The Rio de Janeiro State Lottery (Loterj) has become the first state lottery in Brazil to issue a tender for sports betting.
Awarded to São Paulo-based Rede Loto, the five-year tender permits the operator to offer online sports wagering in the country.
Loterj said that the new tender is worth R$5.0m (£819,520/€952,405/US$1.0m).
“Since I took over the management in July last year, I had the objective of publishing the accreditation notice for sports betting; we achieved more than that,” municipality president Hazenclever Lopes Cançado said.
“We have the first company accredited and ready to operate in our country. I appreciate the unconditional support of the governor, Cláudio Castro, and the secretary of the civil house, Nicola Miccione, who believed in the project.”
Loterj added that the approval should encourage that other interested parties to register and also gain accreditation for sports betting.
The tender comes ahead of the expected federal regulatio..