With a population nearing 670 million and a rising digital adoption curve, the region is quickly claiming its spot as one of the most promising growth frontiers in global online gambling.

After becoming one of the first suppliers to get fully certified for Brazil and sign multiple deals in this exciting jurisdiction, Delasport is uniquely equipped to provide insight into LatAm’s potential. What the current situation is in the different countries in the region and what the future holds for each of them – all of this and more is compiled in the dedicated report below.

Current Market Situation in LatAm

Latin America’s iGaming sector is gaining unprecedented traction. The total market is projected to reach US$6 billion by the end of this year, underpinned by a compound annual growth rate (CAGR) of 18.4% between 2022 and 2028, and resulting in nearly US$10 billion by the end of this timeframe.

The LatAm gambling market isn’t growing uniformly - each country presents a distinct profile shaped by local regulations, consumer behavior, and economic context. As of Q1 2025, national licensing systems fully regulate online sports betting and casino games in Brazil, Colombia, Panama, and Peru. Additionally, four Brazilian states — Rio de Janeiro, Paraná, Paraíba, and Maranhão — have established their own local licensing regimes. Brazil stands out as the region’s most significant market by size and potential. According to data by H2 Gambling Capital, it is on track to become one of the largest regulated iGaming markets globally, with an annual turnover of approximately BRL 50 billion (US$10 billion) and more than 100 million real-money game participants.

Mexico also boasts impressive numbers, with annual turnover exceeding US$10 billion and a user base of around 80 million people. The country’s online segment is expected to grow by 70% over the next three years. Licensed land-based operators are permitted to offer online sports betting and casino games. These licensees can also partner with unlimited third parties to launch branded “skins” under their licenses.

Argentina’s iGaming sector is estimated at US$2.5–3.36 billion annually, supported by a relatively high 25.87% adult market penetration and a base of 8 million active players. Online gambling is regulated at the provincial level, with licenses issued in both the Province and City of Buenos Aires. Other provinces allow online gaming through state-run lotteries or existing land-based casino operators.

Colombia, the regulatory pioneer in the region, legalized online gambling in 2016 and now boasts 9.5 million unique online gambling users, with the industry contributing roughly 1.7% of national GDP.

Peru has shown robust growth with a well-defined licensing system introduced in 2024, a total player base of 5 million, and a market value close to US$2.5 billion in 2025.

Nicaragua and Paraguay allow land-based casinos to apply for online gaming licenses. However, in Paraguay, online sports betting remains under a monopoly concession model.

Meanwhile, in Venezuela, although the legal framework is less clear, national racing authorities appear to issue licenses for online betting and casino games to incumbent operators.

Elsewhere in Latin America, national lotteries play a central role in online gambling.

Regulatory Landscape

While Latin America's regulatory environment is still fragmented, there's a clear trend toward modernization and consistency. Countries are adopting more robust legal frameworks that focus on player protection, taxation, and market transparency.

Key Regional Trends

· Expansion of comprehensive licensing systems

· Government crackdowns on unlicensed operators

· Prioritization of consumer protection and responsible gaming

· A steady move toward harmonized online gambling legislation

This shift is vital for building investor confidence and fostering a more competitive and legitimate market.

Regarding sports betting, the biggest shift came from Brazil. Despite facing years of political inertia, real momentum picked up in 2023. Backed by President Lula da Silva, the country passed a landmark piece of legislation on December 30, legalizing both online and retail sports betting. This action positioned Brazil as an increasingly attractive and well-regulated destination for gambling operations.

B2B Supplier Licensing

The supplier licensing environment in Latin America is still developing and is characterized by a lack of uniformity across the region. The regulatory approach here more closely mirrors European models than those found in North America. Some jurisdictions require B2B suppliers-such as game providers, platform operators, and related service vendors-to secure a registration to work with licensed operators, while others do not.

This fragmented approach is noticeable even within individual countries. For example, established markets like Colombia, Panama, and Peru each have distinct requirements for B2B supplier oversight. In Argentina, the Province and City of Buenos Aires also maintain different standards for supplier licensing.

Attention is currently focused on Brazil, where supplier approvals were not part of the initial market rollout. However, Brazil’s official regulatory roadmap for 2025–2026 indicates forthcoming changes. Later this year, the Secretariat for Prizes and Bets (SPA) is expected to introduce new regulations governing the relationship between licensed operators and their third-party suppliers, including platform providers, game studios, and live casino vendors. One of the main goals is to prevent unauthorized content from reaching offshore markets.

