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BETMGM FY23 UPDATE: FY23 NET REVENUE FROM OPERATIONS OF $1.96 BILLION AT TOP END OF GUIDANCE

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BetMGM, LLC (“BetMGM”), one of the leading sports betting and iGaming operators across the U.S., jointly owned by MGM Resorts International (NYSE: MGM) (“MGM Resorts”) and Entain plc (LSE: ENT) (“Entain”) is today providing an update on performance for FY 2023.

  • BetMGM delivered a strong FY 2023 financial performance (based on unaudited results)
    • Net revenue from operations grew 36% year over year to $1.96 billion1, at the upper-end of $1.8-$2.0 billion guidance range2
      • Same-state growth in net revenue from digital operations of 14%
      • Key metrics across both iGaming and Online Sports Betting improved year over year, including average monthly actives, FTDs, hold percentages, bonus levels, NGR per active, and CPAs3
    • EBITDA positive in the second half of 2023 with expected FY 2023 EBITDA loss of approximately $67 million4
  • Established as a leading operator across North America, live in 28 markets with access to 49% of adult population5
    • Four new markets launched during the year: Ohio (online and retail), Massachusetts (online and retail), Puerto Rico (online) and Kentucky (online and retail)
    • 14% market share in Sports Betting and iGaming in the U.S. and 22% in Ontario6
    • Secured market access with Charlotte Motor Speedway ahead of expected March 2024 launch of newly legalised sports betting market in North Carolina, pending regulatory approval
  • Further operational progress supported by technology, product and capability enhancements, positions BetMGM to drive growth going forward
    • Seamless execution of single account single wallet across 21 markets ahead of the 2023 NFL season
    • Enhanced sports betting experience with improved speed7, broader market coverage and new differentiated bet types
    • New in-house and exclusive games, including Dual Play Roulette, as well as largest progressive jackpots underpinning market leading iGaming offering
  • December 4th BetMGM business update set out strategic roadmap to drive growth in 2024
    • Expanding the depth and breadth of our sports offering by leveraging Angstrom’s sophisticated modelling to support innovative and original products, including player-popular Same Game Parlay (“SGP”), SGP+ and new LIVE SGP products
    • Continue to deliver market-leading and engaging gaming experiences that are more personalized and differentiated, including exclusive and MGM-branded content
    • Increasingly investing in marketing and player acquisition as sports product and player retention continue to improve
    • Unlocking BetMGM’s unique omnichannel advantages, particularly in Las Vegas, Nevada
      • Launched new improved app in January with single wallet functionality expected later in 2024
      • Leveraging Las Vegas sports teams and tentpole events, for example BetMGM’s first Big Game commercial featuring Tom Brady, Wayne Gretzky and Vince Vaughn
  • Reiterating guidance from December 2023 business update of targeting approximately $500 million of EBITDA in 2026
  • Recognized as Digital Operator of the Year by Global Gaming Awards, Online Casino of the Year by American Gambling Awards, and Casino Operator of the Year by EGR North America and SBC Awards North America.
  • Ongoing commitment to industry leadership in player safety and responsible gaming
    • Secured five-year extension with GameSense program, providing player tools and capabilities to play responsibly
    • Partnered with nine NFL teams to promote responsible gambling in stadiums during games
    • Piloted the first of its kind program with Kindbridge Health to evaluate efficacy of offering self-excluded individuals’ referrals for problem gambling treatments

Adam Greenblatt, CEO of BetMGM, commented:

“Our performance in 2023 demonstrates our commitment to delivering on our promises. We were able to achieve strong organic growth, while executing against key strategic initiatives that lay the foundation for 2024 and beyond. The attainment of EBITDA profitability over the last three quarters of 2023 validates the effectiveness of our business model and provides the basis from which to invest further in expanding our sports offering through the integration of Angstrom and leveraging our largely untapped Las Vegas omni-channel advantages. With this comprehensive roadmap in place, we can focus on driving accelerated player acquisition and retention and strengthening our current market position. This clear strategic direction underpins our confidence in achieving our targets and building long-term, sustainable value for shareholders.”

