Do you think that casinos would continue to want to operate in Brazil with these taxes? I am assuming that as a result, casinos would offer higher prices on their services as well due to the taxes and would most likely drive away customers. Would this eradicate the gambling sector altogether?
The Brazilian government has increased the tax on gambling from 12% to 18%. This may continue for a few days. Everyone will give different arguments for and against it. However, the situation will normalize in a few days. We will not see any major impact on gamblers.
Most of those who go to casinos are rich. Many test their luck through gambling and consider gambling as a means of entertainment. We will not see any significant impact on these gamblers by increasing the tax. However, for gamblers who have chosen gambling as a profession, imposing a tax on gambling is a matter of concern.
However, it is certain that the black market will increase due to the increase in tax. For this, the administration will have to be more strict. If the administration is strict, it is possible to control this black market