Most Popular Casino Games

LatAm users show a strong preference for diverse and engaging gaming formats, driven largely by mobile use and cultural trends.

Top Categories:

1. Slots

2. Table Games

3. Fish Games

4. Crash Games

5. Bingo and Lottery-style Games

Top Sports for Betting

When it comes to sports betting, local preferences reflect both cultural affinity and media influence.

Most Popular Sports:

1. Football (Soccer)

2. Volleyball

3. Mixed Martial Arts (MMA)

4. Brazilian Jiu-Jitsu

5. Basketball

6. Motorsports

Football’s dominance is especially pronounced in Brazil and Argentina, driving much of the sportsbook revenue.

Future Outlook for LatAm’s iGaming Market

Latin America is no longer a sleeping giant - it is wide awake and accelerating toward becoming one of the world’s most vibrant iGaming regions. The combination of favorable demographics, digital infrastructure, and legal reform is creating fertile ground for growth.

To succeed, stakeholders must be ready to:

· Adapt swiftly to legal and tax changes

· Innovate technologically and locally

· Respect cultural and regional differences

· Promote responsible gambling

The next 2–4 years will be pivotal. Operators that act boldly but wisely will find themselves at the forefront of a once-in-a-generation market surge.

Choosing the right B2B partners will be key to success, and companies with proven regional expertise, like Delasport, are well-positioned to support this growth.

About the author:

Unai Concha Olabarrieta is Senior Business Director at Delasport, bringing over a decade of leadership across the global iGaming and sports betting sectors. With a Master’s in Sports Management from Universitat Pompeu Fabra, his career spans strategic roles at Yolo Group, Sporting Solutions, and Grupo Mediapro.

The post Betting on the Boom: Latin America’s 2025 iGaming Surge first appeared on Delasport.

Achieving certification in the fast-paced iGaming industry and specifically in a competitive and tightly regulated market is no small feat. At Delasport, as a leading provider of tech solutions, we recently attained certification in Brazil—one of the hottest regulatory markets in the world. This achievement is not only a win for the company but also a shining example of how effective teamwork, the expertise of professionals across our legal, R&D, and compliance departments, and meticulous management can help overcome even the most stringent deadlines and complex regulatory landscapes.

 Teamwork at the Core of Success

Delasport's technology is designed for rapid compliance with new regulations and swift adaptation to ongoing regulatory changes. Meeting the unique demands of the Brazilian market presented its own challenges, but just as in the UK, Ontario, and other regions, our platform has once again proven its capability. It offers localized content, supports multiple payment methods, and prioritizes secure player protection, delivering a seamless and engaging user experience.

Behind Delasport’s success in Brazil lies an exceptional team that worked tirelessly to ensure the platform met all regulatory requirements. The certification process for Brazil’s gaming market is known for its complexity, but Delasport’s team demonstrated incredible coordination, resilience, and expertise.

The key to overcoming tight timelines and intricate processes was the collaborative spirit within the company. From legal teams ensuring that every regulation was thoroughly understood and adhered to, to the R&D department creating a platform that could meet the specific needs of Brazilian players and operators, Delasport’s teamwork was the foundation of their success. Every department played a crucial role, making sure no detail was overlooked, and no deadline was missed.

This teamwork extended beyond internal collaboration. Delasport worked closely with local regulatory bodies to ensure compliance, often navigating the bureaucratic landscape with agility and precision. Our approach emphasized strong communication and mutual understanding, ensuring that both the regulator and Delasport were aligned in their goals.

Professionalism and Expertise Driving Innovation

The team at Delasport brings deep expertise in iGaming solutions, which was pivotal in developing a platform capable of securing certification in Brazil’s highly regulated environment. The company’s professionals have years of experience in the field, understanding the intricate dynamics of the global market and local regulatory nuances. Their collective knowledge enabled Delasport to not only meet the requirements but to exceed them.

The R&D team at Delasport played a vital role in this journey. By focusing on innovation and user experience, they tailored the platform to the unique demands of the Brazilian market. The platform was designed to ensure smooth gameplay, seamless transactions, and an intuitive user interface—key components that would resonate with Brazilian players while meeting regulatory expectations.

The platform’s flexibility is also noteworthy. Delasport’s ability to adapt its technology to accommodate diverse payment methods, localized content, and secure player data protection made it a standout in Brazil’s competitive gaming industry. These efforts demonstrate Delasport’s commitment to maintaining the highest standards of professionalism, both in terms of technology and service.

