Zona de Azar Brasil – Brazil Registered 3.5 Million New Bettors Per Month in 2024

Brazil.- February 13, 2025 www.zonadeazar.com The past year was marked by the consolidation of betting sites among Brazilians. The number of users has grown in recent months, and the sector has also advanced behind the scenes with the new regulation that came into effect this year.

According to data from the Locomotiva Institute, around 3.5 million Brazilians started betting each month throughout 2024. With this average, more than 40 million users began using online betting platforms in the country.

This scenario demonstrates the strength of the sector in the Brazilian economy but also highlights the need for responsible practices on platforms, given the cases of addiction that still raise concerns in the country.

How big is the betting market in Brazil?

Betting sites handled more than R$ 100 billion in Brazil throughout 2024. With millions of users, the sector occupies a significant share of the economy and is expected to maintain this trend this year.

Even with regulation—which includes tax payments and rules to reduce excessive spending and other irregularities—sports betting platforms continue to record high revenues.

Brazil is one of the largest sports betting markets in the world, even surpassing the United States proportionally. The strong advertising presence on the internet and television, along with Brazilians’ interest in sports, drives this growth.

Are there Brazilian betting companies?

Although there are Brazilian betting companies, most are headquartered in tax havens worldwide, mainly in the Caribbean.

Companies like Esportes da Sorte and PixBet, for example, were developed to operate in Brazil and have Brazilian owners, but both are based in Curaçao, one of the main destinations for registering betting companies.

Recently, taking advantage of its partnership with its main sponsor, Flamengo decided to launch its own sports betting platform, FlaBet, in collaboration with PixBet.

Which betting companies are legalized in Brazil?

The list of betting sites authorized to operate in Brazil can be found on the official website of the Ministry of Finance. This list, in effect since last year, is updated as new companies comply with regulations.

For bettors, choosing a legalized platform in the country is essential, as it ensures that the site follows legitimate regulations and adopts practices that promote responsible gambling, reducing the risk of irregularities.

Economic impact and future of the betting market

With rising numbers, sports betting is expected to remain part of Brazilians’ daily lives. New platforms will emerge and seek regulation as the sector expands, with increasing investments in advertising.

A study revealed that the betting sector grew by 734% compared to 2021. In the long term, the new legislation is expected to benefit companies by providing more credibility with the public.

At the same time, oversight of irregular practices is expected to increase. Despite the law, a significant number of Brazilians still fall into debt by allocating essential resources to betting. Therefore, promoting responsible practices remains a priority.

How to bet safely?

The first step to ensuring responsible gambling is accessing only legalized sites, available on the Ministry of Finance website. Additionally, platforms like Aposta Hub provide reviews on company reputations and other relevant information.

Users should verify whether the platform follows established rules, paying attention to aspects such as payment methods and advertising strategies.

Another key factor is self-control: knowing personal limits and when to stop are crucial for safe gambling. With the advancement of awareness campaigns, the industry is moving toward a more ethical and responsible betting environment in the coming years.

Article credits: ApostaHub

Edited by: @_fonta www.zonadeazar.com