Bets begin informing banks about R$1.3 billion to be returned

Online betting companies authorized to operate in Brazil begin this Wednesday (7) to inform banks of the balances still in bettors' accounts. In total, R$1.325 billion from around 26.5 million people awaits return after the end of betting operations in the country.

The data, separated by Individual Taxpayer Registration (CPF) and linked to the bank account used for deposits, must be sent by the platforms by Thursday (8). With this information, financial institutions will have to return the amounts from October 9th to 14th.

See the numbers

R$1.325 billion still awaits return;

26.5 million bettors have a balance on the platforms;

86.2 million accounts have less than R$1;

R$15.5 million are in these accounts with a balance between R$0.01 and R$0.99;

188 legalized websites had their authorization canceled;

13,241 illegal websites were sent for blocking.

How will the return be

Banks must transfer the amounts directly to the accounts used by bettors to make deposits on the platforms.

The schedule defined by the government establishes:

October 7th and 8th: bets sends balances via CPF and bank details to banks;

October 9th to 14th: banks refund bettors;

October 14th onwards: amounts that cannot be returned are sent to Caixa Econômica Federal;

after transfer to Caixa: the institution is responsible for completing the refund.

The deadline for voluntary withdrawals directly from the platforms ended at 11:59 pm on Monday (5).

Balance pulverized

A large part of the amounts not yet withdrawn are concentrated in accounts with very small amounts.

According to the government, 86.2 million accounts have balances between R$0.01 and R$0.99. Together, they total R$15.5 million.

The number of accounts is greater than that of bettors because the same person can be registered on more than one platform.