Brazil betting market generates estimated $154m in January 2025
Brazil’s betting market generated an estimated $154m in gaming revenue in January 2025, according to figures attributed to Blask. The estimates put $101m, or 63.89%, with locally licensed operators and $53m, or 34.17%, with internationally licensed operators; they are not official statistics. The report said the figures indicated that a substantial share of activity remained outside Brazil’s regulated market.
The estimates suggest substantial betting activity remained outside Brazil’s locally licensed market, informing operators and policymakers.