Brazil’s sports betting market carries a value of about R$25 billion (US$4.8 billion) a year. With that kind of money, the country’s soccer teams want their share.
Last month, 15 clubs met with the Chamber of Deputies to discuss updating Pele Law, which governs sports in the country. The discussions included sharing revenue from online games, according to casino.org.
Clubs put up an amendment that grants them royalties. The economic return of betting data in the betting market produces enough revenue sharing to those who produce the data.
According to a recent survey, 28 percent of the Brazilian population has made some kind of sports bet.
The Pelé Law that would be updated states: “The right to the playing field belongs to sports entities, consisting of the exclusive prerogative to negotiate, authorize, or prohibit the capture, fixation, emission, transmission, or reproduction of images by any means or process of a sporting event in which they participate.”
The clubs convinced Deputy Felipe Carreras to accelerate an update in the text.
