Brazil’s licensed operators have reported combined gross gaming revenue (GGR) of BRL17.4bn (£2.4bn) for the first six months of 2025.
Since Brazil’s regulated online sports betting and igaming market went live on 1 January, 17.7 million Brazilians placed a bet among the country’s population of 212 million.
According to a report released by Brazil’s gambling regulator the Ministry of Finance’s Prizes and Betting Secretariat (SPA), the bets were placed with the 182 licensed sites operating in the market, which are run by 78 operators.
May was the most fruitful month for operators, with BRL3.5bn in GGR recorded. The market had a slower start to life in its first three months due to re-registration issues and the domestic football season not kicking off until March.
The report also broke down the key demographics for bettors in the Brazilian market.
The data showed that 71% of bettors are men, with women making up the remaining 29%. In terms of age, the 31-40 bracket was the most populous, accounting for 27.8% of the market. Average spending per customer was BRL164 a month.
Since January, operators have paid taxes of BRL3.8bn to the state, in addition to BRL2.2bn in licensing fees and BRL50m in inspection fees. Operators are subject to a 12% GGR tax rate in the market.
The regulator’s attempts to combat the illegal market were fruitful, with 15,463 pages taken down in six months by Brazil’s national telecommunications agency, Anatel.
Those efforts extended further, with 24 financial and payment institutions making 277 reports of suspicious financial activity from black market companies to the SPA.
This led to 255 individuals and 45 businesses having bank accounts closed due to their involvment in illegal betting activities.
A study published by the Instituto Locomotivia in June found 73% of players had admitted to betting with at least one black market website this year.
In an attempt to police illegal gambling advertising on social media the SPA presided over 120 cases, which led to the removal of 112 influencer pages and 146 other posts.
During H1, the SPA signed an agreement with the Brazilian Digital Council that would see the two bodies collaborate to prevent, detect and remove gambling-related content that violates national legislation.
Regis Dudena, head of the SPA, said: “This report is crucial for regulation. It provides concrete data on regulatory action, addressing topics such as oversight and control, as well as initial figures that reflect reality, not just estimates.
“From here on, the debate on the fixed-odds betting market in Brazil can be conducted with even more solid elements, enabling us to advance evidence-based regulation.
“Our goal is, from now on, to periodically disclose the SPA’s activities and the evolution of the fixed-odds betting market in Brazil, fulfilling this government’s commitment to transparency and, above all, reporting to society regarding the responsibilities of the state and private actors.”
The Brazilian market could be hit by regulatory headwinds later this year however, with plans to up the GGR tax rate to 18%. A bill has also been submitted which would raise the minimum age to gamble to 21 and implement a host of restrictions on marketing.
The post Brazil’s operators generated more than £2bn in GGR in first six months of regulated market first appeared on EGR Intel.
Figures released by the country’s Ministry of Finance show more than 17 million players placed bets during H1, with average monthly spend at BRL164
The post Brazil’s operators generated more than £2bn in GGR in first six months of regulated market first appeared on EGR Intel.