Award-Winning Sportsbook and Platform Provider

Delasport is not only known for its innovative solutions but also for its recognition in the industry. As an award-winning provider of both sportsbook solutions and platform technology, Delasport has solidified its position as a top-tier partner for B2B clients across the globe. The company’s platform is renowned for its flexibility, scalability, and ability to integrate with a wide variety of partners, making it a perfect fit for operators looking to expand into new regulated markets such as Brazil.

Delasport’s sportsbook technology is particularly lauded for its cutting-edge features, including live betting, a wide range of sports and markets, and a user-friendly interface. The ability to customize the sportsbook experience for operators and players alike has earned Delasport recognition in several prestigious industry awards. This achievement underlines the company’s commitment to quality and its ongoing drive to remain at the forefront of sports betting technology.

For B2B clients, Delasport provides a comprehensive suite of solutions that include everything from sportsbook offerings to casino games, payment integration, and player management tools. With Delasport, operators gain access to a trusted, award-winning platform that delivers results, enhances player experiences, and ensures compliance with local regulations—like those in Brazil.

Effective Management Overcoming Tight Deadlines

One of the most challenging aspects of obtaining certification in a regulatory market like Brazil is the time constraints. Delasport faced the pressure of strict deadlines, but through effective project management and organizational efficiency, the company was able to navigate the process with confidence.

The management team at Delasport employed a structured approach, breaking down the certification process into manageable tasks, assigning clear responsibilities, and setting realistic milestones. This allowed the company to stay on track while maintaining the flexibility required to address unforeseen challenges. The ability to adapt to changing conditions without losing focus on the end goal was crucial in securing the certification within the set timeline.

The management team’s commitment to excellence ensured that every aspect of the platform was up to standard—from compliance checks to the final testing phase. Their attention to detail, combined with a forward-thinking strategy, made it possible to deliver a high-quality platform on schedule.

A Platform Built for the Future

Securing certification in Brazil is just the beginning for Delasport. The company’s platform, built with cutting-edge technology and guided by the principles of teamwork, professionalism, and effective management, is poised to take full advantage of Brazil’s burgeoning gaming market.

With its robust infrastructure, secure payment solutions, and engaging user interface, Delasport is well-positioned to offer an exceptional gaming experience to Brazilian players. The platform’s scalability means it can evolve with the market, continuously improving in response to both player preferences and regulatory updates.

The true impact of this achievement is already visible. A testament to this is the fact that right as the sportsbook solution got certified, one partner is already live while the next partners are in the pipeline to go live now that the full platform solution is also certified. Recently Delasport announced its partnership with Vibra Gaming which will soon offer our Sportsbook its licensees, all thanks to Delasport’s compliance and tech excellence.

In short, Delasport’s commitment to ongoing innovation and compliance ensures that it will continue to thrive in Brazil’s competitive and dynamic market. With the team’s dedication, expertise, and the strength of the platform, Delasport is set to become a key player in the future of Brazil’s iGaming landscape.

Delasport’s successful certification in Brazil is more than a regulatory milestone—it’s a testament to effective leadership, technical innovation, and a commitment to excellence. As Brazil’s iGaming market continues to expand, Delasport is ready to empower operators with a best-in-class platform that guarantees compliance, reliability, and superior player experiences.

For B2B clients seeking to enter Brazil’s booming market, Delasport offers a turnkey solution that ensures swift, hassle-free market entry—backed by an award-winning team and technology.

The post Key Takeaways from Delasport’s Certification Journey in Brazil first appeared on Delasport.

Following the recent regulatory advancements in Brazil’s gaming sector, we have successfully obtained the necessary certifications to operate in the country. Our company’s entry into this high-potential market aligns with our global strategy to provide world-class betting experiences in regulated markets worldwide.

“Brazil represents a key milestone in our global expansion strategy, and we are happy to launch with the first partner and another one on the way, this time with our full solution,” said our Senior Business Director, Unai Concha. “We are thrilled to bring our premium sportsbook and iGaming solutions to Brazilian operators, empowering them with the best technology available in the industry today.”

Our offerings in Brazil include:

· A fully managed localized sportsbook platform that is full of innovative features tuned to elevate players’ betting experience

· AI-driven personalization and engagement tools to optimize player retention

· Advanced risk management and fraud prevention solutions

Brazil’s regulated sports betting market is expected to experience rapid growth, and we are committed to ensuring a seamless and responsible betting experience for operators and players alike. By leveraging our expertise and innovative solutions, we aim to play a pivotal role in shaping the future of online gaming in Brazil.

