Brazil gambling market reaches R$53bn annually, with 30% unlicensed, study estimates
A study by H2 Gambling Capital presented at ICE Barcelona estimated Brazil’s gambling market at about R$53bn in annual gross gaming revenue, including roughly 30% from unlicensed platforms. The regulated segment accounted for around R$38bn and the unauthorised segment about R$15bn, the study said.
The estimate quantifies the unlicensed share of Brazil’s market, relevant to operators and regulators assessing the regulated sector.