(Sponsored) Brazil is following other countries by being on the edge of a major legislative shift.
It has now been confirmed that the Senate is preparing to vote on Bill 2234/22, which aims to legalize different gambling forms like land-based casinos, bingo, jogo do bicho, and horse race betting.This bill is nothing new, since it has been under discussion for a long time.
Now, it is in a state where it has cleared key hurdles and is waiting for final deliberation in the Senate plenary.
While nothing is confirmed yet, its highly likely that the bill will be accepted.This is because political support and public approval are rising in Brazil day by day.
Whatever the case is, the decision will affect Brazils gambling landscape.Growing Support and What It Means for Brazilian GamblersThe bills rapporteur is Senator Iraj, and he has just confirmed that the proposal already has the majority within the Senate.
He is actively working to get the other key stakeholders on board as well.There are discussions underway between government representatives and institutions like the Treasury, the Presidential Office, and the Ministries of Tourism, Industry, Commerce, and Services.Brazil Moves Closer to Legalizing Casinos: Senate Vote Expected This Semester.The goal behind these discussions is to ensure that regulatory and financial frameworks are aligned well before the final vote and decision.While more gambling options will be available inside the country in the future, Brazilian players can now navigate through a larger market full of local and international casinos.To find the best platforms, its important to understand how to choose a VPN-friendly casino.
This allows players cross-border access, greater privacy, and usually a wider game selection.What the Bill Proposes: Casino, Bingo, and MoreThe proposal is called Bill 2234/22, and it aims to legalize different forms of gambling, which are currently prohibited or operate in legal gray areas in Brazil.The most important forms that will be legalized if the bill passes are land-based casinos, bingo, horse race betting, and jogo do bicho.This would mean new traditional bingo halls and large-scale casinos.
The main idea is to build a regulated and easily monitored gambling industry.For the country itself, this would mean more money.
This is because the bill also introduces a specific tax mechanism.If the bill passes, all gross revenue generated by gambling operations will be taxed with 17% CIDE-Jogos, which comes from the words Economic Domain Intervention Contribution for Games.Additionally, operators would need to pay 20% IRPJ, also known as corporate income tax, on net prizes paid out to winners.This dual-tax strategy would generate a lot of money for the government, which would be a good thing for the whole country and its residents.Economic Impact: A Boost for Tourism and JobsAs we said above, this legalization would be a great thing for Brazil.
There would be new destination casinos and integrated resorts that could pull a lot of revenue from domestic and international visitors.This would boost employment and tourism, which reached a record number of visitors in Brazil last year.
This would boost the countrys overall economy by a lot.Senator Iraj has highlighted this potential by stating that the bill would not only mean a legal reform, but it would also serve as a long-term strategy for sustainable economic growth.And this is true, since new gambling operations would also create new jobs in industries like legal, hospitality, entertainment, and construction.Since the country is still trying to recover from the pandemic, the casino industry could serve as a much-needed stimulus.Public Opinion: Brazilians Favor LegalizationPeople in Brazil seem to be in favor of legalizing gambling.
In fact, there was a survey conducted in April where over 5 thousand Brazilians were asked via telephone whether they supported the proposal or not.The results showed that approximately 58% of the responders were for the proposal.
This number is quite high, since the other 42% also consists of responders who didnt have an opinion.From this number, we can see that the awareness of the benefits of new and formal regulation is growing.People are starting to understand how the current system is not working as it should, and it needs to be replaced.These survey results are being used by Senator Iraj as evidence, which strengthens his arguments.Opposition Voices and Remaining HurdlesEven though the bill is progressing fast and people are for it, there are still opponents.
Senators like Eduardo Giro, who leads the New Party, and Marcos Rogrio, who represents the Liberal Party, are actively fighting against the legalization by stating that the new bill would increase the risk of criminal activities like money laundering.Still, the bill stands strong while the supporters argue that regulation is the best tool to address concerns such as money laundering.This kind of legal framework would allow better monitoring, consumer protection, and other programs made to banish the underground market.With Senate President Davi Alcolumbre signaling support and a vote expected before the end of the semester, the bills fate now hinges on whether its economic and social promises can outweigh its perceived risks in the eyes of the majority.