The post We Launch Our First Partnership in Brazil first appeared on Delasport.

Talking to many current and future partners and friends validated our hard work and inspired us to keep innovating. We were proud to share our achievements and our plans for the future, including our continuing global expansion. A small part of them includes entering Brazil, the UK, South Africa, and the Dominican Republic:

Plans and Priorities

Delasport’s regulatory compliance on a global scale is part of our superpower that helps operators grow faster. Along with the industry-leading innovations and the individual approach to each partner, this is what makes Delasport the smart choice.

We got to talk to some of the best industry journalists about some of these pillars too. In a conversation with EGR our CEO Oren Cohen Shwartz elaborated on a few important points like our expansion, products, and key priorities like player retention and engagement:

Recognized Excellence

We kicked ICE off with a brand new award added to our collection. This latest triumph was winning the “Sports Betting Platform” category at the International Gaming Awards 2025.

The prize validated the excellence of our sportsbook solution which includes advanced personalization, unique ways to bet, and enhanced engagement tools.

It also impresses with the rich coverage it offers:

• 120,000 pre-match events
• 70,000+ Live events per month
• More than 50 licensees and 70 brands

In the Spotlight: SuperPot

The innovative sports jackpot product that we’re offering – SuperPot – made its big debut during ICE 2025.

It attracted a lot of attention and impressed our stand visitors with its engagement capabilities and its unique features.

Just a few of the competitive advantages are the ability to mix sports and markets, as well as the ‘Standings’ tab where players can see in real-time how their tickets are doing compared to the other participants.

To celebrate this game-changing integration, we organized a SuperPot tournament with epic prizes: 2 VIP tickets for a sporting event of the winner’s choice, an iPhone, an iPad, a Garmin watch, and many more.

Missed Us at ICE?

If you weren’t able to visit our stand at ICE, worry not! Delasport’s experts can help you elevate your operation anytime!

So, if you’re ready to make the smart choice and boost your iGaming business’ growth, reach out to us right away.

The post A Glimpse of Delasport at ICE 2025 first appeared on Delasport.

Continuing our global growth, we are bringing several operators on board in Brazil. In order to complete the process, operators who are applying for a new Brazilian license have 30 days to provide all relevant platform certificates from the moment that they are notified by the regulator that their initial submission has been accepted. This is also the moment that they can pay the license fee. Still, failure to provide platform certificates will result in the application being placed on hold.

Delasport turned to Gaming Laboratories International (GLI) for the certification of its sportsbook against Brazilian technical standards. The key partnership with GLI was further strengthened by the news, a few months back, that GLI had become the first laboratory to achieve the local accreditation to certify for betting systems, live game studios, and online games by the Secretaria De Prêmios e Apostas (SPA) in Brazil.

Technical Requirements for Brazil

We successfully met all technical requirements for providing its sports betting solution to the largest country in South America. The certificate is evidence of the team’s experience, expertise, and determination to lead the way in key jurisdictions.

Obtaining a GLI certification for Brazil is a step towards cementing the trust players and operators have for Delasport’s products. This serves to show that we are capable of meeting even the strictest industry standards for integrity and fairness.

Operators who plan on entering the newly regulated Brazilian market will now have numerous advantages if they partner with Delasport. They will be able to provide their players with personalization features like My Sportsbook, My Event Builder, and My Combo that skyrocket revenues and retention.

Furthermore, Delasport’s KYC and AML provider is a market leader that guarantees the highest level of compliance for all operators that choose to go on this route.

Also, we have already partnered with numerous local payment system providers and offer a real-time AI-powered Responsible Gambling system that can easily adapt to local regulations.

Last, but not least, operators will feel Delasport’s support from the get-go all the way to establishing themselves as a market leader. Delasport is knowledgeable of cultural and regional differences and can address all localization needs from the early stages of engagement.

Delasport’s Chief Compliance Officer Filippo Ferri comments:

“When we learned that providing platform certificates to the regulator was on our partner operators’ critical path for obtaining the license, we immediately prioritized submitting the system to GLI for testing. Needless to say, GLI did a tremendous job of working with us to conduct the tests in record time, to match the submission deadline of some of our clients. I am also very proud of how our internal departments worked together to obtain this certificate, and of how they continue to push forward with the delivery of a datavault system that complies with SIGAP requirements.”

The post Delasport Now GLI-Certified for Sports Betting in Brazil first appeared on Delasport.

