JUE 13 DE JUNIO DE 2024 - 01:02hs.
BGC - ONLINE BETTING IN BRAZIL

"Brazilian online gaming market US$ 2.2 billion per year"

Francesco Rodano, from the Association of Distance Games & Playtech, and KPMG UK economist Séamus McGowan, discussed talked about online gaming in Brazil from the standpoint of regulation and taxation. This figure (US$ 2.2 billion per year) would be divided into 1.3 billion for sports betting, 600 million for online casinos, 165 million for poker and 135 million for bingo.

At the last talk of the first day of the Brazilian Gaming Congress, participants heard about the potential of an online gaming market regulated in the country. The first speaker was Francesco Rodano, from the Association of Distance Games & Playtech, who said that Brazilian politicians discuss online games with limited knowledge and lack of understanding of numbers.

Then, he presented a video explaining the benefits of creating a regulatory regime, the functioning of online gambling (quotas, payout, tribute on gross profit) and types of online games (sports betting, casinos, poker).

Rodano also spoke about the significant number with Brazilian bettors on sites that are outside Brazil, without collecting taxes and that with a regulated market the country could generate US$ 390 million a year in taxes, as well as reducing unemployment and heating others markets that work around online gaming.

Séamus McGowan, an economist at KPMG UK, gave the entity's estimates for a possible Brazilian online gaming market, claiming that it would move US$ 2.2 billion per year. According to him, this figure would be divided into 1.3 billion for sports betting, 600 million for online casinos, 165 million for poker and 135 million for bingo. He explained how he got to that number and stated that they are fully realistic.

"I have to say that the type of GGR in Brazil is a realistic one, because of the available income, the demand for online gambling in Brazil is very realistic. There's a big appetite for gaming here in Brazil and that boosts our confidence in those numbers."

After the end of the talk, Ewa Bakun of Clarion officially closed the first day of BGC and invited everyone to return on Tuesday to continue discussions on the gaming market in Brazil, its legalization and regulation.

Source: GMB