Notes

(1)

FY2023 net revenue for BetMGM on a GAAP basis is expected to be approximately $1,920 million, which includes approximately $64 million related to Nevada MGM operations for which BetMGM records on a net basis as BetMGM is considered to be the agent in the Nevada transactions for GAAP purposes

(2)

FY2023 non-GAAP net revenue guidance established in January 2023

(3)

Key metrics include average monthly actives, first time depositors (“FTDs”), hold percentages, bonus levels, net gaming revenue per active (“NGR per active”), and cost per acquisition (“CPAs”)

(4)

BetMGM has not completed its financial closing procedures for the three months and year ended December 31, 2023 and actual results can differ materially from these estimates.  In addition, BetMGM’s independent registered public accounting firm has not audited, reviewed or performed any procedures with respect to these preliminary estimates. During the course of the preparation of BetMGM’s audited financial statements, BetMGM and its auditors may identify items that would require material adjustments to these estimates. As a result, these estimates constitute forward-looking statements and, therefore, investors are cautioned that they are subject to risks and uncertainties, including possible adjustments. 

(5)

BetMGM operates iGaming and Online Sports Betting in five markets and Sports Betting only (combined online and retail) in 23 markets.

(6)

Market share for last three months ending November 2023 by GGR including only U.S. markets where BetMGM was active; internal estimates used where operator-specific results are unavailable. Ontario market share reflects the three-month period through December 2023.

(7)

 Google Core Web Vitals validate that BetMGM in now one of the fastest apps in the U.S.

 

Forward-looking statements:

This document contains certain statements that are forward-looking statements. They appear in a number of places throughout this document and include statements regarding our intentions, beliefs or current expectations and those of our officers, directors and employees concerning, amongst other things, results of our operations, financial condition, liquidity, prospects, growth, strategies and the business we operate. Examples of these statements include, but are not limited to, BetMGM’s expectations regarding its financial outlook (including EBITDA guidance). These forward-looking statements include all matters that are not historical facts. By their nature, these statements involve risks and uncertainties since future events and circumstances can cause results and developments to differ materially from those anticipated. Any such forward-looking statements reflect knowledge and information available at the date of preparation of this document. Among the important factors that could cause actual results to differ materially from those indicated in such forward-looking statements include the significant competition within the gaming and entertainment industry; BetMGM’s ability to execute on its business plan; changes in applicable laws or regulations, particularly with respect to iGaming and online sports betting; BetMGM’s ability to manage growth and access the capital needed to support its growth plans; and BetMGM’s ability to obtain the required licenses, permits and other approvals necessary to grow in existing and new jurisdictions. In providing forward-looking statements, Entain is not undertaking any duty or obligation to update these statements publicly as a result of new information, future events or otherwise, except as required by law. Other than in accordance with its legal or regulatory obligations (including under the Market Abuse Regulation (596/2014), the Listing Rules, the Disclosure Guidance and Transparency Rules and the Prospectus Rules), Entain undertakes no obligation to update or revise any such forward-looking statements. Nothing in this document should be construed as a profit forecast. Entain and its directors accept no liability to third parties in respect of this document save as would arise under English law.

Non-GAAP Financial Information:

This press release includes net revenue from operations and estimated EBITDA, which have not been prepared in accordance with GAAP. BetMGM believes this presentation, which it uses for its own analysis of operations, is useful in that it reflects the true economic performance of the business. If BetMGM presented net revenue from operations in accordance with GAAP, then BetMGM would present the revenues associated with its Nevada digital and retail sports betting operations different, until such time as BetMGM is licensed as a Nevada gaming operator. Currently under GAAP, its calculation of Net Revenue would be on a basis net of operating costs, such that the GAAP reported Net Revenue would be lower than the Net Revenue reported herein, with Net Income remaining the same.

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Spinmatic ignites global accessibility with launch of Sizzling Blaze Jackpot Lite

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Malta, 9th March 2026 – Spinmatic, a leading developer of premium casino games, has officially launched Sizzling Blaze Jackpot Lite, the first title in its innovative LITE series. Designed to bring high-performance casino gaming to regions with low-speed internet and restricted bandwidth, this ultra-lightweight version ensures a seamless experience for all players.

