With 78 approved and supervised businesses functioning under the supervision of the Ministry of Finance’s Secretariat of Prizes and Betting (SPA-MF), Brazil’s fixed-odds betting market has demonstrated substantial activity following more than six months of operation under new regulations.
Market expansion, bettor involvement and initiatives to combat illicit activities are highlighted in its first-half report.
The Secretariat reports that from January to June 2025, 17.7m Brazilians placed wagers on 182 approved betting sites.
During this period, the oversight body’s main priorities were to combat the illegal market and ensure compliance among licensed operators. Notably, since October 2024, the SPA and the National Telecommunications Agency (Anatel) have blocked more than 15,463 websites linked to gambling.
Betting Profile and Financial Impact
The demographics of bettors were disclosed by data from the General Betting Management System (Sigap).
Men made up 71% of the 17.7m users, while women made up 28.9%. The age group of 31–40 years old accounted for 27.8% of all bettors, followed by 18–25 (22.4%) and 25–30 (22.2%).
In the first half of 2025, gross gaming revenue (GGR), which is the difference between wagers and prizes paid, was R$17.4bn (£2.3bn). Over the course of the six months, each active bettor spent an average of R$983 (£134.47) per semester, or R$164 (£22.44) per month.
Additionally, the industry generated R$2.2bn (£300.9m) from authorisation fees and approximately R$50m (£6.8m) from inspection fees paid by operators.
As Secretary Regis Dudena noted, “Our goal is, from now on, to periodically disclose the SPA’s activities and the evolution of the fixed-odds betting market in Brazil, fulfilling this government’s commitment to transparency.”
The Secretariat stressed that continued oversight will strengthen protections for Brazilian bettors on all regulated digital platforms and services in the country, guarantee compliance, and enhance enforcement mechanisms.
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