Brazil Releases First Performance Report on Regulated Betting Market

Brazil’s Secretariat of Prizes and Betting (SPA-MF) of the Ministry of Finance has released a comprehensive report on the country’s regulated fixed-odds betting market after it finished its first full quarter under close oversight. The data comes from the General Betting Management System (Sigap), which collects daily information on betting activity across licensed platforms.

Secretariat of Prizes and Betting Posts First Performance Report

According to the report, by the end of the quarter, 78 authorized and regulated operators were active, catering to 17.7 million Brazilian bettors. Of these users, 71% were men and 29% women. The most active age group was 31 to 40 years old, accounting for 27.8% of bettors, followed by the 18 to 25 age group at 22.4%.

The report also underscored the financial scale of Brazil’s regulated betting market. Licensed operators generated BRL 17.4 billion (approximately $3.5 billion) in gross gaming revenue (GGR) during the quarter. On average, each bettor spent around BRL 983 ($198) over six months, which translates to roughly BRL 164 ($33) per month.

Federal tax revenue from the sector totaled BRL 3.8 billion ($765 million), which included corporate taxes and a BRL 2.14 billion ($431 million) contribution mandated by Law 14,790/23. In addition to tax revenues, SPA collected approximately BRL 2.2 billion ($443 million) in authorisation fees and BRL 50 million ($10 million) in inspection charges from operators.

Brazil Continues to Structure Its Gambling Sector

In recent times, Brazil has further tightened its control over the gambling market, while also striving to build opportunities for both providers and bettors. A major focus for SPA this year has been enforcing regulatory compliance. Since October 2024, the National Telecommunications Agency (Anatel) has taken down 15,463 illegal betting websites. During this quarter, 66 inspections covering 93 licensed operators were conducted, resulting in sanctions being imposed in 35 cases. 

Officials emphasized that these enforcement actions provide concrete data to inform policymaking, replacing speculation with measurable regulatory outcomes. Financial oversight has also become a key area of attention. In collaboration with the Central Bank, SPA-MF has taken on the role of supervising financial institutions and payment providers associated with unlicensed betting operations. One major development on that front is the recent creation of a working group aiming at advancing the establishment of unified betting supervision.

In the first half of 2025, 24 financial institutions submitted 277 reports, which led to the closure of 255 accounts linked to individuals and businesses involved in illegal betting. Additionally, 13 payment service providers were formally notified, leading to the closure of 45 corporate accounts connected to unauthorized betting activity.

SPA Secretary Regis Dudena announced that performance reports will now be released regularly, aiming to promote transparency and accountability in the supervision of Brazil’s newly regulated betting sector.