The new 4MB Sizzling Blaze Jackpot Lite optimizes load times while maintaining the excitement and winning potential of the original fan-favourite. Players in emerging markets can now enjoy instant gameplay without hardware limitations or connectivity issues.

Despite its compact size, the game delivers a powerful experience:

  • Maximum Win Potential: Up to x10,012 the stake

  • Tiered Jackpot System: Scatter-based Mini, Midi, and Maxi jackpots across 5 fixed paylines

  • Interactive Gamble Feature: Double winnings up to five times by predicting card colours

The retro-inspired, fiery aesthetic with classic fruit symbols remains intact, ensuring that the “Lite” version preserves the core identity and thrill of the Sizzling Blaze brand.

This release marks a strategic step for operators seeking to expand into emerging markets without compromising quality. With more LITE versions of Spinmatic’s popular titles planned for the coming months, the company continues to champion user-centric game development and global accessibility.

Spinmatic’s Sizzling Blaze Jackpot Lite proves that lightweight technology can coexist with high-octane gameplay, bringing premium casino experiences to every corner of the world.

The post Spinmatic ignites global accessibility with launch of Sizzling Blaze Jackpot Lite appeared first on Eastern European Gaming | Global iGaming & Tech Intelligence Hub.

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Brasil intensifica el debate sobre la regulación de apuestas mientras Lula critica el juego online

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La industria de las apuestas deportivas en Brasil sigue en el centro de un intenso debate político y regulatorio mientras los legisladores discuten nuevas restricciones a la publicidad, mecanismos de financiamiento público y el futuro papel del sector en la economía del país.

La discusión se intensificó después de que el presidente Luiz Inácio Lula da Silva criticara el juego online durante un discurso nacional, lo que generó preocupación entre operadores regulados e inversionistas.

Mientras el Congreso analiza varios proyectos de ley que podrían transformar el mercado, actores de la industria advierten que medidas demasiado restrictivas podrían afectar los patrocinios deportivos, la inversión y los esfuerzos para combatir el mercado ilegal de apuestas.

Las declaraciones del presidente generan preocupación en el sector regulado

El debate político en Brasil sobre las apuestas deportivas se intensificó después de que el presidente Luiz Inácio Lula da Silva sugiriera que el juego online podría enfrentar restricciones más estrictas o incluso una posible prohibición en el futuro.

Durante un mensaje nacional transmitido por radio y televisión el 8 de marzo, el mandatario defendió la creación de una legislación que podría limitar o prohibir la actividad de apuestas online en el país.

Según el medio especializado BNLData, representantes de la industria y expertos legales advirtieron que este tipo de medidas podría tener consecuencias económicas significativas y fortalecer el mercado ilegal de apuestas.

Plínio Lemos Jorge, presidente de la Asociación Nacional de Juegos y Loterías (ANJL), afirmó que el principal problema no son las plataformas reguladas, sino la gran cantidad de operadores ilegales que actualmente operan fuera del control del gobierno.

Analistas también señalaron que la incertidumbre generada por las declaraciones del presidente podría afectar la inversión internacional.

Según informes citados por la industria, al menos dos proveedores globales ya habrían reconsiderado sus planes de establecer operaciones en Brasil.

El impacto potencial también podría extenderse al mercado laboral. Estimaciones del sector sugieren que hasta 40.000 empleos directos podrían verse afectados si se implementara una prohibición del juego online.

Los operadores con licencia también podrían iniciar acciones legales para proteger sus derechos, considerando que cada empresa pagó aproximadamente 6 millones de dólares para obtener autorización para operar en el mercado brasileño.

El deporte brasileño también podría enfrentar consecuencias. Solo en 2025, las empresas de apuestas invirtieron cerca de 220 millones de dólares en patrocinios del fútbol, y 13 de los 20 clubes de la Serie A cuentan actualmente con operadores de apuestas como patrocinadores principales en sus camisetas.

El sector también destacó su creciente contribución fiscal.

