{"id":214,"date":"2024-06-19T06:07:42","date_gmt":"2024-06-19T03:07:42","guid":{"rendered":"https:\/\/jumbabetnodepositbonuscodes.icu\/2024\/06\/19\/brazil-eyes-european-model-in-sports-betting-overhaul\/"},"modified":"2024-06-20T17:14:14","modified_gmt":"2024-06-20T14:14:14","slug":"brazil-eyes-european-model-in-sports-betting-overhaul","status":"publish","type":"post","link":"https:\/\/jumbabetnodepositbonuscodes.icu\/2024\/06\/19\/brazil-eyes-european-model-in-sports-betting-overhaul\/","title":{"rendered":"Brazil Eyes European Model in Sports Betting Overhaul"},"content":{"rendered":"<p><iframe loading=\"lazy\" width=\"800\" height=\"450\"\n    src=\"https:\/\/www.youtube.com\/embed\/M0vodqIBvvc\"\n    frameborder=\"0\"\n    allow=\"accelerometer; encrypted-media; gyroscope; picture-in-picture\"\n    allowfullscreen><br \/>\n<\/iframe><\/p>\n<p>As Brazil reworks its regulations for sports wagering, it&#8217;s casting an eye toward Europe.  While the nation has had oversight of the sector since December 2018 under legislation (Law No. 13,756\/2018), legislators recently greenlit modifications to the structure.<\/p>\n<p>A major shift involves the taxation of earnings from sports betting.  The existing model relies on overall income, but the revised system will utilize gross gaming revenue (GGR). This method is anticipated to yield more consistent financial support for public initiatives and incentivize players to patronize domestic providers.<\/p>\n<p>Regarding public initiatives, the adjustments also allocate increased funds to social welfare, medical care, and schooling.  For instance, a segment of the proceeds will be directed toward academic bodies, the National Public Security Force (FNSP), and athletic groups within Brazil.<\/p>\n<p>These alterations represent a component of a broader endeavor by Brazilian authorities to update their stance on gaming and bolster income for crucial public services. <\/p>\n<p>Upon the bill&#8217;s voting stage, politically liberal representatives sought to remove the portion concerning wagering on athletic contests, yet their endeavors were ultimately overcome by a considerable difference.<\/p>\n<p>This follows Rio de Janeiro&#8217;s recent initiation of sports betting merely last month.  The city aims to entice fresh commerce and furnish inhabitants with expanded alternatives by broadening their range of gaming opportunities. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>As Brazil reworks its regulations for sports wagering, it&#8217;s casting an eye toward Europe. While the nation has had oversight of the sector since December 2018 under legislation (Law No. 13,756\/2018), legislators recently greenlit modifications to the structure. A major shift involves the taxation of earnings from sports betting. The existing model relies on overall [&hellip;]<\/p>\n","protected":false},"author":83,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v22.8 (Yoast SEO v22.8) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Brazil Eyes Europe<\/title>\n<meta name=\"description\" content=\"Curious about the future of sports betting in Brazil? The nation is taking cues from Europe as it revamps its regulations, shifting to a GGR tax model for more consistent revenue. 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