Finally, doors for sports betting in Brazil are beginning to open.

The Rio de Janeiro State Lottery (Loterj) has signed a 5-year contract worth 5 million reais (€952,405 / $1 million) with Rede Loto, a company from São Paulo.

Last month, the government took temporary measures to regulate sports betting after a long wait (the initial law was passed in 2018). After being signed by President Lula, these measures will be in effect for 60 days with the possibility of extension for another 60 days.

Perhaps this is just the beginning. There are already grounds to believe that a law regulating casinos and "jogo do bicho" may be voted on very soon.

July

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July

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