Our team of over 400 experts worldwide are advancing to deliver our renowned products and services to the Brazilian market. We have partnered with GLI (Gaming Laboratories International) - the leading certification lab approved by the Brazilian Ministry of Finance.

So far, we are fully certified against GLI-33 and GLI-19 – the standards that have inspired regulators in Latin America and likely in Brazil. Additionally, the team is in the process of submitting the platform for certification against Brazilian technical standards. We are also advancing rapidly through data quality testing of our integration with the SIGAP Datavault system.

Key Advantages for Operators in Brazil

Operators that plan on entering the newly regulated Brazilian market will have numerous advantages if they partner with us. They will be able to provide their players with personalization features like My Sportsbook, My Event Builder, My Combo, and My Casino that skyrocket revenues and retention.

Furthermore, our KYC and AML provider is a market leader that guarantees the highest level of compliance for all operators that choose to go on this route.

Also, we have already partnered with numerous PIX payment system operators and provide a real-time AI-powered Responsible Gambling system which can easily adapt to local regulations.

Another key advantage is the strong relationship with third-party casino suppliers that will soon be able to provide their exciting portfolios to this thrilling jurisdiction.

Last, but not least, operators will feel our support from the get-go all the way to establishing themselves as a market leader. We are knowledgeable of the cultural and regional differences within Brazil and can address all localization needs before they arise.

Opinions

“Delasport stands on a solid foundation of experience, supplying Tier 1, Tier 2, and Tier 3 operators in highly regulated markets globally”, our CCO Filippo Ferri comments. ‘This makes Delasport fully equipped to assist operators navigating complex platforms or adapting to modern jurisdictional requirements, such as Brazil’s.’

Our own VP of Business Development Rosaire Galea Cavallaro adds:

‘It’s a great privilege to enter such a vast and exciting market with the confidence that we’ve gained at Delasport throughout the years. We’re looking forward to seeing our product in action in a new territory, achieving and maintaining solid margins for our partners, keeping the record of having double digit margins in sports betting and helping them scale with ease in both verticals to generate maximum revenue for their brands.’

The post Delasport Ready for Brazil Expansion first appeared on Delasport.

What are the new changes in the regulations? What will happen to the non-licensed operators, what will be the future of PIX usage in iGaming, and many other key questions will get their answers in the paragraphs to follow.

Table of Contents:

• Changes to the Regulatory Framework and Key Approaches
• Regulation Status
• Approved Operators and the Transition Period
• Judicial Rulings on Loterj Licensing
• Market Reactions and Future Challenges
• The SIGAP
• Certifications
• In Conclusion

Changes to the Regulatory Framework and Key Approaches 

Brazil’s iGaming industry has seen several critical updates in terms of both advancements and complications in the market’s regulation since our last Market Report in May 2024. The country is currently in a transition period and moving closer to formalizing the regulatory framework for its gambling sector. When the full regulation comes into force by January 2025, there will be significant changes affecting both online and land-based operators.  

• Localization 

To effectively capture the Brazilian market, operators must tailor their offerings to suit local player preferences. This includes providing customer support in Portuguese, integrating local payment systems like Boleto Bancário, and featuring sports that resonate with Brazilians, such as football, MMA, and basketball. Crafting promotions and content that align with Brazilian cultural values is critical for fostering player loyalty. 

• Mobile Optimization 

With over 78% of Brazilians using smartphones to access the internet, ensuring that platforms are optimized for mobile use is essential. A seamless mobile experience is crucial for attracting the country's young, tech-savvy audience. 

• Marketing and Sponsorships 

Partnering with well-known sports teams and public figures has proven to be an effective strategy in Brazil. For example, major football teams like Corinthians and Palmeiras have inked deals with sportsbooks, enhancing brand visibility. Additionally, operators should leverage social media to engage the audience and promote their offerings effectively. 

• Offering a Variety of Betting Options 

Football remains the top sport for betting in Brazil, followed by basketball and esports. To attract a wider audience, operators should offer a diverse range of betting options, including international sports leagues and esports, to cater to various interests among Brazilian bettors. 

• Responsible Gaming 

Adopting strong responsible gaming practices is vital for maintaining compliance and gaining player trust. Operators should provide tools such as self-exclusion features and betting limits, while also ensuring proper identity verification and age restriction protocols are in place. 

By concentrating on these areas—localization, mobile optimization, marketing, diverse betting options, and responsible gaming—operators will be well-positioned to gain substantial market share in Brazil's burgeoning iGaming industry. 

