JUE 25 DE DICIEMBRE DE 2025 - 19:11hs.
LEGISLATION

Sports betting would create a US$ 3.16 billion market in Brazil

Lawyer expet in sports law, Leonardo Azevedo, said that in order to regulate national sports betting in Brazil, the state could receive up to US$ 854 million a year in taxes. According to his opinion published in Consultor Juridico Magazine, this would attract more bettors, in addition to international investment.

Sports betting would create a US$ 3.16 billion market in Brazil

The column of Azevedo refers to the main argument used by those who support that the whole gambling sector should be legalized, the fact that there are already innumerable international sports betting sites that operate with Brazilians.

"In a recent study, the Getúlio Vargas Foundation (FGV) reported that in Brazil there are around US$ 633 million in bets related to sport in general. Meanwhile, and despite the fact that the issue has already been brought to Congress, there is still a barrier to the regulation of this modality of bets by virtue of the implementation of monitoring measures that allow to detect possible manipulations of the results and, consequently, penalize those responsible," the column says.

Azevedo makes a comparative line with the behavior of this sector in some European countries.

"The study quoted by the FGV estimates that if bets were legalized in Brazil, the economic movement of this market would reach US$ 3,16 billion, based on the experience in France, which would report to the State some US$ 1 billion in taxes, not counting that a certain percentage of the capital could be allocated to the sports through eventual legal obligations," adds Azevedo.

Also, the opening of this market, according to the expert, would open the entrance of potential brands and the reception of considerable capital at national level, through the sponsorship of entities and clubs.

"There is a strong interest from companies that want to expand into large consumer markets, such as Brazil. Examples in Europe of this type of company are Bwin, who was a sponsor of Milan or Real Madrid, and Sky Bet, which works with clubs in England, among others."


Source: GMB / Consultor Juridico Magazine