Rio de Janeiro’s state lottery, Loterj, has announced reopening its gambling licensing program. Operators can now apply to the agency responsible for administrating, managing, and supervising gaming and wagering in the region.
The new accreditation period started on September 5th and lasts 15 days.
More About the Licensor’s Proposal
The legalisation program was reopened immediately after the agency withdrew its appeal against Rio’s Federal Regional Court ruling.
Let us recall that this institution had previously issued a decision obliging Anatel, a national telecommunications company, to block the websites of all unlicensed operators. The ruling also affected studios that had already applied for a document but had not yet received a response to their request.
The court extended the transition time for brands wishing to obtain federal permits until January 1st, 2025.
Benefits of Loterj’s Licences
The certification program from Rio’s operator looks more attractive to investors than a similar offer within the governmental system.
Benefits of cooperation with Loterj:
- the total cost of the document — BRL5 million (about $ 1 million);
- the permit’s validation period — 5 years;
- a reduced tax rate on gross income (GGR);
- less strict requirements for compliance with responsible gaming principles.
The federal licence is significantly more expensive, reaching BRL30 million, and implies more severe regulation.
Loterj’s representatives claim that their offer is not only more beneficial for operators but also significantly contributes to the development of social initiatives in Rio.
Some of the well-known brands operating under the State Lottery’s certification:
- Pixbet;
- Caesars Sportsbook.
Legal Wrangling Over Regulation
The more lenient conditions for gambling enterprises have caused much controversy within the government apparatus. For instance, the IBJR criticised Loterj’s policy, accusing it of exceeding its authority and violating the law. According to the Institute, the operator’s licensees gained access to the national market by circumventing the federal program that had not yet been launched.
In an April statement, the IBJR’s members said that the Rio lottery’s actions are creating confusion in the industry and are detrimental to global regulatory protocols.
Despite the legal issues, Montgomery & Associados noted that Loter’s proposal is of continued interest to operators. Resolving all difficulties and obstacles may take a long time. Nevertheless, the association underlined that this licensing program has already shown great potential and may provide the expected profits for applicants.
At the Casino Market studio, you can learn more about the situation in the iGaming segment and order the development of a turnkey gambling business in Brazil or other countries.
We offer convenient and profitable solutions for a quick project launch. Feel free to contact us if you are ready to initiate a fruitful partnership with a leading aggregator.
Have questions or want to order services?
Contact our consultants:
- e-mail: manager@casino-market.com
- Skype: support.casinosupermarket
- feedback form.
Check the information used to contact us carefully. It is necessary for your safety.
Fraudsters can use contacts that look like ours to scam customers. Therefore, we ask you to enter only the addresses that are indicated on our official website.
Be careful! Our team is not responsible for the activities of persons using similar contact details.
