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After years of delays, Brazil launched its legal online betting sector on 1 January and the consensus seems to be that it’s poised to become a top-three global market. With well over R$2 billion (US$352.1m) already paid in online licence fees, Brazil’s economy is set to benefit hugely from licensed digital gambling.
However, land-based gambling is facing similar delays to those that maligned Brazil’s journey to online regulation.
Despite the Brazil Justice and Citizenship Committee approving PL 2,234/2022 to legalise land-based casinos, bingo, jogo do bicho and betting on horse racing in June last year, the senate vote was postponed on numerous occasions.
Yet, the industry remains largely confident the land-based bill will finally be…
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