It is the home of football and samba! People go there for the white beaches and for the Rio carnival. And with a population of over 200 million and people combined with a thriving economt, Brazil is tipped by experts to become one of the big future markets of online gaming.
Many people already gamble online in the home country of many great footballers, but there are still plenty of development to come. Most of the gambling such as poker and sportsbetting is still happening offline.
With no gaming regulation, problems with online payments and a lower Internet penetration than Europe and the United States, Brazil is yet a new market for online gaming. With a lot of land based lottery and bingo going on, the online market is yet to pick up. Some larger bookmakers such as bet365, Sportingbet and Unibet have already entered the market and more are likely to follow.
Casino regulation in Brazil
A national regulation has been discussed and with it´s huge population it would mean the largest regulated market in the world. With a huge interest in football and sportsbetting offline, the 2018 FIFA World Cup in Russia might be the start of a new online gaming market. A KPMG report valued the current market to be worth more than 2 billion USD and it is very likely to grow considerable over the next decade.
A regulated market would make it easier for players to deposit and withdraw money legally and for the government it would bring some much needed tax money. Stay updated by reading our news here at Casino-experts.com and look out for a Brazilian section on the website in the future!