Daily Archives: May 12, 2023

Brazil on the brink of sports betting regulation

Brazil’s government has launched a provisional measure for sports betting, in a move that marks the end of a 20-year wait period for the country.

The provisional measure (PM) was adopted by Brazil’s president, Luiz Inácio Lula da Silva and signed by the ministries of finance, planning, management, health, tourism and sports.

Once signed by President Lula, the PM will be published by Brazil’s government and will be enacted for an initial maximum period of 60 days, before it can be extended for another 60 days.

What are the measures?

A 16% tax on gross gaming revenue (GGR) will be payable by licensed operators. Percentages of this will be distributed to public health initiatives and anti-match-fixing initiatives.

In total, 2.5% will be given to the National Fund for Public Security. Elsewhere, 1.6% will go to sports clubs and 10% to social security. The ministry of sports will receive 1% and education initiatives 0.8%.

Players will be subject to 30% income tax on winnings, which wi..

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Iowa sports betting handle continues to decline in April

Iowa experienced another year-on-year drop in sports wagering handle in April, although the state was able to report an increase in revenue.

Consumers spent $172.6m betting on sports during the month, down 2.7% from $177.4m in April 2022 and also 25.8% behind the $232.6m wagered in March of this year.

Of this total, $157.5m was wagered online, while the remaining $15.1m was bet with retail sportsbooks across the state.

Read the full story on iGB North America

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Texas House clears online sports betting amendment bill

The Texas House of Representatives has voted through a constitutional amendment bill that would allow voters in the US state to legalise online sports betting.

HJR 102 cleared the House by a vote of 101-42 yesterday (11 May) and will now progress forward to the state’s senate for further debate.

Should it pass into law, the constitutional amendment itself would not legalise wagering, but would permit a state-wide vote to be held on the issue. This would take place at an election on 7 November this year.

Read the full story on iGB North America

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English FA charges Accrington player over betting breach

The English Football Association (FA) has charged Accrington Stanley player Mitch Clark with a breach of its betting rules.

According to the FA, Clark placed 312 bets on football matches between 8 February 2022 and 10 March 2023.

This, the FA said, was in breach of Rule E8 on betting, which bans any player, match official and coaches from level eight and upwards in the English football pyramid from placing bets on games anywhere in the world.

As such, the FA charged Clark with misconduct, giving the defender until 17 May to issue a response.

Clark plays for Accrington Stanley, which was relegated from League One, the third tier of English club football, in the 2022-23 season. He was with the club for the entire period in which he placed the bets.

Prior to joining Accrington in the 2021-22 season, Clark played for Port Vale, while he also had spells with the youth teams of both Aston Villa and Leicester City.

Clark is the latest professional player to face betting charges from th..

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