DOM 5 DE MAYO DE 2024 - 04:46hs.
Alexandre Manoel, SEFEL/MF Secretary

"Fixed-odds sports betting broadens the market generating jobs, income and resources"

Following the signing of PM 846 that legalizes sports betting by President Michel Temer in Planalto, the Secretary for Fiscal, Energy and Lottery Monitoring of the Ministry of Finance, Alexandre Manoel, expressed his satisfaction in Linkedin: 'As a citizen , more than as executive of the public sector, I was very happy even to have participated in the construction of this law.'

Manoel participated in the public hearing on October 30, promoted by the joint committee of the provisional measure where the guests made some suggestions and defended the PM, which regulates the transfer of funds from lotteries to areas such as public safety, sports and culture and legalizes bets on fixed-odds or sports betting.

The secretary highlighted the social purpose of lotteries. He said that lotteries move close to 0.2% of gross domestic product (GDP), which is between US$3.6 and US$ 3.85 billion. According to the secretary, the amount collected by the lotteries is divided between the winners of the contest, the lottery operator and the social beneficiaries.

Hence the importance of the PM, which consolidates the rules of distribution of collected values. He said that there are currently at least 15 laws regulating federal lotteries. "This PM is important for the Ministry of Finance and for society, as it allows the standardization of the legal base and gives more transparency, making clear the social benefits," said Manoel.

In his Linkedin account and just after President Temer signed the PM, Alexandre Manoel wrote:

As a citizen (more than as a public sector executive), I was very happy to have participated for basically three reasons:
 
1) expansion of resources for our weakened Public Security;
 
2) unification of the legislation that distributes the lottery collection - there were 15 scattered rules, with a basis of calculation of collection that varied from 105% to 115%, being necessary rule of three for the distribution of resources, so that few understood;
 
3) the creation of the "Fixed-odds Sports Betting" modality, allowing the expansion and completeness of the lottery market in Brazil, with more jobs, income and generation of funds to finance public safety and sports throughout the national territory!
 
Congratulations to those involved, especially to Sefel / MF colleagues!
 
Let's move on.

Source: GMB