Brazil is set to launch gambling in just a few months. And the plans are slowly coming together. Final regulations on gambling in Brazil have been announced. These are done through ordinances published by the Ministry of Finance’s Secretariat of Prizes and Bets. This is the last of the rollouts on regulations that will allow for the launch of gambling in Brazil on January 1, 2025.

Currently, the country has received six applications from operators. These operators will be part of a special list of applicants. Apparently, Brazil launched a window of preference which will end on August 20. This means that operators who will apply before the deadline gets prioritized in their application. It also guarantees that their applications will be processed by the expected launch date. If you are interested to start a bookie business, the process is much easier with a pay per head software.

Online Gambling in Brazil

The operators held 7.8% of the money they received from those wagers, down from 8.6% in February. However, the month-over-month increase in handle compensated for Arizonan's better luck. Even more, revenue rose to $38 million, above February's $28 million. The tax bill increased to $3.7 million.

With the state’s sportsbooks hitting a new milestone in sports betting handle, a lot of industry experts are looking at the possibility of continuous growth for the local market. The steady rise in handle is also consistent with the pace of sportsbooks that use the top 10 pay per head companies. top 10 pay per head companies.

Normative Ordinance No. 1,207 was published on July 31. This ordinance paves the way for online casino gaming to be legal in Brazil. Online casino gaming is very lucrative. In fact, adding this to your sportsbook is one of the ways of how bookies can compete against large sportsbooks. With a complete gambling portfolio, you can easily double your revenue.

With the announcement of the ordinance, this means that more operators are likely to submit their applications. Industry insiders are expecting to see more than 20 operators apply for the opportunity to offer iGaming and sports betting in Brazil.

Other Normative Ordinances on Gambling and Wagering

Aside from Normative Ordinance 1,207, four other ordinances were announced. Normative Ordinance No. 1,225 tackles inspection measures for betting. The government’s regulatory agency can coordinate with other public offices to monitor activities and ensure regulatory compliance.

Meanwhile, you also have Normative Ordinance 1,212, which tackles how transfers of revenue to the state will happen. There will be a 12% gross revenue tax, plus a monthly inspection fee that ranges from $10,000 to $390,000. Player winnings above BRL 2,824 (around $447,25) will also get a 15% tax cut.

Normative Ordinance 1,231 details the responsibility of operators in building betting systems, as well as advertising and marketing regulations. Influencers and celebrities are not allowed to market the industry a certain way. Finally, you have Normative Ordinance 1,233, which tackles sanctions against erring operators.

While it all seems very complex, its actually quite easy to get into the gambling industry. Find out how you can do this with the help of a good bookie pay per head service here.