(Photo: Pavel Danilyuk – Pexels) Although gambling and casinos are not legal in Brazil, games can normally be enjoyed online, and LeoVegas Casino is already a legal option for playing online games, with a lot of variety and options. your entertainment.However, over time, the issue of legalizing gambling in Brazil gained a new chapter, with many supporting the issue while others are against gambling in the country.
Meanwhile, online casinos continue to develop at full speed, all without breaking the law, and since December 2018, online gaming has been possible in Brazil thanks to a bill approved by then president Michel Temer.
However, it is worth mentioning that when operating over the Internet in Brazil, companies do not need to pay fees and taxes to the country, therefore the country no longer charges high fees.
Fees are charged at the company's licensed locations, even if Brazilian players play over the Internet.
To change this, it is necessary to create laws and allow entities to enter casinos. This is expected to happen in the near future, but the topic still generates divergent opinions.
In fact, the Chamber of Deputies approved a bill that aims to decriminalize it, but the Senate responded by forming the “Brazil Without Games Congressional Front” to try to ban gambling in the country.
Online gaming and gambling generate high-value casinos are found almost everywhere in the world, whether they are land-based or online casinos.
According to Grand View Research, a company specializing in business consultancy, the gambling market will grow at an annual rate of 11.7% until 2030, with revenues expected to reach $182 billion.
A great example of how gambling can generate high value is Macau, which is the only place in China where casinos are legal. In April of this year, they recorded their worst performance in recent times, but still raised US$335 million in funding.
To understand how Brazil is exploring this market, one of the defenders of legalization, federal deputy Herculano Passos (MDB-SP), gave an interview to Poder 360 on YouTube. With the legalization of gambling, the country is expected to create 650,000 new jobs and 20 billion reais in annual revenue, he said in the interview.
According to him, the idea is to follow the model of Las Vegas, where gambling represents 30% of total revenue, and also of Macau.
How does Brazil achieve legalization? Through the project approved by the Chamber of Deputies, we can know how Brazil's actions will work. First of all, it is important to highlight that companies can enter the country as casinos within resorts, subject to some rules.
Among them, companies are restricted based on the population size of each state. This would allow São Paulo to have three units; Rio de Janeiro and Minas Gerais had two each and the other states and the Federal District had one;
Every company must follow rules such as having restaurants, commercial stores, meeting spaces and luxurious accommodations. Fees and taxes are still unknown, but the company's fee schedule must be followed, with bettors only paying taxes after making a profit.
So these are some of the points that have been established, but everything can still be adjusted. New legalization measures can only be taken after the election of a new management of candidates in 2023.
