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Veikkaus’ digital gaming market share increased by 3 percentage points
2023 was a successful year for Veikkaus’ digital channel initiatives, and the company’s overall result was in line with its target. 180,000 new people registered as Veikkaus customers, and Veikkaus’ customer base now totals over 2.5 million registered customers.
Digital gaming grew by 4.5 percentage points and totalled nearly 55% of Veikkaus’ gross gaming revenue. Veikkaus channelled its development investments particularly into its digital channel, where the games created by Veikkaus’ own gaming studio also accounted for a large share of the gross gaming revenue generated by the company’s online casino, eArpa service, and other offerings. In addition, preparations were made during the year to ensure that Veikkaus would be ready for the customer registration requirement that will apply to all of its games from the beginning of 2024. Veikkaus is also the first gaming company in the world to require its customers to register when purchasing or redeeming physical scratch cards and lottery tickets, to ensure a safer gambling environment for all.
Veikkaus in 2023:
- The Veikkaus Group’s actual sales revenue in 2023 totalled EUR 1,033.1 million (-3.5% compared to 2022). The actual sales revenue includes the gross gaming revenue from gambling activities and turnover from other business activities.
- Veikkaus Group’s profit for the fiscal year was EUR 578.5 million (-13.7 %) while operating profit was EUR 573.6 million (-14.5 %). The decline in the result was due to an increase in the lottery tax, one time cost entries made as a result of the cooperation negotiations in the autumn, and significant investments in the Group’s future.
- The financial profit of parent company Veikkaus Oy for 2023 was EUR 585.0 million (-14.0%), and the operating profit was EUR 580.2 million (-14.7%). Veikkaus’ gross gaming revenue totalled EUR 1,032.0 million (-3.6 %). The decline was partly the result of Veikkaus’ responsibility measure, i.e. the identification requirement for physical ticket-based game players that came into force in May 2023.
- The lottery tax paid to the central government on gross gaming revenue increased by 1.6 percentage points from the previous year’s figure of 3.4%, amounting to 5% for the fiscal year. In 2023, Veikkaus Oy paid EUR 51.7 million in lottery tax, which is EUR 15.4 million more than the previous year.
- In 2023, authenticated gambling accounted for 90.6% (+11.1 percentage points) of Veikkaus’ domestic gambling activities. From 1 January 2024, all Veikkaus games can only be played by registered customers, who must identify themselves every time they play.
- At the end of 2023, Veikkaus had approximately 2,520,000 registered customers. The number of registered customers increased by approximately 180,000 (+8.0 %) during the year.
The long-running trend of gambling shifting to the digital channel continued in 2023, and 54.8% of gross gaming revenue from Veikkaus’ consumer-oriented gambling activities was derived from the digital channel (+4.5 percentage points). According to the estimate of H2 Gambling Capital, Veikkaus accounted for around 54% (+3 percentage points) of the Finnish digital gambling market for the year.
– Veikkaus’ profits and performance in 2023 were as expected, and we can be satisfied with these as a whole. The year was particularly successful for our online games, and Veikkaus will continue to deepen its development investments in its digital channel, says Veikkaus CFO Regina Sippel.
In terms of gross gaming revenue, the most successful of Veikkaus’ game groups was its online casino (digital automated games and digital table games), whose gross gaming revenue totalled EUR 184.0 million (+6.1%). This growth was particularly boosted by the company’s successful game releases.
Veikkaus’ most-played games were Eurojackpot and Lotto. The gross gaming revenue for Eurojackpot, which is drawn twice a week, was EUR 151.1 million (+0.0%). During the year under review, Lotto’s gross gaming revenue amounted to EUR 136.5 million (-8.9%).
2023 was the last year when Veikkaus Oy’s profit was settled to any beneficiary ministries. Beginning from 2024, Veikkaus Oy’s revenues will be directed to the state budget without any pre-defined beneficiaries.
All games to be covered by the identification requirement
Veikkaus began mandating the registration of players as Veikkaus customers for ticket-based games in mid-May. The impacts of the identification requirement on gaming have been as expected. Veikkaus also made preparations for the identification requirement for scratch card games, which entered into force on 1 January 2024 and meant that all Veikkaus games now require identification.
– Today, all of our games, including all physical scratch cards, are subject to the identification requirement. This means that we have become a worldwide pioneer in ensuring the responsibility of our gambling operations, says Susanna Saikkonen, Vice President for Sustainability at Veikkaus.
The identification of players enables a safer gambling environment where customers can be offered various services, such as loss and money transfer limits, and the possibility of self-exclusion of all games. The data obtained through identified gaming activities can also be used to prevent and reduce the harms of gambling.
– Using the data, we can analyse our players’ gambling habits and identify the signs of high-risk gambling. In 2023, our gambling harm prediction system helped us make over 3,700 calls to at-risk players, and we also introduced an automation-based care and communication model for high-risk level customers. In particular, we found that advance messages about calls, attempted calls, and the discussions that took place had a clear impact on the number of customers who decided to set a self-exclusion for themselves, Saikkonen explains.
From the perspective of preventing gambling problems, it will be vital to have other gambling companies operating in Finland follow Veikkaus’ example in complying with the same responsibility rules. The Government Programme states that Finland intends to introduce a partial multi-licence system at the beginning of 2026. It will be important to keep to the schedule that has been set. The new system will allow for the necessary tools and measures for preventing gambling problems. Every extra day in an environment without common rules is a day too late.
Veikkaus subsidiary Fennica Gaming expanded rapidly
During the year, the objective of Veikkaus subsidiary Fennica Gaming, which focuses on Veikkaus’ international business-to-business operations, was to expand the eArpa service to new markets, which it performed successfully. In 2023, the company delivered games to three continents and eight state-owned gaming companies. By the end of the year, Finnish online lotteries were available in the Nordic countries, the Baltic States, Central Europe, and America.
– Fennica Gaming’s corporate customers have been very satisfied with the quality of our games as well as Fennica Gaming’s service level, expertise, and the reliability of our deliveries. With these new markets, we have learned a lot about how we can best add value to our corporate customers’ business activities. We believe that our rapid expansion will also continue in 2024, says Timo Kiiskinen, CEO of Fennica Gaming.
casino games
Spinmatic ignites global accessibility with launch of Sizzling Blaze Jackpot Lite
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:
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Maximum Win Potential: Up to x10,012 the stake
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Tiered Jackpot System: Scatter-based Mini, Midi, and Maxi jackpots across 5 fixed paylines
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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.
Brasil
Brasil intensifica el debate sobre la regulación de apuestas mientras Lula critica el juego online
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.
Brazil
Brazil intensifies debate on betting regulation as Lula criticizes online gambling
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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