Lotteries to be regulated in Brazil

Lotteries to be regulated in Brazil

By site_editor

November 14 2018: Yogonet (12/11/18) provides an update on the passage of Bill no 846/2018, which seeks to regulate the transfer of lottery resources.  The Bill  will now be addressed by the plenary of the Lower House and later, the Senate.  The bill, which received 41 amendments in its passage through the review commission, regulates the transfer of lottery resources to the areas of public safety, sports and culture. If passed, it could pave the way for sports betting in the country.

Effective until November 28, Bill 846/2018 was created in August as a new version of MP 841/2018, published in June and no longer applied.

The new text emerged from an articulation of the Ministries of Culture and Sports, following pressure from entities of both sectors, since the previous MP reduced the contributions of lotteries for these areas, to increase the resources of the National Public Security Fund ( FNSP).

The Government anticipates that the new provisional measure will guarantee annual contributions of around R $ 1 billion to the public security area, around $ 630 million for sports and $ 443 million for culture.

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