Regulation Status 

From June to October 2024, Brazil has continued refining the licensing rules for operators. Following the establishment of the regulatory body earlier this year – the Secretariat of Prizes and Bets (SPA) – the government enforced a deadline in September 2024 for operators to apply for federal betting licenses. The goal was to ensure that all operators wishing to operate during the transition period (October – December 2024) would be in compliance with the legal framework before the market fully opens in January 2025. 

In September, the Brazilian government published a Normative Ordinance No 1,475, prohibiting operators already active in the market that had not applied for a betting license from operating. This will be enforced between October 1st and December 31st. 

One of the more controversial issues surrounding Brazil’s iGaming regulatory framework has been taxation. Initially, Brazil proposed an 18% tax on GGR for operators, which, after negotiations, was reduced to 12%. However total taxation can increase to over 30% when additional taxes get applied (such as PIS, Gaming Monitoring Fee, COFINS and ISS).  

Approved Operators and the Transition Period in Brazil

By October 1st, the SPA issued a list of 89 approved operators, which it later updated, allowing 93 companies and 205 brands to continue functioning legally in the country. This approval process is considered critical for maintaining order in the market and ensuring that only authorized operators engage with the public. [source]

Some companies, however, remain excluded from the list, which has sparked a controversy in the iGaming business.
Players who are using non-approved platforms are given a grace period to withdraw all their funds before those platforms’ potential suspension. [source]

Judicial Rulings on Loterj Licensing in Brazil

In a pivotal ruling, Brazil’s Federal Regional Court decided that brands licensed by the Rio De Janeiro State Lottery (Loterj) would not be allowed to operate outside of Rio De Janeiro.
The ruling aligns with Brazil’s federal push to strengthen its control over the iGaming business in the country. However, Loterj maintains its position that its licensees should be allowed to operate outside the state’s borders, citing their belief in broader operational rights.
This legal debate adds a spark of complexity to the overall regulatory landscape, as it positions state autonomy against federal oversight. [source] 

Market Reactions and Future Challenges 

Looking back at the past years of uncertainty surrounding the legal framework, Brazil’s iGaming industry has been eager for progress. While the new regulations bring optimism for the market’s future, there are also concerns about certain provisions. The industry is closely monitoring developments related to taxation. As mentioned, initially the taxes were proposed at 18% but later lowered to 12%, and still, this is aside from all other additional taxes that compile to a significant amount. [source] 

The regulatory challenges that remain to be tackled include the exclusion of key operators and debates over state versus federal licensing.
With the full legal market set to launch in January 2025, the next few months will be critical as operators finalize their applications and Brazil’s government continues to address gaps in the regulatory process. [source]

The Brazilian Institute of Responsible Gambling (IBJR) has called on the government to reconsider its proposed ban on the use of the Pix payment system for betting transactions, citing the need for better regulatory clarity. [source] 

The SIGAP

Also known as the “Betting Management System”, a technological solution linked to the Ministry of Finance, developed with the objective of enabling the regulation, monitoring and inspection of the betting market in Brazil, based on the provisions of Law No. 13,756/2018 and Law No. 14,790/2023. Sigap works by receiving information about bets made on sporting events and bets made on online games. 

Through API, companies must transmit files containing information on bets, operators and bettors on a daily basis, including financial transactions linked to sporting events and information on bets and bettors of online betting games. Each file will be detailed and sent according to the frequency determined in the data model defined by the Ministry of Finance. 

Delasport has already developed and is currently testing its connection to the SIGAP, allowing it to be among the first ones to operate in Brazil. 

Certifications

Delasport has a long-standing testing partnership with GLI – Gaming Laboratories International, the leading certification laboratory of the gambling industry. On top of being GLI-19 and GLI-33 certified, Delasport’s entire turnkey platform solution (player account management system + sportsbook + casino aggregator + payment providers) is currently undergoing testing against Brazilian-specific technical requirements, with the aim of being the first platforms to be fully certified for Brazil before the opening of the market. 

In conclusion 

Amidst all the regulatory changes and implementation, Brazil is currently one of the most complex, but also prominent iGaming markets. This is why an experienced and knowledgeable partner like Delasport is essential when looking to expand to such key jurisdictions. 

At Delasport we’re not only ready with the required certifications but are keeping a close eye on every regulatory development in the country.  

As the government works through the remaining hurdles – particularly in resolving disputes over licensing and taxation – the market will continue to evolve, attracting both domestic and international attention. If you’re serious about your iGaming business, you should reach out to Delasport right away, so that you face Jan 1, 2025, fully prepared.  

