Background:

Despite the optimism surrounding the law, questions remained about its implementation and how it would impact Brazil's economy. president Lula, 🌝 in a public speech, stated that the law would annually generateover R$4 billion dollars in tax revenue, without hampering 🌝 the development of the sport.

Graph 2: sports betting contributing to the states revenue, by percentage

0,7% - 1,9 - 3,7 🌝 - 5,4

Regarding futurepolicy recommendations, it would behelpful to establish sharper controls over online operators, combat money laundering, ban manipulative advertisements 🌝 and encourage responsible gambling behavior to avoid putting profits at the expense of the citizens welfare.