The Brazilian Institute of Responsible Gaming or IBJR has spoken up about the increase in tax and said that this would result in the black market growing from 50% to 60%...
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?
Usually what that pushes people to do is to play in unregulated casinos in the country, such as cryptocurrency casinos that let them play. Or play face-to-face at unregulated sites or underworld and such. As for casinos, well it depends, but politicians have a mania for collecting more and more that does nothing but fuck up the economy and business. It is clear that they have not heard about the Laffer curve or if they know about it they do not believe it.