Imagem: Agência Brasil / Joédson Alves
Lula Administration and Sports Betting Revenue in 2024
The Lula (PT) administration remains uncertain about the revenue from authorizations for companies wanting to explore fixed-odds sports betting, commonly referred to as bets, in 2024.
However, following the market regulation at the end of last year, this was anticipated as an additional revenue source by the Ministries of Finance and Planning and Budget for the current year.
Sports Betting Revenue for 2025 This year, companies with approved requests will pay for the grants. The Treasury has indicated that the first presentation period spans 90 days, starting at the end of May and ending in late August.
As a result, the Ministry of Finance states it is currently unable to make any revenue forecasts.
When the rule was approved, the estimate was at least R$5 billion in revenue from these authorizations, potentially providing relief to public finances as the government aims for a zero fiscal deficit.
The ministry denied making any revenue forecasts for next year when tax and social allocation collections will begin.
The regulated market will start operating on January 1, 2025. Hence, next year, the government is expected to have a clearer understanding of the revenue.
However, some parliamentarians have criticized the government’s pace in regulating the market. Senator Angelo Coronel (PSD-BA), who reported on the project leading to the law, mentioned “slowness” in collecting grants for operating licenses.
“It’s been slow. If the government wants money, we approved the bets in December [2023]. It’s been four months, and there is no action to make this demand,” the PSD senator criticized in an interview last month.
Revenue Expectation There remains significant expectation and uncertainty regarding the values from sports betting regulation. Collection is crucial for balancing public accounts and achieving a zero fiscal deficit, a government goal for this year.
Therefore, regulating fixed-odds betting is a government effort to boost revenue and relieve public finances. Thus, 2025 appears to be a decisive year for increasing government revenue.
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