Regulus Partners has forecast that a 40% Machine Games Duty rate could lead to 4,050 betting shop closures and 28,000 job losses within three years.
The appointment follows the enactment of Law 86-26, which establishes a consolidated regulatory framework for gambling and brings the DGJA into operation.
Finance Minister Dario Durigan says daily betting transaction volume has effectively disappeared since the Government's ban took effect, with early Central Bank data.
Betting companies used advertising boards at two Brazilian Championship matches to display messages opposing the Government's betting ban.
Brazilian officials fear the Supreme Court could overturn the betting ban this week, as billions in bettor funds remain locked in platforms awaiting a ruling from Justice Luiz Fux.
Smaller confederations warn the loss comes just as they ramp up preparation for Los Angeles 2028.
Election now heads into run-off, as Bolsonaro takes surprise 47% share of votes.
According to attorney Daniel Wallach, the ruling creates an ‘intra-circuit split’ with a decision previously handed down in Wisconsin, which is currently on appeal to the Seventh Circuit.
Nicole Saharsky, Partner at Mayer Brown law firm, wrote to Clerk Molly Dwyer on October 2 and cited rulings recently handed down in the Sixth and Ninth Circuit Courts.
The state’s mobile betting operations accounted for just over $46.4m of the total revenue for August and decreased 19%, while retail betting drove $722,302 and fell 23.1% year-over-year.