Passos is well aware of the president’s position, but believes the National Congress could override Bolsonaro’s veto.<\/p>\n
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Passos says the needed support to override the president’s power will come once the fiscal benefits of integrated resorts are better known. The federal deputy says a 30 percent effective tax on gross gaming revenue would deliver Brazil’s government R$20 billion (US$3.53 billion) annually.<\/p>\n<\/div>\n
Brazil is set to soon begin receiving some financial benefit from gambling, although the tax receipts will be trivial. Prior to Bolsonaro becoming president, Brazil legalized sports betting in 2018 during Michael Temer’s administration.<\/p>\n
The first sportsbooks are expected to begin taking bets in the coming months. The delay has been due to a comprehensive federal study first being conducted on best regulatory practices. Lawmakers then took their time in crafting final governing rules for sports betting. The final implementation and federal approval was further stalled by COVID-19.<\/p>\n","protected":false},"excerpt":{"rendered":"
Brazil lawmakers have long debated the merits of legalizing commercial gambling. While such efforts to approve casinos have gone unsuccessful, a federal official says 2022 will be the year. Federal Deputy Herculano Passos (MDB-SP) has represented Sao Paulo in the lower chamber since 2015. The lawmaker from Brazil’s most populated city says the cash-strapped and […]<\/p>\n","protected":false},"author":25,"featured_media":196925,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[62,13],"tags":[],"acf":[],"yoast_head":"\n
Brazil Casino Effort Reignited, Lawmaker Says Time to Override President<\/title>\n\n\n\n\n\n\n\n\n\n\n\n\n\t\n\t\n\t\n\n\n\n\n\n\t\n\t\n\t\n