Según datos de la industria, las apuestas online generaron alrededor de 2.900 millones de dólares en impuestos y contribuciones en 2025, recursos que financian diversos programas públicos.

Ante este escenario, analistas sostienen que el debate político en Brasil debería centrarse en fortalecer la regulación y combatir a los operadores ilegales, en lugar de adoptar medidas prohibicionistas que podrían empujar a los jugadores hacia plataformas no reguladas.

Restricciones publicitarias y financiamiento público marcan la agenda regulatoria

La industria de apuestas deportivas en Brasil enfrenta actualmente un intenso debate político y regulatorio.

Poco más de un año después de que el país implementara el marco legal que formalizó el sector, los legisladores están discutiendo una serie de proyectos de ley que podrían modificar significativamente el funcionamiento del mercado.

Entre las propuestas más destacadas se encuentran restricciones a la publicidad de las casas de apuestas, limitaciones al marketing con influencers, prohibiciones de apuestas relacionadas con procesos electorales y nuevos mecanismos para canalizar ingresos del sector hacia programas públicos.

El debate refleja la creciente visibilidad política de una industria que ha experimentado un rápido crecimiento desde la implementación de la regulación.

Con millones de apostadores activos y miles de millones de dólares circulando cada mes, las apuestas deportivas se han convertido en un actor económico relevante en Brasil, especialmente en los sectores del deporte, los medios y el entretenimiento.

Al mismo tiempo, el crecimiento acelerado del sector ha generado preocupaciones entre legisladores sobre su impacto social, la exposición publicitaria y la necesidad de establecer límites más claros para las estrategias comerciales de las plataformas de apuestas.

El Senado analiza restricciones más estrictas a la publicidad

Uno de los temas centrales en el Congreso brasileño es la propuesta de introducir restricciones más estrictas a la publicidad de apuestas deportivas.

Un proyecto de ley actualmente en discusión propone prohibir la publicidad de operadores de apuestas en diversos medios de comunicación, restringir asociaciones promocionales con influencers digitales y prohibir apuestas relacionadas con procesos electorales.

La iniciativa fue presentada por el senador Randolfe Rodrigues y actualmente es revisada por la senadora Damares Alves.

El proyecto ya fue aprobado por la Comisión de Ciencia y Tecnología del Senado y ahora será analizado por la Comisión de Constitución y Justicia (CCJ) antes de avanzar eventualmente hacia una votación en el pleno.

De aprobarse, la legislación establecería uno de los marcos regulatorios publicitarios más estrictos para el sector de apuestas en Brasil. El proyecto propone modificar las leyes 13.756/2018 y 14.790/2023, que actualmente regulan el mercado.

Las infracciones podrían implicar sanciones significativas, incluyendo multas de hasta 2 millones de dólares, además de la suspensión temporal o incluso la revocación de licencias de operación.

Posible impacto en el fútbol brasileño

Las restricciones publicitarias han generado preocupación entre clubes de fútbol y actores de la industria del entretenimiento, ya que los acuerdos de patrocinio con casas de apuestas se han convertido en una de las principales fuentes de ingresos comerciales para el fútbol brasileño.

Estimaciones del sector indican que las empresas de apuestas invirtieron más de 220 millones de dólares en acuerdos de patrocinio con clubes de la Serie A durante 2025.

Para 2026, se espera que la inversión en patrocinio se mantenga cerca de 200 millones de dólares, con la mayoría de los equipos de primera división manteniendo acuerdos con operadores de apuestas.

Actualmente, 14 clubes de la primera división brasileña cuentan con patrocinios de empresas de apuestas, y 13 de ellos tienen marcas de apuestas como patrocinador principal en sus camisetas.

El Instituto Brasileño de Juego Responsable (IBJR) estima que los clubes reciben en promedio 2,6 veces más ingresos por patrocinios de apuestas que por premios deportivos en competiciones.

Representantes de la industria advierten que una prohibición amplia de la publicidad podría afectar significativamente la estructura financiera del fútbol brasileño.

La industria advierte sobre consecuencias no deseadas

Diversos ejecutivos del sector de apuestas han manifestado preocupación por las posibles consecuencias de una prohibición generalizada de la publicidad.

