IBJR – Instituto Brasileiro de Jogo Responsável

How Brazil Became the World’s 5th Largest Betting Market

Online betting companies are expected to generate US$4.139 billion (around R$22 billion) in revenue in Brazil in 2025, positioning the country as the fifth-largest market in the world for the sector, according to data obtained exclusively by BBC News Brazil from the international consultancy Regulus Partners, which specializes in the sports and leisure industry.