Brazil
Author: Damon Jackson
Last Updated: 20 November, 2024
After the latest legislation update in December 2023, all operators must acquire a gambling license from Brazil's Ministry of Finance to offer fixed-odds sports betting services for Brazilians. As we still wait for the online sports betting market to launch, over a hundred gambling operators have expressed their interest in obtaining such a license.
This means that Brazilian sports bettors will have a vast selection of wagering apps once the market launches officially.
🇧🇷 Legal sports betting apps in Brazil:
18+. New customers only. T&Cs apply. Minimum deposit is R$10. Wagering requirement: 5x (bonus + deposit). Wagering must be made with the odds of 1.50 or higher. Please gamble responsibly.
18+. New customers only. T&Cs apply. Minimum deposit is R$50. Rollover requirement for bonus is 40x. Free bet can be used on an accumulator bet, with odds of 1.3 or more. Please gamble responsibly
18+. New customers and casino only. First deposit is matched as a bonus money up to R$2000. Wagering requirement is 35x.
18+. New customers only. Deposit at least R$50 and place any bet with odds 1.70 or higher. You can redeem 5 free bets by depositing R$250 (5xR$50). Free bets must be used with odds between 1.50 and 3.00. Rollover requirement for each is 10x.
18+. T&Cs apply. Please gamble responsibly.
18+. New customers only. T&Cs apply. Make a first deposit (at least R$10) and place a bet worth at least 50% of the deposited amount with odds 1.3 or higher. Get a 100% matched free bet. You can do this 5 times within 24 hours from the previous one.
18+. New customers only. T&Cs apply. Any winnings from free bet are subject to 1x rollover. Please gamble responsibly.
18+. New customers only. Minimum deposit for bonus is R$100. Free bets are credited once bonus wagering requirements are met. Please gamble responsibly.
18+. New customers only. Minimum deposit is R$5. Wagering requirement is 5 times with odds of 1.40 or higher. Please gamble responsibly
18+. New customers only. T&Cs apply. Minimum deposit: R$30. Must be wagered 50x with minimum of 10 valid bets. Please gamble responsibly.
18+. New customers only. Free bet is worth R$65 if the deposited amount is less than R$625. If it's more, the free bet is worth R$125. The bonus must be wagered 15 times with odds of 1.8 or greater. Please gamble responsibly
18+. T&Cs apply. Please gamble responsibly.
18+. New customers only. T&Cs apply. Minimum deposit R$30. Must be wagered 15 times on Football bets with odds of 2.00 or greater. Please gamble responsibly
18+. New customers only. T&Cs apply. Minimum deposit is R$20. Rollover has minimum odds of 1.50. Please gamble responsibly
18+. New customers only. T&Cs apply. Use the code "C100". Minimum deposit is R$25. Bonus must be wagered on selected slots 55 times. Please gamble responsibly.
18+. New customers only. T&Cs apply. Minimum deposit: R$30. Rollover requirement is 10x with odds of 1.40 or greater. Please gamble responsibly.
18+. T&Cs apply. Please gamble responsibly.
18+. T&Cs apply. Please gamble responsibly.
18+. New customers only. T&Cs apply. Rollover requirements is 35x with maximum stake of 5€ or equivalent in local currency. Please gamble responsibly.
18+. New customers only. T&Cs apply. Minimum deposit: R$20. First deposit: 100% / R$1000. Second: 75% / R$1000. Third: 50% / R$2000. Rollover: x30 (sports 400% volume). Only pre-match sports with odds of 1.35 or greater. Please gamble responsibly.
Online sports betting in Brazil
In the 1920s and 1930s, Brazil's casino industry flourished, with Rio's opulent casinos drawing global visitors. Yet, due to opposition from numerous religious and conservative Brazilians, gambling was banned abruptly in 1946 by a presidential decree. Exceptions existed: horse race betting persisted under state control, poker was deemed a skill game, so it remained legal, and bingo, due to a loophole, was legal until its prohibition in 2004.
The lottery, introduced in 1969, is managed by Caixa and linked to the Ministry of Finance. However, until 2018, Brazil’s gambling laws didn't address online sports betting or gambling in any way. In 2018, legislation labeled Law No. 13,756/2018 legalized online and in-person fixed-odds sports betting in Brazil, but at this point, the market was not yet regulated. This resulted in the aggressive expansion of globally recognized and well-known online sportsbook brands within the country.
The most critical milestone in this field happened in December 2023, when Brazil's president, Luiz Inacio Lula da Silva, signed the country’s new gambling bill into law. With this legislative change, all sports betting and gambling operators must apply for a license to offer their services within the Brazilian market.
A recent report by Vixio Regulatory Intelligence outlines the promising future of online gambling in Brazil. It predicts that the iGaming sector could generate $3.7 billion within three years of operation, with projections soaring to $4.9 billion by the fifth year. Therefore, it’s quite clear what all the fuss is about when it comes to betting being legalized in this part of the world.
