The Portuguese Gambling and Betting Council warns that tax increases would divert £8,4 billion to the black market. Brazil faces a similar debate with proposals to increase taxation on betting.
“Caixa Bet’s entry into the betting sector is not a deviation. It’s a global convergence,” argues Leonardo Sampaio, CEO of TQJ. The state-owned bank follows the international model of state-run lotteries, but contradicts the government’s discourse against betting; check out the list of state-owned companies that operate betting.
The federation sent an official letter to the 26 unions it represents, classifying the platform as essential for the future of the lottery network, despite opposition from President Lula. BNLData spoke with state leaders and interviewed the president of the organization.
The document presents five points against the initiative based on historical, social, and economic aspects. According to the entity, the operation of fixed-odds betting and online games in the lottery network could represent the "death blow" for the network with 13,3 units.
