The Union's collection of taxes and other revenues reached a record for the month of November, reaching R$ 226.75 billion (US$40.5bn), according to data released this Monday (22) by the Federal Revenue Service. Compared to the same month last year, the result represents a real increase of 3.75%, that is, considering inflation, in values ??corrected by the Broad National Consumer Price Index (IPCA).
From January to November 2025, the Brazilian government collected R$ 8.82 billion (US$1.57bn) from ‘Bets’. In the last month, R$ 852 million (US$152 million) entered public coffers, compared to R$ 13 million (US$2.33 million) in November 2024, before the formalization of the sports betting and online gaming sector. Year-to-date, government revenue grew by 14,000% compared to the same period in 2024.
The results from January to November were positively influenced by several macroeconomic variables, due to the behavior of productive activity, mainly services; the increase in IOF (Tax on Financial Operations); the good performance of social security contributions, especially due to the increase in the wage bill; and the increase in PIS/Cofins (Social Integration Program/Contribution to Social Security Financing) revenue due to the performance of financial institutions and the taxation of ‘Bets’.
The head of the Tax and Customs Studies Center of the Brazil’s Federal Revenue Service, Claudemir Malaquias, said this Monday (22), when commenting on the results of the period, that the impact on revenue from the increase in fintechs, bets and JCP (Interest on Equity) will be evaluated from 2026 onwards.
He highlighted that the new contributions have a ninety-day effect and the effect will only be felt within 90 days. In the case of ‘Bets’, whose increase in the tax on GGR will only be valid from March. "The impact on revenue will be evaluated now from the beginning of next year," he said.
In the case of ‘Bets’, which currently pay 12%, there was an increase in taxation to 15%, in a staggered manner, in 2026, 2027 and 2028. The increase is due to the reduction in the percentage that remains with sports betting and online gaming houses to cover operating expenses. Today that percentage is 88%, with 12% being transferred to the public sector.
Source: GMB