With Brazil gearing up for regulated sports betting, joining the International Betting Integrity Association (IBIA) is a prerequisite for licensed operators to ensure integrity monitoring. This has prompted several new entrants to join the association, and some of the latest IBIA members include the KTO sportsbook, Galera.bet, and eSports betting specialist Oddin.gg, just to name a few.
Sports betting legislation in Brazil
| Is online sports betting legal in Brazil? | Yes |
| Is in-person sports betting legal? | Yes |
| Is daily fantasy sports legal? | Yes |
| Is horse racing betting legal? | Yes |
| Is political betting legal? | Yes |
| Is eSports betting legal? | Yes |
| How many legal sports betting apps are there in Brazil? | 30+ |
| Legal age for sports betting in Brazil? | 18+ |
| Brazil's tax rate for betting/gambling winnings | 15% |
| Who regulates sports betting in Brazil? | Ministry of Finance |
In-person and online sports betting have been fully legal in Brazil since the 2018 legislation update. After the country started regulating its gambling market, the landscape is much more transparent regarding what you can wager on and where to place sports bets. In a nutshell, there aren't really any betting markets that are prohibited, and after the most recent gambling law change, most forms of fixed-odds betting, including horse race wagering, are available for Brazilian sports fans aged 18 or over.
Fantasy sports are also legal in Brazil but remain unregulated despite the latest law update, meaning Fantasy sports providers do not require licenses to operate in the Brazilian market.
However, all gambling operators wanting to offer Brazilians real-money betting services must obtain a license from the country's finance ministry. Each license runs for five years, costs the operator BRL 30 million ($6.1M), and includes operational permits for up to three brands. In addition, according to the latest gambling bill, all licensed operators would be subjected to a 12% tax rate, while player winnings would be taxed at 15%.
Sports betting & gambling news and updates from Brazil
November 12, 2024: Brazil's parliamentary inquiry commission (CPI) on betting was established on 12 November to address concerns about the social and economic effects of gambling ahead of the legal market launch on January 1, 2025.
November 11, 2024: Brazil's National Association of Games and Lotteries (ANJL) warns that black market gambling could rise if the Supreme Court overturns the country's sports betting law. The Federal Supreme Court is reviewing the constitutionality of Law No. 14,790/2023.
November 8, 2024: As Brazil's legal betting market nears its January launch, at least 20 operators, including Betway, have withdrawn their license applications. Notable exits also include Arena Esportiva, AmuletoBet, and Vera&John, reducing the total applications from the previous total of 273.
November 4, 2024: Brazil's Ministry of Justice asks 17 betting operators, including Betano, Betfair, and local brands like BetNacional and EstrelaBet, to clarify their consumer protection measures, advertising practices, bonus policies, and safeguards for minors. Operators must respond by 11 October.
October 30, 2024: Brazil's Ministry of Finance announced a five-year partnership with four organizations to combat match-fixing. Drawing on expertise from markets like England and Australia, the collaboration will enhance sports integrity and educate officials ahead of the country's legal sports betting and iGaming launch on January 1, 2025.
October 23, 2024: Brazilian senator Sérgio Petecão proposes Bill 4.031/2024 to ban online sports betting, citing concerns over mental health and financial debt. The initiative comes just months before the licensed market's planned launch.
All legal gambling options in Brazil
| Are online casinos legal in Brazil? | Yes |
| Are retail casinos legal? | No |
| Are social casinos legal? | Yes |
| Is online poker legal? | Yes |
| Is the lottery legal? | Yes (restricted) |
After a back-and-forth battle, iGaming was also added to Brazil's latest gambling bill, which President Lula approved. This move means that online casinos fit in the same regulatory framework as sports betting operators, and therefore, such activities are now fully legal in the country as well.
Despite the new legislation, land-based casino gaming is still prohibited, so such establishments cannot be found within the country. However, the story is different regarding poker, as in-person and online poker are legal in Brazil since poker is considered a game of skill rather than a game of chance.
Social casinos are also legal in Brazil but are currently unregulated. Regarding lotteries, only the ones under the state monopoly are legal.
Brazil - Some commonly asked questions (FAQ)
What is the current legal status of sports betting in Brazil?
While online and mobile sports betting has been legal in Brazil for years, the fully regulated online gambling market will launch in the country in 2025. This means all sportsbook operators must acquire a license to operate in the Brazilian market.
What impact has legalized sports betting has had on Brazil's economy?
Based on estimation, the regulated Brazilian online sports betting and gambling market can become one of the largest in the world, and it could rake up $4.9 billion in revenue yearly within just five years.
What sports do Brazilians bet on the most?
Soccer, nationally known as futebol, is by far the most wagered sport in Brazil, as over 80% of all bettors reportedly place bets on it. Basketball (33%), eSports (29%), and MMA (23%) receive the next most bets in Brazil.
Who is the highest-earning Brazilian sports star?
After signing the most lucrative contract in the Saudi Pro League history, Neymar jumped to 7th place on the Forbes 2024 list of the world's highest-paid athletes with $108M total earnings ($80M salary and $28M endorsements).
