Supporting Brazil’s Gambling Legislation: Reasons Why Gaming Suppliers Do So

Mar 29, 2022 Gambling

Supporting Brazil’s Gambling Legislation: Reasons Why Gaming Suppliers Do So

As authorities in Brazil debate whether or not to legalize gambling, gaming machine manufacturers can assist impact public opinion. They should, too, because they stand to make a sizable portion of the industry’s profits.

Nearly seven years ago, Brazil began to “fast track” the legalization of gambling. However, there has only been a modest improvement.

A broad gambling bill passed the Chamber of Deputies last week, but it still faces opposition. That requires gamblers to know the important points to remember about online gambling.

Gaming Suppliers Supporting Brazil Gambling

There’s certainly a lot of money to be made. This should serve as the supplier’s incentive to try to gain support from senators.

Elevation of the Gaming Tax Rate

The measure proposed a 17 percent tax on casino gross revenue, but one item was overlooked. As previously indicated, the bill’s tax wording forbids any new tax or contribution at any level.

Massive Obstacles Ahead

Even if the law makes it past the Senate, there will still be a major stumbling block.

In a recent live broadcast, the president stated that if the Senate passes the law, he will veto it.

There will be another possibility if that happened. The law would go back to the National Congress to gain a vote on whether or not to override the president’s unilateral power.