From January to September 2026, Brazil's tax revenue from betting and gambling reached a staggering R$11.116 billion, including proceeds from Caixa lotteries. This figure stands just ahead of the country's impending betting ban, which threatens to disrupt licensed operators and stifle future revenue growth.
On October 22, the Federal Revenue Service reported that collections in September amounted to R$1.206 billion, reflecting a 3.7% increase from R$1.163 billion in August. However, this amount is 7.94% lower than the estimated R$1.310 billion collected in September 2025, encompassing various federal taxes such as Corporate Income Tax (IRPJ), Social Contribution on Net Profit (CSLL), PIS, and Cofins.
September represents the last month licensed betting operators could continue their operations before the implementation of Provisional Measure 1,394/2026. During the first nine months of the year, fixed-odds betting companies contributed R$3.72 billion towards beneficiaries mandated by Law No. 14,790/2023, which supports sectors like sports, tourism, and public security. They also added R$3.14 billion in federal taxes and contributions, according to Marcelo Gomide, coordinator of Forecasting and Analysis at the Federal Revenue Service.
Claudemir Malaquias, who leads the agency’s Center for Tax and Customs Studies, indicated that some revenue from gambling would persist, as the new law does not encompass all categories of betting and lotteries.
Despite surpassing the previous year’s total for the nine-month period, the suspension of fixed-odds betting threatens to undermine expectations for continued success. Analysts at BNL had previously predicted that total annual income could reach between R$14.6 billion and R$15.5 billion in 2026. However, since fixed-odds betting revenue is no longer being reported, this estimate now relies more heavily on revenue from other sources, particularly Caixa lotteries.
The report noted that fixed-odds betting alone generated R$6.86 billion in taxes and contributions in the first nine months. The implications of the betting ban could significantly impact public sector beneficiaries, with BNLData estimating a potential loss of R$18 billion by the expiry of current licenses.
The future of the provisional measure remains uncertain, needing approval from Congress to remain effective while also facing lawsuits challenging the ban in the Supreme Federal Court. Justice Luiz Fux, assigned to the case, is expected to deliver a ruling after the completion of the second round of elections. The September data underscores the critical financial implications as Brazil’s betting policies encounter ongoing contention.
