When looking at Brazilians’ preferred online casino games in a February 2022 poll, roughly eight in ten respondents mentioned roulette.
Meanwhile, according to Statista’s Digital Market Outlook, the South American giant reported the highest revenue from casino game apps among Latin American countries, generating nearly 22 million U.S.
This could be a turning point for a country that has long banned gambling activities, with the gross gaming revenue in sports betting in Brazil forecast to surpass five billion Brazilian reals by 2026. In 2018, a federal law was approved in Brazil which legalized online betting and set a four-year window to regulate the local market. Will Brazil become the leading gambling market in Latin America?
