(Photo: Pexels) The regulation of gambling in Brazil generated mixed reactions from the public, but it seems that the majority of Brazilians are in favor of this measure. The creation of laws that establish rights and obligations for this sector is seen as a significant opportunity for the country's economic and social development, providing jobs, influencing economic growth and helping to prevent problems related to excessive gambling.
What are the main benefits of regulating gambling in Brazil? One of the main arguments in favor of regulating gambling is the potential for job creation. Legalization and regulation can open doors to a wide range of employment opportunities, from positions in casinos and gambling venues to jobs in support areas such as security, maintenance, administrative services and customer support.
To this end, in a survey of Brazilian gamers carried out by the company ENV Media, 76% of respondents believe that the iGaming industry can boost Brazil's economy and offer job opportunities:
In addition to creating jobs, gambling regulation can have a significant positive economic impact. Legalization allows the government to charge taxes that were not previously collected, increasing public revenue. These resources can be directed to vital areas such as health, education and infrastructure. According to the same survey carried out by ENV Media, an overwhelming majority of 87% of respondents consider the registration, licensing and taxation of companies important:
On this topic, federal senators cite around 10 billion dollars annually, plus 3 to 4 billion dollars every five years for licensing fees. This represents approximately US$2.2 billion in annual tax revenue
In countries where gambling is regulated, the increase in tourism is also significant, with casinos and resorts attracting national and international visitors, bringing even more revenue to the local economy.
Regulation is also seen as a crucial way to prevent compulsive gambling. With clear laws and strict regulations, it is possible to implement effective player protection measures such as gambling limits, self-exclusion programs and awareness campaigns about the dangers of excessive gambling.
This would not only help reduce the negative perception associated with the industry, but would also help combat gambling addiction by providing support to those in need in a safe and reliable way.
Furthermore, by regulating this market, the activities and services associated with online casinos, such as payments, deposits, withdrawals and even simple games of chance, become more reliable for the general public, precisely because they know they are protected by law.
In this sense, data from 7JP, an online casino that recently carried out a survey on payment methods, shows that 74% of Brazilian players consider security to be the most important variable when choosing a method, followed by speed (42%) and convenience/practicality. (40%).
This shows how important it is to have legislation that covers all the issues that this sector raises, so that everyone who participates in it can feel comfortable in the environment.
It is true that regulating gambling in the country is a measure that can bring a wide range of economic and social benefits. With the creation of jobs, increased public revenue and protection measures for players, the legalization of this sector can significantly contribute to the country's development, and proves to be a great benefit for Brazilian citizens.