Brazil’s legal gambling market: a historic 1st year
Brazil’s regulated online betting market expanded rapidly in 2025, its first full year of operation after the legal framework came into force on 1ᵉʳ January. According to official data from the Secretariat of Prices and Betting (SPA), licensed operators generated nearly BRL 37 billion in gross gaming revenue, while the state collected around BRL 10 billion in tax revenue.
