7️⃣Brazil🇧🇷: Brazil may legalize casinos, bingo halls, and the "jogo do bicho" in August 2024!

7️⃣Brazil🇧🇷: Brazil may legalize casinos, bingo halls, and the "jogo do bicho" in August 2024!

✅Good news for Brazil! The Senate may vote on a bill to legalize casinos, bingo halls, and the "jogo do bicho" in August, opening up new opportunities to the country. The bill is expected to attract more tourists and give a boost to the economy.

The proposed legislation also sets limits on casino installations, allowing a maximum of three in São Paulo and two in other states, based on population size.

🎲Benefits for the country

➡️Tourism Boost: The bill is likely to increase the influx of foreign tourists.

➡️Revenue Generation: The sector's revenue will contribute significantly to the national economy.

🎲Key points of the bill

➡️Taxes and Distribution: The bill introduces two new taxes, with revenue to be shared among states, the Federal District, municipalities, Embratur, and funds for sports and culture.

➡️Casinos: Casinos can be established in one state and the Federal District, with São Paulo allowed up to three, and Minas Gerais, Rio de Janeiro, Amazonas, and Pará permitted up to two each.

➡️Bingo Halls: Each municipality may authorize one bingo hall, but larger cities could have one for every 150,000 residents.

➡️"Jogo do Bicho": This traditional lottery-style game could be operated by one company per 700,000 inhabitants in each state and the Federal District.

➡️BHorse Racing Bets: Betting on horse races will be managed by accredited racing entities under the Ministry of Agriculture.

‼️The Senate is ready to bet on Brazil's future, putting the country on a ranking never imagined before.

#news #gambling #Brazil #betting

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