Brazil inches closer to GGR sports betting tax regime

Changes put forward by Congressman Hugo Motta will see South American market shift to GGR-derived tax base

The Brazilian government is set to make a significant amendment to its sports betting legislation that will see tax collection calculated based on gross gaming revenue (GGR). Provisional Measure 1,034/21 was approved on 2 June and saw proposals from Republican politician Hugo Motta given the green light after being accepted by rapporteur Moses Rodrigues. The…

Brazil | Brazilian Market | Finance | Regulation | Sports betting | Tax | Tax changes