A new law passed in December 2018 means both retail and online sports betting is set to be regulated in Brazil over the next few years, establishing a major new market depending on the specific terms of the regulatory regime to be drawn up by the country's Ministry of Finance.
Meanwhile, close attention continues to be paid to efforts in Brazil's Congress to regulate casino-resorts, bingo halls, online gaming and even 'jogo do bicho’ numbers games, as Brazil departs from its long-held status as a sleeping giant of the global gambling industry.
See below for GamblingCompliance's coverage of gambling expansion in Brazil.
Insight & Analysis
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GamblingCompliance estimates that the regulated Brazilian sports-betting market will be worth just over $1bn in annualised gross revenue within five years of opening, subject to the introduction of a competitive licensing regime for online betting.