The government of Brazil wants to privatize the country’s popular lottery industry, a move that supporters say will double tax revenues.
By attracting investors with experience in the latest technologies, federal officials believe the federal tax haul will quickly jump from 6 billion million reais (US$1.89 billion) to 12 billion.
However, the proposal has raised concerns among local lottery agents who fear that the introduction of digital platforms will necessitate the repeal of legislation that currently restricts sales to bricks-and-mortar locations.
In the meantime, a bill has been introduced in Congress designed to bring greater transparency to the industry by requiring institutions that run lotteries and related agents and licenses to keep all information related to games and their winners for at least five years.
The measure provides for the registration of lottery agencies data and identification of their legal representatives and management.
