and football

The study says the regulated betting industry directly employs around 10,000 people. It also points to Brazilian football, which has built a close relationship with betting companies through sponsorship in recent years, as particularly exposed.

Why it matters

IBJR is an industry body, so the figures represent one side of the argument. The other side is the concern about gambling harm that sits behind the ban. The debate tests a key policy question: do players get better protection when a market is banned, or when it is licensed and tightly supervised?

Source report: Casino.org

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