Brazil Online Gambling Market

Brazil Online Gambling Market Size Insights Forecasts to 2035

• Brazil Online Gambling Market Size 2024: USD 1502.3 Mn
• Brazil Online Gambling Market Size 2035:  USD 5608.4 Mn
• Brazil Online Gambling Market CAGR 2024: 12.72%
• Brazil Online Gambling Market Segments: Type, and Device

The Brazil Online Gambling Market Size includes all forms of gaming and betting that occur via the Internet. Types of online gambling are sports betting, casino games and other forms of wagering using an Internet-connected device. An online gambling site enables anyone with internet access to place a monetary wager on the results of a sporting event, play casino games and take part in other real-money competitions. The online gambling sector has been developed using the latest in real-time betting technology, including mobile applications and digital payment options, heavily regulated with respect to responsible gambling and anti-money laundering by international regulatory agencies.

 

The online gambling in Brazil are backed by government support, including the framework for online gambling under proper regulation, via the Secretary for Prizes and Betting. The framework allows the Secretary to issue licenses to operators as well as set the rules and regulations KYC, taxes, and operation of operators. Brazil’s online gamblers placed an estimated R$30 billion in wagers last month, according to statistics from the country's Central Bank, depicting a level of activity, scale of revenue, and need for a stronger regulatory and oversight infrastructure.

 

As technology advances, Brazil’s online gambling providers are now using mobile internet access, AI-powered analytics, real-time odds calculation, customized user interfaces, identification of fraud, and digital secure payment solutions for improved online gambling's accessibility, enhanced the enjoyment of online gambling, increased online gambling's efficiency, optimized operators' use of machine learning for risk assessment and player profiling developed real-time betting features to improve the player experience and increase the security of the online gambling platform through AI analysis.

 

Market Dynamics of the Brazil Online Gambling Market:

The Brazil online gambling market is driven by the increasing number of users having connected devices, accepted regulation that allows to legally participate in online gaming, enabling foreign operators to enter the market, high levels of internet and smartphone accessibility, ease of access to betting services, increasing degrees of activity and revenue-generating potential for operators, along with strong governmental backing.

 

The Brazil online gambling market is restrained by the illegal operators and sites offering illegal online betting opportunities, significant risk to consumers and prevents state governments from collecting tax revenue, illegal operators also continue to operate a high percentage of online gambling, and challenges for regulators regarding enforcement and compliance.

 

The future of Brazil online gambling market is bright and promising, with versatile opportunities emerging from the formalizing and educating consumers will create an opportunity for licenced operators to take market share from the unregulated sector, as well as to implement more gaming through increased funding for online gambling efforts through formalised safeguards and more effective enforcement. As Brazil continues to develop, it will allow for e-sports betting, live in-game wagering, and localised content development based on the population's demographic data. There will also be additional opportunities for new payment options and localised promotional offers the market growth.

 

Market Segmentation

The Brazil Online Gambling Market share is classified into type and device.

By Type:

The Brazil online gambling market is divided by type into sports betting, casinos, iSlot, iTable, iDealer, Poker, Bingo, and Others. Among these, the sports betting segment held the largest revenue market share in 2024 and is predicted to grow at a remarkable CAGR during the forecast period. Widespread sports fan base, its broad appeal, frequent events, ease of digital adoption, and strong mobile and digital integration all contribute to the sports betting segment's largest share and higher spending on online gambling when compared to other type

 

By Device:

The Brazil online gambling market is divided by device into desktop, mobile, and others. Among these, the mobile segment dominated the share in 2024 and is anticipated to grow at a remarkable CAGR during the forecast period. The mobile segment dominates because of high smartphone penetration, offering fast registration, live betting, push notifications, and seamless payments via PIX, easily accessible, lower data costs, and widespread network availability.

 

Competitive Analysis:

The report offers the appropriate analysis of the key organisations/companies involved within the Brazil online gambling market, along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

 

Top Key Companies in Brazil Online Gambling Market:

• MegaJogos
• Sociedade Amigos Do Balao
• Multi Construtora
• Poker
• Intralot
• Pipa Studios
• Player 1 Gaming Group
• Empresa Comercial Escol
• Loterica Multisorte
• Others

 

Recent Developments in Brazil Online Gambling Market:

In September 2025, DigiPlus Interactive debuted its GamePlus online gambling operations in the Brazilian market, making the company’s first international expansion.

 

In August 2025, Inspired Entertainment partnered with Brazilian operator EstrelaBet to introduce V-Play Football Brazil, integrating sportsbook content via Altenar’s technology.

 

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting and Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

 

Market Segment

This study forecasts revenue at the Brazil, regional, and country levels from 2020 to 2035. Decisions Advisors has segmented the Brazil online gambling market based on the below-mentioned segments:

 

Brazil Online Gambling Market, By Type

• Sports Betting
• Casinos
• iSlot
• iTable
• iDealer
• Poker
• Bingo
• Others

 

Brazil Online Gambling Market, By Device

• Desktop
• Mobile
• Others

 

FAQ

Q: What is the Brazil online gambling market size?

A: Brazil online gambling market is expected to grow from USD 1502.3 million in 2024 to USD 5608.4 million by 2035, growing at a CAGR of 12.72% during the forecast period 2025-2035.

 

Q: What are the key growth drivers of the market?

A: Market growth is driven by the combination of a large digitally-connected population, growing regulatory framework that provides legal certainty, attracts international operators, and supports formal monetization of online betting demand, high internet and smartphone penetration, easily access betting services, and increasing overall activity and revenue potential with strong government support.

 

Q: What factors restrain the Brazil online gambling market?

A: Constraints include the persistent illegal gambling segment, many online wagers occur through unlicensed operators and illegal sites, posing risks for consumers and diverting tax revenue away from the government, illegal operators still dominate a large portion of activity, presenting enforcement and compliance challenges.

 

Q: How is the market segmented by device?

A: The market is segmented into mobile, desktop, and others.

 

Q: Who are the key players in the Brazil online gambling market?

A: Key companies include MegaJogos, Sociedade Amigos Do Balao, Multi Construtora, Poker, Intralot, Pipa Studios, Player 1 Gaming Group, Empresa Comercial Escol, Loterica Multisorte, and Others.

 

Q: Who are the target audiences for this market report?

A: The report targets market players, investors, end-users, government authorities, consulting and research firms, venture capitalists, and value-added resellers (VARs).