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Brazil records 25 million active bettors from January to September 2025

Regulation

Brazil’s Ministry of Finance reported 25 million active bettors in the regulated market between January and September 2025, based on figures it provided in response to a Pay4Fun information request. The ministry said men accounted for 68.3% and women 31.7%; authorised operators recorded R$27.7bn in gross gaming revenue and R$3.327bn in federal tax receipts.

The figures give operators and regulators a measure of the regulated market’s scale and federal tax contribution.

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Regulation

Pay4Fun reports 91.8% fall in customer account balances in Brazil

Pay4Fun said balances in its transactional accounts fell 91.8% between 28 September and 5 October, after a provisional measure ordered fixed-odds betting and online gaming operations to be suspended in Brazil. The company said the figure covers its own accounts, not total bets or balances across the market. Remaining funds are to be returned under government procedures.

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