Según los operadores, la comunicación comercial cumple un papel clave para ayudar a los consumidores a distinguir entre plataformas reguladas y sitios ilegales que operan fuera del control gubernamental.

Estudios recientes sugieren que el mercado ilegal de apuestas sigue teniendo una presencia significativa en Brasil.

Un informe de Yield Sec estimó que operadores ilegales manejaron alrededor de 3.600 millones de dólares en apuestas durante el primer semestre de 2025.

Durante ese mismo período, el gobierno habría perdido aproximadamente 920 millones de dólares en ingresos fiscales debido a actividades no reguladas.

Estimaciones del sector indican que plataformas no autorizadas podrían representar hasta el 49% del mercado total de apuestas online en Brasil.

Los operadores argumentan que restringir la publicidad podría dificultar que los consumidores identifiquen marcas autorizadas, beneficiando indirectamente a operadores ilegales que no cumplen con las regulaciones locales.

Proponen utilizar ingresos de apuestas para financiar la salud

Mientras algunos legisladores buscan limitar la actividad de las apuestas, otros exploran formas de utilizar el sector como fuente de financiamiento para programas sociales.

Una propuesta destacada, presentada por la senadora Dra. Eudócia, permitiría que instituciones filantrópicas de salud operen plataformas de apuestas de cuota fija.

Según el proyecto, hospitales filantrópicos, organizaciones de salud y entidades benéficas que prestan servicios al sistema público de salud brasileño (SUS) podrían obtener licencias para operar apuestas.

A diferencia de los operadores comerciales, estas instituciones estarían exentas del pago de la licencia requerida para ingresar al mercado.

El proyecto establece que todos los ingresos netos generados por estas operaciones deberán destinarse exclusivamente a financiar iniciativas de salud, incluyendo la compra de medicamentos, equipamiento médico y mejoras en la infraestructura hospitalaria.

Para garantizar la transparencia, las organizaciones deberán mantener contabilidad separada para las operaciones vinculadas a apuestas.

La iniciativa se inspira en modelos internacionales en los que los ingresos de juegos regulados financian programas sociales.

Seguridad pública también busca recursos del sector

El sector de apuestas también ha entrado en el debate sobre el financiamiento de programas de seguridad pública en Brasil.

Una propuesta de enmienda constitucional aprobada en la Cámara de Diputados establece que el 30% de los ingresos fiscales provenientes de las apuestas podría destinarse al Fondo Nacional de Seguridad Pública.

Camilla Pintarelli, directora del fondo, afirmó que la medida podría representar un avance importante para garantizar recursos estables destinados a políticas de seguridad, especialmente en regiones con mayores desafíos estructurales.

En 2025, aproximadamente 100 millones de dólares fueron retirados del fondo debido a mecanismos fiscales que permitieron la reasignación de recursos, situación que generó críticas entre especialistas en seguridad pública.

Un mercado que continúa creciendo

Desde que la regulación del sector entró oficialmente en vigor en enero de 2025, el mercado brasileño de apuestas deportivas ha experimentado una rápida expansión.

Datos del Banco Central de Brasil indican que los apostadores gastaron entre 4.000 y 6.000 millones de dólares por mes durante 2025.

El sector generó aproximadamente 7.400 millones de dólares en ingresos brutos ese año y atrajo a decenas de operadores internacionales interesados en ingresar al mercado brasileño.

Actualmente, el gobierno brasileño ha autorizado a 84 empresas para operar en el país, lo que representa 185 marcas diferentes de apuestas.

Cada operador pagó aproximadamente 6 millones de dólares por una licencia, además de cumplir con requisitos regulatorios establecidos por la Secretaría de Premios y Apuestas del Ministerio de Hacienda.

Perspectivas para el sector

A medida que el mercado continúa evolucionando, es probable que el debate político sobre el papel de las apuestas en la economía brasileña se intensifique.

Las propuestas legislativas actualmente en discusión reflejan diferentes visiones sobre cómo equilibrar el crecimiento económico del sector con la protección del consumidor y la responsabilidad social.

