Brazil’s Sports Betting Market Heats Up as License Applications Surge

Brazil’s regulated sports betting and online gaming market is set to launch on January 1, 2025, and the race to secure licenses is exceeding expectations. By Tuesday night’s deadline, a staggering 108 companies had submitted applications to the Secretariat of Prizes and Betting (SPA) of the Ministry of Finance. This figure far surpasses the SPA’s initial estimate of around 40 qualifying companies.

The Betting Management System (Sigap) recorded a total of 114 submitted cases, with one exclusion (Betbet). Several companies, including Gamewiz, Reals, Tropicalize, Defy, and AF Tecnologia, submitted multiple requests.

Each authorized company can operate up to three brands in the Brazilian market. After the deadline, operating without a federal license will be illegal, prohibiting advertising, sponsorships, and related financial transactions.

Major Players Vie for Position

The Sigap website reveals a list of prominent national and global operators seeking to establish a regulated presence in Brazil. National companies such as EstrelaBet, BETesporte, Betnacional, Esportes da Sorte, Betsul, Bet7k, and Reals are joined by international giants like bet365, Caesars Sportsbook, 1xBet, Betsson, KTO, Superbet, Sportingbet, Vbet, Betano, and Betfair.

Government Anticipates Significant Revenue

The government projects initial revenue from concessions to reach R$3 billion (US$550 million), with each grant valued at R$30 million (US$5.5 million). However, the Secretary of Prizes and Bets, Régis Dudena, cautioned that not all registered companies will receive authorization.

“Since the vast majority of applications were filed in the last few days, we still do not have an initial assessment regarding the completeness of the requirements, but it is expected that not all will comply with all of the requirements,” assured Dudena.

The SPA’s analysis may lead to a reduction in the number of approved licenses or delays in the approval process. Some applicants lack the minimum share capital, while others have indicated incompatible National Classification of Economic Activities (CNAE).

Tax Implications and Market Potential

In addition to grants, operators will be subject to a 12% tax on gross gaming revenue (GGR) and an inspection fee, effective January 1, 2025. The Brazilian market is estimated at around R$100 billion (US$18.4 billion) per year. Prize winners will also pay 15% on winnings above the minimum wage.

Online betting sites in Brazil will operate under the new domain “bet.br,” designed to combat fraud and illegal betting activities.

The Prizes and Betting Secretariat will evaluate all applications. Companies that applied in August can expect a response by November, followed by a one-month window to pay the R$30 million (US$5.5 million) grant.

The government anticipates that Brazil will become one of the world’s largest markets, recognizing the significant economic impact of sports betting and online gaming.

While the application window remains open, there is no guarantee that new entrants will begin operating on January 1st of next year.

Updated List of Betting Management System (Sigap) Applicants

Here is an updated list of applicants to the Betting Management System (Sigap):

