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Brazil's SPA reports BRL17.4bn in licensed betting GGR for H1 2025

Regulation

Brazil's Secretariat of Prizes and Bets reported licensed betting gross gaming revenue of BRL17.4 billion in H1 2025, with 17.7 million people wagering during the period. H2 Gambling Capital's Ed Birkin said the participation figure does not support claims of widespread gambling addiction, while SPA chief Regis Dudena called for evidence-based regulation.

The SPA's market figures are part of debate over proposed restrictions and a possible permanent gambling tax increase.

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H2 Gambling Capital estimates Brazil’s unregulated betting market at R$15bn

H2 Gambling Capital said Brazil’s licensed betting market generates annual revenue of R$38 billion, while about 30% of transactions take place on unregulated platforms. Its study estimated that the unregulated market generates around R$15 billion in annual GGR, drawing on bettor surveys, Pix transaction analysis and internet traffic measures. A survey of 3,500 bettors found that 60% were concerned about using licensed sites, while 30% did not know how to check a platform’s licence.

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