Brazil Works On Casino Legalization With Bill No. 2,234/2022

In a groundbreaking move, Brazil is on the verge of legalizing casinos, bingo, the “jogo do bicho” lottery, and horse race betting in physical establishments. This development comes with the impending approval of Bill No. 2,234/2022, a proposal that has already cleared the Constitution and Justice Commission (CCJ) and is now making its way through the Federal Senate. The bill promises to reshape the country’s economic and social landscape by creating a regulated and responsible gambling environment.

The Support from the Finance Minister

Fernando Haddad, Brazil’s Minister of Finance, has thrown his weight behind this transformative bill. He believes that legalizing and regulating these gambling activities will not only curb illegal operations but also generate significant revenue and boost tourism.

In a recent meeting with Senator Irajá Silvestre, the bill’s rapporteur in the CCJ, Haddad was presented with compelling arguments and technical studies. These studies indicate that the legalization of physical gambling establishments could generate approximately R$ 22 million in taxes annually. Such a substantial revenue stream could be channeled into essential projects, fueling economic growth and improving public services.

’’Silvestre presented Haddad with technical studies showing the potential to generate approximately R$ 22 million in taxes annually.’’

Senator Irajá Silvestre, a staunch advocate for the bill, brought forward a thought-provoking question to the Finance Minister: “Minister, it’s not possible that the whole world is wrong and only Brazil is right.” His rhetorical question highlights a critical point—many countries have successfully legalized and regulated gambling, creating a safe and profitable environment.

Silvestre pointed out that these countries have seen a dramatic reduction in illegal gambling activities and an influx of tourists. “They created a new business environment in these countries, generating employment, income, and doubling the number of tourists who visit these countries,” Silvestre noted. This perspective underscores the potential benefits that Brazil could reap by following a similar path.

Minister Haddad echoed Silvestre’s sentiments by emphasizing the global trend towards regulated gambling. “All OECD [Organization for Economic Co-operation and Development] countries, almost all G20 countries, and over 90% of countries have regulated the physical gambling industry,” Haddad stated. He stressed that with proper discipline, moralization, and state supervision, a regulated gambling industry could thrive in Brazil.

The minister’s support is crucial as it signals a shift in governmental attitude towards gambling. His assurance that the industry, if well-regulated, could generate employment and income provides a solid foundation for the bill’s approval.

The Bill’s Maturity and Support

According to Senator Silvestre, the bill is now “mature” enough for a Senate vote. He is confident that the necessary support exists to see the bill through the legislative process. “We are not dealing with an ideological agenda here; it is an economic and social agenda,” Silvestre asserted. The senator emphasized that the revenue generated from legalized gambling could be redirected into essential public projects, benefiting the broader population.

The legalization of casinos and other forms of gambling represents a potential new era for Brazil. By creating a regulated environment, the country can harness the economic benefits while minimizing the risks associated with illegal gambling. The projected increase in tourism, employment opportunities, and tax revenue could significantly contribute to Brazil’s economic development.

The move towards legalization also reflects a broader global trend and aligns Brazil with many of its international counterparts. If the bill passes, it will mark a significant milestone in Brazil’s economic and social policy, potentially transforming the nation’s gambling landscape and opening up new avenues for growth and prosperity.

As the Federal Senate prepares to vote on Bill No. 2,234/2022, the eyes of the nation are on this pivotal decision. The outcome could redefine Brazil’s approach to gambling, setting a precedent for responsible and regulated gaming that benefits all Brazilians.

Source:

”Haddad confirma apoio à legalização de cassinos físicos”, sbcnoticias.com, July 05, 2024.