Wagers will keep growing, says Bradesco BBI
The regulation of the online betting market, which came into effect at the beginning of 2025, was one of the factors that drove the boom in the sector in Brazil, and the trend in the coming years is for sustained double-digit growth, according to Bradesco BBI, which mapped the betting market in Latin America. According to […] The post Bets will continue to grow, says Bradesco BBI appeared first on Brazil Journal .
The Brazilian online betting market experienced a significant boom after regulation came into effect at the start of 2025, according to a report by Bradesco BBI. The country's gross gaming revenue (GGR) jumped 33% to $17 billion last year, and is expected to grow by 11% to around $20 billion this year. Despite a predicted slowdown, the report forecasts sustained double-digit growth in the coming years, driven by a relatively low penetration rate of 22% among Brazilian adults.
The growth of online betting has had a negative impact on other sectors, such as retail, with some companies citing it as a reason for poor results.
Written by urgent.news from Brazil Journal's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
