Brazil’s Online Casino Market Prepares for 2025 Launch
Key Takeaways:
- Ministry of Finance begins authorizing initial applicants, with 16 already paying fees totaling R$480 million.
- Market expected to generate $21 billion in revenue by 2025, driven by regulated sports betting and casinos.
- Focus on consumer protection, AML measures, and responsible gambling in the four-stage review process.
Brazil's regulated online gambling market is gearing up for its official launch on January 1, 2025, with the Ministry of Finance's Secretariat of Prizes and Bets (SPA) initiating the authorization process for the first 71 applicants. Regis Dudena, SPA Secretary, confirmed that companies have 30 days to meet final requirements, including license fees, with 16 operators already contributing R$480 million (US$81.1 million).This structured rollout follows years of legislative progress, aiming to transition from a largely unregulated environment to one emphasizing security, online casino payment integrity, and player safeguards. The market is forecasted to reach R$120 billion in 2025, reflecting a 71% growth in sports betting from 2020-2023 and rising interest in online casinos.
The four-stage review ensures compliance with anti-money laundering protocols, game regulations, and responsible gambling standards, positioning Brazil as a major Latin American hub. Projections indicate $3.5 billion in taxes by 2025, boosted by high internet access (92.5% of households) and a passion for football betting. Online casinos are expected to drive 38% of gross gaming revenue growth, with the segment rising from $1.11 billion in 2024 to $1.61 billion by 2028. This development attracts global operators while addressing illicit activities, fostering economic benefits and a safer gaming landscape.
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