Quote from: peter0425 on June 10, 2025, 08:23:23 PM

Brazilian Finance Minister Fernando Haddad has confirmed gambling tax in the country will increase from 12% to 18% of GGR.

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%. Six of the largest gambling trade associations have also released a joint statement pointing out that the gambling sector has already contributed significantly to the country and to impose higher tax will be a burden.

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?

Increasing gambling taxation will make most of these gambling companies to do everything possible for them to make money from their customers. This alone will make many of these gambling companies to strategize ways of involving in dubious way to steal from gamblers just to meet up with the tax and also something left to pay workers and profit.

The government has not really done well to increase gambling taxation and at this time when the economy of the country (Brazil) is not that strong, making gamblers to pay the prize of the increment. Gambling in Brazil should expect some gambling manipulation soon because this is the only way companies could meet up with the government offers.