Brazilian Congress debates illegal online betting market estimates
A Brazilian congressional commission debated estimates of annual losses from illegal online betting during a session on 24 March. Figures presented ranged from US$1.3bn to US$2bn, while SPA coordinator Leandro Lucchesi said the agency did not endorse the private-consultancy indicators cited. Industry associations estimated that illegal operators still account for about half of the market, contrasting with an estimate that up to 70% of betting is legal.
Conflicting estimates affect how authorities and operators assess illegal-market enforcement needs.