According to the analysis, the sector has not caused a debt crisis, accounting for only between 0.2% and 0.5% of household consumption and 0.1% to 0.3% of the national GDP. Brazilian families spend around 30% of their income paying off debts — and this figure does not include current housing costs. What is the impact of sports betting on that percentage? LCA Consultoria Econômica conducted a study that answered this question: the impact is less than 0.5%.
This means that the main difficulty Brazilians face in reducing debt-related expenses is due to other factors, such as the high interest rates charged by banks, says André Gelfi, director and co-founder of IBJR. “The formal financial system charges interest rates as high as 451%…