Mientras algunos legisladores defienden restricciones más estrictas a la publicidad y al marketing, otros ven en la industria una oportunidad para financiar sectores estratégicos como la salud pública y la seguridad.

En última instancia, el futuro del mercado de apuestas en Brasil dependerá no solo del desempeño de las empresas que operan en el país, sino también de las decisiones regulatorias que adopte el Congreso en los próximos meses.

The post Brasil intensifica el debate sobre la regulación de apuestas mientras Lula critica el juego online appeared first on Americas iGaming & Sports Betting News.

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Brazil intensifies debate on betting regulation as Lula criticizes online gambling

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President’s remarks raise concerns across the regulated betting sector

Brazil’s political debate over sports betting intensified after President Luiz Inácio Lula da Silva suggested that online gambling could face stricter restrictions or even a potential ban in the future.

During a national radio and television address on March 8, the president defended the creation of legislation that could limit or prohibit online betting activity in the country.

According to specialized outlet BNLData, industry representatives and legal experts warned that such measures could have significant economic consequences and potentially strengthen the illegal gambling market.

Plínio Lemos Jorge, president of the National Association of Games and Lotteries (ANJL), argued that the main issue is not regulated platforms but the large number of illegal operators currently outside government oversight.

Analysts also noted that the uncertainty generated by the president’s remarks could impact international investment. According to reports cited by the industry, at least two global suppliers have already reconsidered plans to establish operations in Brazil.

The potential impact could extend to the labor market as well. Industry estimates suggest that up to 40,000 direct jobs could be affected if a ban on online betting were implemented.

Licensed operators could also pursue legal action to protect their rights, considering that each company paid approximately $6 million for authorization to operate in the Brazilian market.

Brazilian sports could also face consequences. In 2025 alone, betting companies invested roughly $220 million in football sponsorships, with 13 of the 20 Serie A clubs currently featuring betting operators as their main shirt sponsors.

The sector also highlighted its growing fiscal contribution. According to industry data, online betting generated around $2.9 billion in taxes and contributions in 2025, supporting several public programs.

Given these factors, analysts argue that Brazil’s policy debate should focus on strengthening regulation and combating illegal operators rather than adopting prohibitionist measures that could push players toward unregulated platforms.

Advertising restrictions and public funding proposals shape the regulatory agenda

Brazil’s sports betting industry is currently facing an intense political and regulatory debate.

Just over a year after the country implemented the legal framework that formally regulated the sector, lawmakers are discussing a series of bills that could significantly reshape the market.

Among the most prominent proposals are restrictions on betting advertising, limitations on influencer marketing campaigns, bans on bets related to electoral processes and new mechanisms to channel betting revenues into public programs.

The debate reflects the growing political visibility of an industry that has expanded rapidly since regulation was introduced.

With millions of active bettors and billions of dollars circulating monthly, sports betting has become an important economic player in Brazil, particularly across sports, media and entertainment.

At the same time, the sector’s rapid growth has raised concerns among legislators about its social impact, advertising exposure and the need for clearer limits on commercial strategies used by betting platforms.

Senate discusses stricter advertising rules

One of the central topics in Brazil’s Congress is a proposal to introduce stricter restrictions on sports betting advertising.

A bill currently under discussion would prohibit advertising by betting operators across several media channels, restrict promotional partnerships with digital influencers and ban wagers related to electoral processes.

The proposal was introduced by Senator Randolfe Rodrigues and is currently being reviewed by Senator Damares Alves.

It has already been approved by the Senate’s Science and Technology Committee and will now be analyzed by the Constitution and Justice Committee (CCJ) before potentially moving to a plenary vote.

If approved, the legislation would establish one of the strictest advertising frameworks for the betting sector in Brazil. The bill proposes amendments to Laws 13.756/2018 and 14.790/2023, which currently regulate the market.

Violations could lead to significant penalties, including fines of up to US$2 million, as well as temporary suspension or even revocation of operating licenses.

Potential impact on Brazilian football

Advertising restrictions have raised concerns among football clubs and entertainment industry stakeholders, as sponsorship deals with betting companies have become one of the most important commercial revenue streams for Brazilian football.

