Last updated on: 15.12.2023
Annually, industry specialists in iGaming keenly observe shifts in the global landscape, with newly regulated markets presenting significant opportunities for seasoned operators and emerging entities. The most notable development in 2023 has been the regulation of sports betting in Brazil, positioning it as one of the premier regulated markets globally.
Historically recognized as one of Latin America's "sleeping giants" due to its vast population (exceeding 214 million) and a thriving, expanding economy, Brazil's emergence in the iGaming arena is well-merited.
While online sports betting is prevalent in Brazil, it's intriguing to note that there aren't any legitimate Brazilian online sportsbooks. Bettors should exercise utmost caution since numerous platforms posing as Brazilian sportsbooks are unauthorized and potentially hazardous.
Brazilian sports betting enthusiasts often turn to international avenues to identify a credible sportsbook that ensures their safety. Presently, 462 international sportsbooks are open to Brazilian bettors, with over 30 of them providing support in Portuguese.
The recommended legal sportsbooks available to players in Brazil include, for example, MyBookie and BetOnline. Regrettably, Bovada is not accessible in Brazil as it exclusively serves American players. For assured and reliable sports betting in Brazil, we recommend opting for one of the sites mentioned above.
Sports betting in Brazil has seen a surge in popularity, with several legal sportsbooks offering their services to Brazilian players. Local bettors are advised to choose platforms that are accessible and cater to their betting needs, ensuring a seamless and confident betting experience.
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 2004 prohibition. The lottery, introduced in 1969, is managed by Caixa and linked to the Ministry of Finance.
The 1946 decree, of course, didn't address online gambling. However, the law's applicability to foreign online operators without a local presence remains unclear. The betting app Wanna, targeting Brazil since 2020, operates within this uncertainty. Yet, the 2014 Brazilian Internet Legal Framework empowers authorities to block and penalize operators interfacing with Brazilian Internet service providers.
However, public sentiment is ever-changing, and perceptions of gambling have evolved. Sports betting was legalized in 2018, with further regulations introduced in 2023. Boasting a vast population, a genuine love for sports, and extensive internet access, Brazil possesses all the hallmarks of an iGaming hub.
Brazil's Chamber of Deputies has approved a revised gambling regulation act. This permits online gaming and omnichannel betting, prohibits bonuses, and shortens the US $6m license duration to three years from five. Taxes will be around 30% of revenue, with an additional tax on player winnings exceeding US $400.
The inclusion of online gaming addresses concerns that excluding it would have fostered a significant black market. However, the regulation retains problematic elements. The 30% tax on winnings above US $400 is particularly burdensome for online gaming. High-value customers might be deterred, potentially reducing the existing market by 30-50%. The regulation also inadvertently boosts the black market by banning bonuses, requiring locally approved payment options, and setting a high annual license fee of US $2m.
Online gaming has potential, especially if it taps into the estimated US $10bn illegal market. Yet, the likely beneficiaries are local businesses expanding into gaming, not existing operators transitioning to a licensed system. There's uncertainty regarding state-led licensing options, which could exploit a federal loophole. While the inclusion of online gaming is positive for some, the clarity it brings is chaotic. A dominant local player might emerge, similar to Tipico in Germany, overshadowing others in this complex market.
The COVID-19 pandemic delayed several gaming regulation efforts. While legislation for fixed-odds sports betting was close to passing, year-end timing and the presidential election caused delays.
In 2022, discussions centered on gambling regulation primarily to boost government revenue and fund COVID-19 recovery efforts. Consequently, Law No.14,455 was enacted on 21 September 2022, introducing temporary lotteries to support the health and tourism sectors.
Bill No. 442/1991, approved on 23 February 2022, proposes viewing gambling not as a public service but a standard economic activity. This would encompass casinos, bingo, video bingo, jogo do bicho, horse-race betting, and online gaming. However, some betting forms, like pari-mutuel, remain undefined.
On July 24, 2023, a pivotal legislation, Provisional Measure No.1,182/2023 (“Sports Betting PM”), was enacted in Brazil, significantly amending the Law No. 13,756/2018 (“Sports Betting Law”). This legislation provides a definitive legal framework for entities providing sports betting services in both online and offline domains.
Despite the absence of federal regulations, states are advancing with lottery games and sports betting, deemed legal by the federal government.
Yes, of course, sports betting is legal in Brazil; however, players should understand that the country has far tighter restrictions than most. The good thing about tighter online gambling regulations is that players enjoy a fair and safe experience.
Several of the biggest, most popular sports betting sites accept players from Brazil. This includes many UK-owned sites, as well as MGA-licensed sportsbooks, with an excellent reputation. Many of these MGA operators are actually Swedish-owned.
Yes, there are many online gambling games available to enjoy legally in Brazil in addition to sports betting. It is perfectly legal to play casino games such as slots, roulette, baccarat, and online poker as well as bingo, scratch cards, and lottery games.
Players in Brazil can bet on all major global sports, including soccer, tennis, basketball, and Esports. However, many SWE betting sites additionally offer the chance to bet on some regional sports like handball, trot racing, floorball, and winter sports.
Players can expect to find the same betting types in Brazil as in the USA and online wagering markets will also be similar to those available at a retail sportsbook. This includes a good choice of standard and live betting options.
Yes, many major betting sites, alongside the state-owned Svenska Spel, offer mobile apps to players in Brazil, and thus players can make a wide range of sports bets from these apps as well as wager live during a match or event.