One of the key aspects of the 😄 new law is the taxation of sports betting companies and online betters. The government expects to raise at least 10 😄 billion reais, and two percent of the revenue will be destinated to the Social Security contribution. The law also establishes 😄 the veto of the president over the exemption of IR (Income Tax) for winnings up to 2.112 reais in sports 😄 betting. This means that anyone who wins more than 40,000 reais in sports betting between January 1, 2024, and December 😄 31, 2024, must declare their winnings.

The new law has brings security and clarity to the betting industry, also focusing on 😄 responsible bankroll administration to maximize long-term profitability for players. With the new law, Brazilian the government is also expecting to 😄 raised R$10 billion in revenue.