The post Brazil: What Does It Take for Operators to Gain a Significant Market Share in the Land of Great Potential? first appeared on Delasport.

In the past, we’ve outlined Brazil as a sleeping giant and the big news this year is that the giant has awakened. The country's president, Luiz Inacio Lula da Silva, made regulation in Brazil official, ratifying a new regulatory framework for sports betting and iGaming in general.

The very end of 2023 – December 30th – marked a new era in Brazil’s gambling history. Bill 3,626/2023 was signed after Brazil’s chamber of deputies voted on 21 December to endorse it. 

The bill presented a rollercoaster for everyone in the iGaming industry, eagerly waiting to see how the chain of events in the sector will unfold. One of the major suspense sources was the fact that iGaming was added back into the bill after previously being removed by the senate.

The New Market Situation in Brazil

The market has already started seeing a surge, which is understandable bearing in mind that up until now the legal activities were made up primarily of lotteries and horse racing. The increase in revenue projected for this year is a whopping 24,1% (Source). It is estimated to reach US$1.97bn by the end of 2024 and US$3.63bn by 2028. This means the Brazilian iGaming market will keep a steady growth rate of 16.51% per year.

As can be expected, Online Casinos will experience the most substantial growth as they are just now becoming legalized: the projected market volume for this segment is US$1.11bn this year. By 2028, however, experts foresee sports betting taking over the leading spot with US$1.71bn, followed by Online Casinos with US$1.61bn. and lotteries with US$0.31bn.

The New Framework in Brazil

The ratified regulations bring along a section regarding taxes on iGaming. According to those, operators will be taxed at 12% of the GGR. Recommendations regarding taxes were submitted by the Economic Affairs Commission in November 2023.

Operators will also have to apply for five-year licenses with up to three brands. They will have to pay around US$6m per such license.

Something else operators will have to do according to the new legal framework is comply with a number of Responsible Gambling guidelines. They should offer customers self-exclusion windows that range from 24 hours to six weeks and verify the identities of players. They should make sure through facial recognition that the bettors are at least 18 years of age. Another key requirement – this time outside of the RG scope – is for the company to have a Brazilian board member who will hold at least 20% of the shares.

Players, on the other hand, will have to pay 15% of their winnings in tax.

Opportunities And Hurdles in Brazil's Sports Betting Landscape

The sports betting sector in Brazil presents numerous prospects for operators, consumers, and stakeholders alike. These encompass:

- A varied and fiercely competitive sports landscape, offering a plethora of local and international events and leagues for betting.

- Abundant room for innovation and distinction, with avenues to introduce fresh products, services, features, and promotional strategies to allure and retain clientele.

- A conducive legal framework, supported by governmental backing and a clear roadmap for regulation and taxation.

- A sizable and expanding demographic of sports enthusiasts and punters, boasting substantial disposable income and widespread internet access.

Nonetheless, there exist several challenges and risks necessitating attention. Among these are:

- Intense competition, marked by both established entities and emerging players striving for market dominance and customer allegiance.

- Heightened social responsibility demands, involving the promotion of responsible gambling, safeguarding vulnerable demographics, and mitigating gambling addiction risks.

- Elevated instances of fraud and malpractice, encompassing risks associated with money laundering, match-fixing, illicit gambling, and cyber breaches

- A convoluted and unpredictable regulatory process, characterized by delays and alterations that could impact the profitability and longevity of operators.

What’s to Come for Brazil’s iGaming Market

While the exciting news is a fact, there are still a few steps left before they come into effect. For example, some of the topics in the Bill will be put to public consultation before they are implemented, so the truly regulated market is expected to be here in the second half of this year.

Aside from the expected revenue growth, for a giant as Brazil the regulations mean numerous other consequences. Some of them are due to the expected surge of foreign operators applying and functioning in this hot jurisdiction.

This, in turn, means more work for the Brazilian courts as it is inevitable for bettors to fight for their rights domestically when they encounter an unethical iGaming business. As the anticipation for these regulations has been rising since 2018, a lot of operators’ business plans include Brazil, and this has already started translating in heightened requests for partnerships and mergers.

Fortunately, this process can be sped up with the help of strong partners like Delasport. As a supplier with GLI 19 and 33 certifications, Delasport is ready to enter Brazil with serious operators who know the importance of having the right certified technology partner.

To learn more and expedite your go-to-market for Brazil, get in touch right away.

The post Brazil’s iGaming Market: The Giant is Awake first appeared on Delasport.