  • 001 – Kaizen Gaming Brasil Ltda (BETANO)
  • 002 – SPRBTBR Ltda (SUPERBET)
  • 003 – MMD Tecnologia Entretenimento e Marketing Ltda (REI DO PITACO)
  • 004 – Ventmear Brasil S.A. (SPORTINGBET)
  • 005 – Big Brazil Tecnologia e Loteria S.A. (CAESARS SPORTSBOOK)
  • 006 – NSX Brasil S.A. (BETNACIONAL, MR. JACK and PAGBET)
  • 007 – Apollo Operations Ltda (KTO)
  • 008 – Simulcasting Brasil Som e Imagem S.A. (BETSSON)
  • 009 – Galera Gaming Jogos Eletrônicos S.A. (GALERA.BET)
  • 010 – F12 do Brasil Jogos Eletrônicos Ltda (F12)
  • 011 – Blac Jogos Ltda (SPORTYBET)
  • 012 – EB Intermediações e Jogos S.A. (ESTRELABET)
  • 013 – Reals Brasil Ltda (REALS)
  • 014 – Betfair Brasil Ltda (BETFAIR)
  • 015 – OIG Gaming Ltda
  • 016 – Hiper Bet Tecnologia Ltda (HIPERBET)
  • 017 – NVBT Gaming Ltda (NOVIBET)
  • 018 – Seguro Bet Ltda (SEGUROBET)
  • 019 – Gamewiz Brasil Ltda
  • 020 – Gamewiz Brasil Ltda
  • 021 – HS do Brasil Ltda (BET365)
  • 022 – Aposta Ganha Loterias Ltda (APOSTA GANHA)
  • 023 – Futuras Apostas Ltda (BRAZINO777)
  • 024 – Sorento Bay Ltda (BETWAY)
  • 025 – Lucky Gaming Ltda (4PLAY.BET)
  • 026 – Grove Eagle Gestão de Bens Ltda (ESTADIUM)
  • 027 – H2 Licensed Ltda (H2BET e SEUBET)
  • 028 – SC Operating Brazil Ltda (VBET)
  • 029 – CDA Gaming Ltda (CASA DE APOSTAS e BETSUL)
  • 030 – Esportes Gaming Brasil Ltda (ESPORTES DA SORTE and ONABET)
  • 031 – Fast Gaming S.A. (BETFAST.IO)
  • 032 – Suprema Bet Ltda (SUPREMA.BET)
  • 033 – Betesporte Aposta Online Ltda (BETESPORTE and LANCE DE SORTE)
  • 034 – RRX Soluções Tecnológicas Ltda
  • 035 – King Panda Group Ltda (KINGPANDA)
  • 036 – Boa Lion S.A. (LEOVEGAS)
  • 037 – Betspeed Ltda (BETSPEED)
  • 038 – Defy Ltda (1XBET)
  • 039 – Blow Marketplace Ltda
  • 040 – Levante Brasil Ltda (SORTE ONLINE)
  • 041 – Digiplus Brazil Interactive Ltda
  • 042 – Pixbet Soluções Tecnológicas Ltda (PIXBET)
  • 043 – Lema Administração e Participações S.A. (RIO JOGOS)
  • 044 – Hope Gaming Ltda (PLAYPIX)
  • 045 – BETBR Loterias Ltda (APOSTOU.COM)
  • 046 – Gorillas Group do Brasil Ltda
  • 047 – EA Entretenimento e Esportes LTDA (BATEUBET)
  • 048 – Reals Brasil Ltda (REALS)
  • 049 – Track Gaming Brasil Ltda (BETWARRIOR)
  • 050 – Sortenabet Gaming Brasil S.A. (SORTENABET)
  • 051 – Bell Ventures Digital Ltda
  • 052 – Brilliant Gaming Ltda
  • 053 – Foggo Entertainment Ltda
  • 054 – Ana Gaming Brasil S.A. (BET7K)
  • 055 – TQJ-PAR Participações Societárias S.A.
  • 056 – 7Mbr Ltda
  • 057 – Upbet Brasil Ltda (UPBET)
  • 058 – Enseada Servicos e Tecnologia LTDA
  • 059 – BPX Bets Sports Group Ltda (BETPIX)
  • 060 – Alfa Entretenimento S.A.
  • 061 – Betbet Soluções Tecnológicas S.A. (BETBET)
  • 062 – Select Operations Ltda
  • 063 – B3T4 International Group LTDA
  • 064 – Sampameo Ltda
  • 065 – Sportvip Group International Apostas LTDA
  • 066 – Sabia Administração Ltda
  • 067 – A2Fbr Ltda
  • 068 – XYZ Jogos Brazil Ltda
  • 069 – Betboom Ltda (BETBOOM)
  • 070 – Tropicalize Bet Ltda (WEEBET)
  • 071 – Tropicalize Bet Ltda
  • 072 – Aposta 1 Ltda
  • 073 – Jogo Principal Ltda
  • 074 – Skill On Net Ltda (BACANAPLAY)
  • 075 – World Sports Technology do Brasil S.A.
  • 076 – AF Tecnologia e Soluções Financeiras Ltda
  • 077 – RR Participações e Intermediações de Negócios Ltda
  • 078 – GGR Lazer, Pagamentos e Participações S.A.
  • 079 – Stake Brazil Ltda (STAKE)
  • 080 – Fortuna Diversões Eletrônicas Ltda (BINGO FORTUNA)
  • 081 – Caixa Loterias S.A.
  • 082 – FC Entretenimento Esportivo Ltda
  • 083 – Responsa Gamming Brasil Ltda
  • 084 – SPE Única Bet Ltda (UNICA.BET)
  • 085 – Lindau Gaming Brasil S.A.
  • 086 – Meridian Gaming Brasil SPE Ltda
  • 087 – Laguna Serviços e Tecnologia Ltda (NOSSABET)
  • 088 – Atlantis Comércio Eletrônico e Software House Ltda
  • 089 – RT 216 Empreendimentos e Participações Ltda
  • 090 – LBBR Apostas de Quota Fixa Ltda (LUCK.BET)
  • 091 – EstadoX Ltda
  • 092 – Vanguard Entretenimento Brasil Ltda
  • 093 – Bingo em Casa Ltda (BINGO EM CASA)
  • 094 – WK Negócios e Finanças Ltda
  • 095 – Gisenyi Associates Corp.
  • 096 – Logame do Brasil Ltda (GRUPO XSA SPORTS)
  • 097 – SevenX Gaming Ltda (PAGONLINE)
  • 098 – VL Intermediação em Vendas Online Ltda
  • 099 – Zeroumbet Plataforma Digital Ltda
  • 100 – Elisa.bet Casa de Apostas Esportivas e Casino Online Ltda (ELISA.BET)
  • 101 – Bbet Ltda (BLOOMBET)
  • 102 – Stayman Participações S.A.
  • 103 – Betbet Soluções Tecnológicas S.A.
  • 104 – Defy Ltda
  • 105 – Olavir Ltda (RIVALO)
  • 106 – Hilgardo Gaming Ltda
  • 107 – Brand Force Mastery Ltda
  • 108 – Padrinho Enterprise Ltda
  • 109 – Sistema Lotérico de Pernambuco Ltda (MC DE PRÊMIOS)
  • 110 – Cash For Pay Ltda
  • 111 – Zbet Ltda
  • 112 – Puskas Bet Administradora de Apostas Esportivas Ltda (PUSKAS BET)
  • 113 – G2 Negócios Digitais Ltda
  • 114 – AF Tecnologia e Soluções Financeiras Ltda

Stay ahead of the game in the licensed betting world – get the latest insights at LicensedBettingSites.com.