Betting boom in Brazil: Football drives transactions up 55%, tax revenue hits $1.3bn
Brazil's Federal Revenue Service reported BRL6.8bn ($1.3bn) in tax revenue from betting activities in 2025, while transactions were up due to football.
Brazil's Federal Revenue Service reported BRL6.8bn ($1.3bn) in tax revenue from betting activities in 2025, while transactions were up due to football.
The senator warned that creating a public platform risks encouraging gambling addiction among vulnerable Brazilians.
The partnership aims to strengthen the fight against match-fixing and foster ethical standards in Brazil.
EstrelaBet will sponsor the opening event of the 2025/26 Kings League season.
Revenue totalled €507.1m ($588m), down 2.4% year-on-year.
Brazil's Chamber of Deputies is holding a public hearing to address why athletes have yet to receive their share of betting revenues.
The institute said banks, not betting firms, are responsible for Brazil's household debt.
The tournament will contribute towards qualification for the 2027 FIFA Women's World Cup in Brazil.
Brazil's Ministry of Finance is preparing a new proposal to reintroduce betting and billionaire taxes after Congress rejected the previous one.
Operators have finally dropped plans to contest the rule barring social beneficiaries from gambling... as lawmakers defend the policy.