Story preview
Topics in this story
Continue reading on the publisher site for the full article.
Read on publisher →Sports Business Journal
News Atlas is free and independent. If it’s useful to you, you can support it with a coffee. ☕ Buy me a coffee
Coverage
Tone
Outlets covering it
3
in the last 3 days
First reported
2 days ago
1 outlets since
Countries
2 other outlets reported this story in the last 3 days.
Brazil’s government abruptly banned online betting ahead of the Oct. 4 election, aiming to curb family debt, jeopardizing about $191 million in annual sponsorship revenue for soccer clubs and reversing prior legalization and regulation.
Brazil’s online betting ban has left soccer clubs confronting their dependence on gambling money. Behind warnings of financial collapse lie concentrated revenues, continental ambitions and a humbler problem: jerseys already made, contracts already signed and bills that keep coming due.