Brazil’s Lack of Online Gambling Regs Isn’t Stopping Operators From Taking Over – Agora Poker

Brazil’s Lack of Online Gambling Regs Isn’t Stopping Operators From Taking Over

Brazil’s Lack of Online Gambling Regs Isn’t Stopping Operators From Taking Over

Brazil is still trying to figure out if it wants to regulate online sports betting , and may not be involved anytime soon. However, this doesn’t mean sports betting operators aren’t rolling into the country on a continuous basis. Brazilian soccer fans have a good time at a match. The country’s love for soccer, and all sports, is helping its online sports betting market grow rapidly. (Image: Getty Images) Bookmakers continue to expand their operations in Brazil, according to a report by the site Aposta Hub. Although the federal government has said on several occasions that regulations will be ready before the World Cup, it’s not a bet with good odds.

Still, because Brazil has the greatest potential for sports betting and online casinos, operators want to make sure they are first in line. Online gaming will be the future, as 152 million Brazilians, or 81% of the population, have access to the internet, according to government-led news agency Agencia Brasil . Brazilians Ready for Betting

The Brazilian online gaming market could rival those of other Latin American countries. Argentina and Colombia have begun developing their own outlets, but a predilection for online activity in Brazil could quickly propel it into the lead.

Many soccer teams in the country have huge followings – some more than 30 million fans. So while several countries are currently trying to build a barrier between sports sponsorships and sports betting operators, Brazil isn’t.

Another media outlet, Grupo Globo, recently revealed that around 67% of Brazilian online bettors participate for the entertainment value. This is similar to other studies that show that the majority of sports bettors only view betting as a form of entertainment.

In addition, the eSports market in Brazil is one of the largest in the world. It’s right behind the US and China, although it has continued to gain ground over the past couple of years.

The Brazilian betting market moved R$7 billion (US$1.33 billion) in 2020. Recent predictions estimate that it will be worth as much as R$12 billion (US$2.28 billion) next year.

The monthly volume of online searches related to the sports […]

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Author: wpadmin

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