Brazil collects R 3.3bn from betting operators as regulated market enters global top five

From January to September 2025, Brazil’s regulated sports betting and online gaming sector generated R$27.7bn in gross gaming revenue and R$3.3bn in federal taxes and levies, confirming the country’s rapid ascent into the world’s top five betting markets.

Brazil’s newly regulated fixed-odds betting and iGaming market has delivered R$27.7bn in gross gaming revenue (GGR) between January and September 2025, according to fresh data from the Ministry of Finance. In response to a Freedom of Information request by payment company Pay4Fun, the ministry confirmed that R$3.327bn was collected in federal taxes and levies over the same period, reflecting the 12 per cent GGR tax rate introduced under Brazil’s betting law.

The figures underline how quickly the sector has scaled since full regulation took effect in 2024. Analysis by consultancy Regulus Partners, cited in recent industry reporting, now places Brazil among the world’s five largest betting markets by GGR — a remarkable shift given that the country did not appear in the rankings before regulation.

Tax proceeds from licensed operators are being channelled into a wide range of public programmes. The Ministry of Sports is the largest beneficiary, receiving around R$1.2bn, followed by the Ministry of Tourism with roughly R$953m and Public Security with about R$461m. Additional allocations have gone to Social Security, education, health, civil society organisations, the Federal Police fund (FUNAPOL) and the Brazilian Industrial Development Agency (ABDI), illustrating how betting revenues are being framed as a new pillar of public finance.

At the same time, the data highlight both the scale and the challenges of Brazil’s transformation into a regulated betting hub. While 25 million active bettors are now recorded in the official system, studies commissioned by the Instituto Brasileiro de Jogo Responsável suggest that as much as half of online betting activity may still be occurring on unlicensed platforms, implying significant tax leakage and ongoing consumer-protection risks. As the Prizes and Betting Secretariat (SPA/MF) continues to roll out licences and enforcement measures, operators and policymakers alike will be watching whether onshore, regulated brands can capture a larger share of this fast-growing market in 2026.