Industry estimates indicate that betting companies invested more than $220 million in sponsorship agreements with Serie A clubs during 2025.

For 2026, sponsorship spending is expected to remain close to $200 million, with the majority of top-tier teams maintaining partnerships with betting operators.

Currently, 14 clubs in Brazil’s first division have sponsorship deals with betting companies, and 13 feature betting brands as their primary shirt sponsor.

The Brazilian Institute of Responsible Gaming (IBJR) estimates that clubs receive on average 2.6 times more revenue from betting sponsorships than from competition prize money.

Industry representatives warn that a broad advertising ban could significantly affect the financial structure of Brazilian football.

Industry warns of unintended consequences

Several executives within the betting sector have raised concerns about the consequences of a broad advertising ban.

According to operators, commercial communication plays a key role in helping consumers distinguish regulated platforms from illegal sites operating outside government oversight.

Recent studies suggest that the illegal betting market continues to maintain a significant presence in Brazil.

A report by Yield Sec estimated that illegal operators handled around $3.6 billion in wagers during the first half of 2025 alone.

During the same period, the government may have lost approximately $920 million in tax revenue due to unregulated activity.

Industry estimates suggest that unauthorized platforms could represent up to 49% of Brazil’s total online betting market.

Operators argue that restricting advertising could make it harder for consumers to identify licensed brands, potentially benefiting illegal operators that do not comply with Brazilian regulations.

Betting revenues proposed as funding source for healthcare

While some lawmakers are seeking to limit betting activities, others are exploring ways to use the sector as a funding source for social programs.

One notable proposal, introduced by Senator Dra. Eudócia, would allow philanthropic healthcare institutions to operate fixed-odds betting platforms.

Under the proposal, philanthropic hospitals, health organizations and charities that provide services to Brazil’s public healthcare system (SUS) could obtain betting licenses.

Unlike commercial operators, these institutions would be exempt from paying the licensing fee required to enter the market.

The bill stipulates that all net revenue generated by these betting operations must be used exclusively to fund healthcare initiatives, including purchasing medicines, medical equipment and improving hospital infrastructure.

To ensure transparency, the proposal requires organizations to maintain separate accounting for betting-related operations.

The initiative draws inspiration from international models where regulated gambling revenues support social programs.

Public security funding also enters the debate

The betting sector has also entered discussions about funding public security programs.

A constitutional amendment proposal approved in Brazil’s Chamber of Deputies would allocate 30% of betting tax revenue to the National Public Security Fund.

Camilla Pintarelli, director of the fund, stated that the measure could represent an important step toward ensuring stable resources for public security policies, particularly in regions facing structural challenges.

In 2025, approximately $100 million were removed from the fund due to fiscal mechanisms that allowed the government to reallocate resources, a situation that generated criticism from public security specialists.

A market that continues to grow

Since the betting regulation officially came into force in January 2025, Brazil’s sports betting market has experienced rapid expansion.

Data from Brazil’s Central Bank indicates that bettors wagered between $4 billion and $6 billion per month during 2025.

The sector generated approximately $7.4 billion in gross revenue that year and attracted dozens of international operators interested in entering the Brazilian market.

Currently, the Brazilian government has authorized 84 companies to operate in the country, representing 185 different betting brands.

Each operator paid approximately $6 million for a license, in addition to meeting regulatory requirements established by the Secretariat of Prizes and Betting within the Ministry of Finance.

Outlook for the sector

As the market continues to evolve, political debate over the role of betting in Brazil’s economy is expected to intensify.

The legislative proposals currently under discussion reflect different views on how to balance economic growth with consumer protection and social responsibility.

While some lawmakers advocate stricter advertising restrictions and tighter marketing rules, others see the industry as an opportunity to finance strategic sectors such as healthcare and public security.

Ultimately, the future of Brazil’s betting market will depend not only on the performance of licensed operators but also on the regulatory decisions taken by Congress in the coming months.

The post Brazil intensifies debate on betting regulation as Lula criticizes online gambling appeared first on Americas iGaming & Sports Betting News.

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