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Sao Paulo city government appoints five companies to conduct lottery and sports betting research

PASA News
PASA News
·Mars

On July 3, the Sao Paulo city government approved five companies to conduct research on the implementation of the lottery in Sao Paulo. In April this year, the city government issued Public Tender No. 002 of 2024, inviting different companies to submit reports on scene monitoring and feasibility studies, covering operations, economics and finance, legal supervision, etc., aiming to promote city lottery and gambling activities development.

In launching the tender, the city government emphasized the growth potential of the lottery market and its supporting role in supporting the financing of the city's public policies . After a question and proposal submission phase, the following five companies received approval to conduct the necessary studies:

Big Brazil Tecnologia e Loteria S.A.

BMR Consortium

Cordeiro, Lima Law Firm

Hebara Distribuidora de Produtos Lotéricos S.A.

Pay4Fun Instituição de PayPal S.A.

These companies will have 60 days to complete the research report. The companies will evaluate several lottery models:

Digital lottery: sells items that can be drawn for a lottery. The prizes can be in the form of physical objects or property. The lottery results are determined by the official or by the public administration. Produced by civil charities or sports associations supervised by institutions.

Instant lottery: Instant lottery draws through independent drawable items, and the distribution of prizes is determined in advance by a combination of numbers or symbols.

Traditional lotteries: sales of pre-numbered tickets, in paper (printed) or electronic (digital) form, with a draw date Announced in advance, the list of winners will also be announced.

Sports prediction lottery: Lottery type, bettors predict the results of sports events.

Specific prediction lottery: bettors predict a series of integers and certain football clubs (defined as "favorite teams") As a result, these predictions were detailed in the brochure.

Fixed odds betting: a betting system related to real sports events or online gaming events, as defined in Law No. 14790 .

By the end of June, Mayor Ricardo Nunes submitted a proposal to implement a city lottery project to the City Council, in the first vote Approval. According to Nunes, gross revenue from the sale of municipal lottery products through physical or virtual means is primarily used to pay prizes, collect income taxes on prizes, and finance and maintain expenses.

Lottery proceeds will be distributed to the municipal social development fund (50%) to reduce the social security deficit and pay judicial judgments.

"There is potential to create a municipal lottery service, both to raise supplementary funds to support public policy through lottery revenue, and to provide oversight and control Activities of municipal lottery operators to ensure the safety and benefit of the citizens of São Paulo ”

巴西
巴西
#博娱业#政策分析#产业#法律监管#经济金融#彩票实施研究#城市彩票#公共招标

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