Citing Regulus Partners' analytical data, IBJR, an institute for responsible gambling in Brazil, has forecast revenue for the local betting sector at $4.139 billion by 2025. The figure, based on the 1st year of official operation, places the country among the top 5 largest jurisdictions in the global bookmaker market.
Key Excerpts from the Report
The assessments of many industry analysts confirm that the national segment boasts significant potential for further growth. The state has already nearly caught up with the 3rd- and 4th-place flagships in the worldwide-scale rankings.
The obvious giants hold the leading positions:
- The US — $17.312 billion.
- The UK — $9.901 billion.
- Italy — $4.617 billion.
In terms of revenue, the wagering vertical of the gambling business in Brazil has already outpaced several major competitors.
The list of countries with lower profits:
- Australia — $3.66 billion;
- Canada — $3.0 billion;
- France — $2.89 billion;
- the RSA — $2.52 billion;
- Germany — $1.9 billion.
Experts highlight multiple factors that have driven this Latin American sector’s rapid growth on an international scale.
Key reasons include the following:
- changing social attitudes during the 2019−2020 pandemic;
- widespread adoption of the Pix financial service, which simplified and accelerated niche payments;
- development of a regulatory framework that strengthened requirements for security, transparent practices, and responsible play.
Comments of Industry Experts
Professionals related to the gambling sphere have voiced their insights on Brazil’s achievement:
- Bernardo Cavalcanti Freire. ANJL’s legal advisor said the state possesses significant economic advantages. The newly implemented betting oversight has notably solidified the country’s position on the global map. Such a sector creates jobs, generates tax revenues, and supports local sports, benefiting the nation.
- Alex Rose. InPlaySoft’s Chief Executive added that the market is still in its early stages of development, but it has all the conditions for sustainable growth. The cross-border community is watching the ascent of this legalised space with keen attention and high expectations.
- Nickolas Ribeiro. Ana Gaming’s Chairman emphasised that the results of the 1st year confirm the Brazilian vertical’s ability to operate using modern technologies and «white» approaches comparable to those in the US and UK.
- Rafael Borges. The Chief Executive of Reals elaborated on his colleagues' thoughts. The expert believes the jurisdiction is a new, emerging ecosystem that is already being considered as a great example for South American markets.
- Vitor Silveira de Andrade. 1PRA1's Chief Administrative Officer said the progress is the result of creating a more secure and transparent regulatory environment and investing in tech, innovation, and responsible measures. The state has every chance to become a new global benchmark for effective supervision.
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