Brazil Online Gambling Market Size & Outlook, 2023-2030
Brazil online gambling market, 2018-2030 (US$M)
Related Markets
Brazil online gambling market highlights
- The Brazil online gambling market generated a revenue of USD 1,895.9 million in 2023 and is expected to reach USD 3,900.5 million by 2030.
- The Brazil market is expected to grow at a CAGR of 10.9% from 2024 to 2030.
- In terms of segment, sports betting was the largest revenue generating type in 2023.
- Sports Betting is the most lucrative type segment registering the fastest growth during the forecast period.
Online gambling market data book summary
| Market revenue in 2023 | USD 1,895.9 million |
| Market revenue in 2030 | USD 3,900.5 million |
| Growth rate | 10.9% (CAGR from 2023 to 2030) |
| Largest segment | Sports betting |
| Fastest growing segment | Sports Betting |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Sports Betting, Casinos, Poker, Bingo |
| Key market players worldwide | Evoke Pharma Inc, Betsson AB Class B, Entain PLC, Flutter Entertainment PLC, Churchill Downs Inc, Kindred Group PLC SEDR, Sportech PLC |
Other key industry trends
- In terms of revenue, Brazil accounted for 2.7% of the global online gambling market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Latin America, Brazil online gambling market is projected to lead the regional market in terms of revenue in 2030.
- Brazil is the fastest growing regional market in Latin America and is projected to reach USD 3,900.5 million by 2030.
Sports betting was the largest segment with a revenue share of 49.72% in 2023. Horizon Databook has segmented the Brazil online gambling market based on sports betting, casinos, poker, bingo covering the revenue growth of each sub-segment from 2018 to 2030.
There have been efforts by the Brazilian government to regulate and legalize online gambling in the country. This has created opportunities for local and international operators to enter the market and offer their services to Brazilian players.
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Online Gambling Market Scope
Online Gambling Market Companies
| Name | Profile | # Employees | HQ | Website |
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Brazil online gambling market size, by type, 2018-2030 (US$M)
Brazil Online Gambling Market Outlook Share, 2023 & 2030 (US$M)
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