Brazil’s government has issued an executive order on to initiate taxation on sports betting, in line with a measure announced by President Luiz Inacio Lula da Silva’s economic team to increase revenues.

Under the new regulation, companies will be subject to an 18% tax on Gross Gaming Revenue (GGR). This now includes online sports betting and online casino.

In 2018, Brazil passed a law allowing online fixed-odds betting for the first time, permitting bookmakers to offer odds on the outcomes of sports events.

However, the necessary sector regulation was never implemented.