Is the online gambling industry booming in Brazil? Let's take a gander!
Unfortunately, specifics about the Brazilian market are rather scarce, but here are some tidbits we found!
Over two thousand gambling businesses are registered in Brazil, yet fewer than 4% hold legal licenses.
According to BigData Corp, a respectable 69 taxpayers are legally kicking it in Brazil, endorsed by a whopping 153 brands and 149 sites on the ".bet.br" domain, according to Yogonet.
Meanwhile, the number of simply registered companies has jumped an impressive 150% over the last three years. These businesses collectively possess a total equity capital of approximately $2 billion, averaging around $850,000 per company. However, snagging a license alone will set you back a hefty $5.3 million.
Intriguingly, many operators are now considering a white label approach, where they organize their activities under the brand of a licensee.
But, let's pump the brakes for a sec and take a loopy look at the broader picture!
The global online gambling market is forecasted to skyrocket to a staggering $169.22 billion by 2030 (!!), growing at a compound annual growth rate (CAGR) of 10.44%. Sports betting contributes a significant portion of this revenue, reaching an impressive $77.21 billion by 2025, with projections for a CAGR of 5.30% for 2025–2029. By 2030, sports betting could top out at a whopping $187.39 billion, growing at a CAGR of 11%.
The U.S. market is also on a roll, with legal sports betting handle—the total sum wagered—crossing the $150 billion mark in 2024. Sports betting continues to be one of the fastest-growing businesses in the country in terms of revenue.
Driving this growth? Cutting-edge technology, evolving legislation, a wide range of betting options, and innovative products. For example, AI, blockchain, mobile betting, live streaming, and even eSports are attracting hordes of new customers.
So, while we may not have the precise details for Brazil, it's clear that the online gambling industry is expanding across the globe and in the United States in a big way. To get country-specific deets, like the exact number of taxpayers, brands, sites, and total equity, hit up national regulatory authorities or industry-specific reports. The U.S. and Europe are shining examples of heavily regulated, booming markets.
Now, isn't that a lovely little gamble? Keep your eyes peeled for more action!
- The online gambling industry in Brazil is supported by 153 brands and 149 sites on the ".bet.br" domain, as reported by Yogonet.
- The number of companies in the business of online gambling in Brazil has increased by 150% over the last three years.
- These online gambling companies collectively possess a total equity capital of approximately $2 billion, averaging around $850,000 per company.
- Obtaining a license for online casino-and-gambling businesses in Brazil costs a hefty $5.3 million.