In our Brazil iGaming market report, we examine the country in greater detail to show why it represents one of the most exciting futures for the sector.

Contents:

Brazil's current iGaming market
Brazilian sports betting regulations
Legislation for online and land-based casinos in Brazil
Brazilian gambling taxes
Brazilian casinos' most-played games
Brazil's most popular sports events
Conclusion

Brazil's current iGaming market

The current gambling business market is made up of lotteries and horse racing, as these are the only ones permitted – but even these are limited because of an imbalance between the population and the number of betting shops.

With new online betting rules on the horizon, the estimated Brazil iGaming market size is 2.1b USD and is expected to grow to 2.6 billion by 2026. This is due to the ongoing digitalization of the country which has an internet penetration rate of 75%, an increase of 10% since 2018. Also, there are 96 cellular subs per 100 people, thanks to a large section of the Brazilian population (more than 87%) living in metropolitan areas.

Brazilian sports betting regulations

A federal law passed in 2018 recognized fixed-odds betting as a legal lottery activity. And Brazil's Ministry of Economy was given a four-year window to develop a competitive market for both offline and online sports betting, using a licencing or concession system.

The FIFA World Cup begins just a few weeks before the 2022 deadline, so officials will want to take all possible measures to put some sort of licencing structure in place so they can profit from the new industry. However, time is running out as the deadline expires at the end of 2022.

Legislation for online and land-based casinos in Brazil

Despite having already approved a law allowing betting on sports, Brazil's Congress is currently debating legislation that would legalise most other forms of gambling across the country.

In a landmark decision on February 23, the Brazilian Chamber of Deputies authorised up to 31 land-based casino resorts spread across the nation's 27 states. Additional casino licences were also made available for riverboats and oceangoing cruise ships, as well as gaming resorts in some tourist areas.

Brazil's iGaming market will likely become an extremely attractive location for operators looking to enter the next big market. Reasons include the abundance of space for large integrated resorts like those in Las Vegas, for cities like So Paulo and Rio de Janeiro. Other parts of the country will also present opportunities for mid-sized and boutique casinos.

Brazilian gambling taxes

Despite the fact that sports betting was made legal in 2018, no licencing system has yet been established. A few details still need to be worked out before the first wager is allowed to be placed. The existing fixed-odds betting legislation is only a portion of the overall legal system.

Although the new regulations have not yet taken effect, the legal framework is currently being altered. The wager tax rates for retail services decreased from 6% to 0.1% on July 15, 2021, and for internet services, they decreased from 3% to 0.05%. The 30% tax on winnings over $500 still applies.

Don’t miss the chance to read our Spanish iGaming Market Report!

Brazilian casinos' most-played games

Casinos are not allowed in Brazil, but the largest media company in Brazil, Grupo Globo, recently published a study in which 78% of the respondents claimed to play roulette in online casinos. 66% of respondents said they play blackjack, and 64% said they play table games. Participants opted for video poker (61%), and 63% for slots. Additionally, 50% of participants said they engage in live dealer gaming.

Brazil's most popular sports events

It should come as no surprise that football is the most popular sport in Brazil, with almost everyone in the nation having some sort of affiliation with a national team. The two biggest football teams in Brazil are Flamengo from Rio de Janeiro and Corinthians from So Paulo – each of which has more than 30 million supporters.

Every day, hundreds of different markets are available for football that cover competitions from all over the world. The Campeonato Brasileiro Série A, the Primera División in Argentina, the Copa Libertadores, and all of the major European competitions, including the Premier League and Champions League.

Mixed martial arts have been extremely popular in Brazil for more than a century, and because of this, MMA betting is hugely popular across the country. After association football, it is the second most popular sport in Brazil for online betting.

Brazil has produced many well-known NBA players over the years, including Leandro Barbosa, Nene, and Tiago Splitter, to name a few. Brazilians are therefore likely to wager on basketball matches quite frequently for both domestic and international competitions. Given that Brazil has so many beaches, Brazilians are also avid volleyball players, with the national volleyball teams among the best in the world.

Conclusion

It is undeniable that Brazilian players desire an iGaming industry similar to what the US market did in 2018. Gambling is a significant source of income, but the government is yet to understand how to regulate it properly.

Brazil iGaming market has tremendous potential for the industry thanks to a sports-loving population that is ready to engage with gambling operators. Once the sports betting industry is up and running and new legislation is passed, we’re sure that the sleeping giant of iGaming will wake up with a boom.

The post Brazil iGaming market report: A sleeping giant about to wake first appeared on Delasport.