In a landmark decision on February 23, the Brazilian Chamber of Deputies authorised up to 31 land-based casino resorts spread across the nation’s 27 states. However, time is running out as the deadline expires at the end of 2022.ĭespite having already approved a law allowing betting on sports, Brazil’s Congress is currently debating legislation that would legalise most other forms of gambling across the country. The FIFA World Cup begins just a few weeks before the 2022 deadline, so officials will want to take all possible measures to put some sort of licencing structure in place so they can profit from the new industry. And Brazil’s Ministry of Economy was given a four-year window to develop a competitive market for both offline and online sports betting, using a licencing or concession system. Also, there are 96 cellular subs per 100 people, thanks to a large section of the Brazilian population (more than 87%) living in metropolitan areas.Ī federal law passed in 2018 recognized fixed-odds betting as a legal lottery activity. This is due to the ongoing digitalization of the country which has an internet penetration rate of 75%, an increase of 10% since 2018. With new online betting rules on the horizon, the estimated Brazil iGaming market size is 2.1b USD and is expected to grow to 2.6 billion by 2026.

The current gambling business market is made up of lotteries and horse racing, as these are the only ones permitted – but even these are limited because of an imbalance between the population and the number of betting shops. Legislation for online and land-based casinos in Brazil In our Brazil iGaming market report, we examine the country in greater detail to show why it represents one of the most exciting futures for the sector. The nation has everything it needs to become a global leader in iGaming, with sports betting becoming legal (but not yet liberalized) in 2018, and new regulations coming soon.

Most gambling activities are currently illegal, but attitudes towards it have changed as Brazil’s political climate has changed.

Latin America’s largest and most populous country, Brazil, is frequently referred to as a sleeping giant in the global iGaming market – one that is about to wake up.

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