Brazil: The Senate plenary approved on Tuesday, December 12, the draft text of the bill to regulate sports betting with fixed odds.
Senate approves regulation of online sports betting, casinos left out of proposal
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Senate approves regulation of online sports betting, casinos left out of proposal
Sen. Joe Addabbo and Asm. Gary Pretlow noted "The state comptroller has pegged the deficit at $4.3 billion for next year and $8 billion for 2025. Solving it will require many difficult choices, but a good first step to beat the odds is right in front of us: we can double the substantial revenue we get from mobile sports betting through the legalization of iGaming (online gambling) and iLottery (online state lottery).”