Rio de Janeiro begins the process of running sports betting and instant lottery

in Lottery

Loteria do Estado do Rio de Janeiro (Loterj)

The official organization that manages gambling in the state of Brazil, has begun the process of incorporating new gambling products into its portfolio.

The announcement, published in the official Rio de Janeiro bulletin, called for a statement of interest from sports betting and lottery operators looking to take charge of a new industry.

According to BNL Data, this bid is intended to attract companies that can make bets and lottery products both online and in-store. To be able to offer these products, including betting on sporting events, you need to demonstrate their distribution and marketing capabilities.

Loterj evaluates a company’s suggestions and considers how to run marketing campaigns and brand their products. This license is valid for 60 months and is worth about $ 50 million.

After receiving the proposal, Loterj will begin the open bidding process on July 5th with the lowest “overall price” modality. According to the announcement, “Development of technology platforms or digital tools, including physical lottery management, payments, and development of e-commerce capabilities, will be defined by Loterj.”

In addition, one of the requirements for operating sports betting and lottery products in Rio de Janeiro is that international companies must partner with Brazilian entities. In addition, each member of the consortium must submit a separate supplement to demonstrate their ability to meet Loterj’s requirements.

Rio de Janeiro, along with Minas Gerais, was one of the first states to work on a sports betting business and expanded gambling products.The move was prompted by a request by a state adjutant Alexandro Lotti Approves Loterj to operate the sports betting sector.

The project will transfer funds raised in the same system that Loterj currently operates in the lottery, while at the same time establishing that income is subject to income tax, as required by federal law. I am aiming for it.

“This bill is important because more and more gambling sites are operating illegally and hosting data in other countries outside the jurisdiction of the country, even though they operate in Brazil,” Knoploch said. Says.

Earlier this month Roteria Mineira (LEMG) We also announced that we will operate new lottery options such as passive games, number lottery, sports prediction lottery, instant lottery, and fixed odds betting lottery (sports betting).

Currently, Intralot do Brasil Trade in Equipment and Computer Programs Ltda (Intralot), Thorsborg do Brasil Consultoriaem Tecnología Ltda, and International Gaming Technology Brasil Data Services (IGT) – Scientific Games Brasil Ltda are competing for the licenses that LEMG grants to operate them. I have. game.

https://floridanewstimes.com/rio-de-janeiro-begins-the-process-of-running-sports-betting-and-instant-lottery/263941/