Knowing how many betting houses there are in Brazil means understanding the market's potential to generate record revenue each year.
In 2022, 239 betting shops were opened in Brazil and 78 were closed.
How many Betting Houses are there in Brazil?
In this article, discover the number of betting houses in Brazil, the size of the market, some popular bookmakers and how to choose a safe option.
Do you know how many betting houses there are in Brazil?
It's difficult to say, due to the many clandestine houses without official records. However, some market studies can give a clearer idea.
The betting market in Brazil has grown significantly in recent years. Since 2018, 515 licenses have been issued in the “exploitation of gambling and betting” category, with 69 companies registered in the first quarter of 2023 alone.
Despite ongoing regulation, there are still many clandestine companies operating. This is also reflected in the world of football clubs, with 51 out of 60 clubs in series A, B and C having sponsorship from bookmakers.
By 2023, it is estimated that Brazil will have more than 500 betting houses in operation, but less than 5% of them sponsor major football clubs.
The market
The betting market is one of the fastest growing in Brazil, as seen in the numbers presented.
This reflects a country with ongoing regulation, making it an attractive environment for serious and opportunistic companies.
In our article about the betting market numbers in Brazil, we explore impressive data.
The trend is growing, as the betting market is still new for many customers, who are unaware of “online sports betting”.
The coming regulation will be beneficial in keeping bad companies away and protecting customers, even if it may discourage investment.
What are the safest betting houses in Brazil? Discover 5 reliable
Among the biggest are:
Bet365
bet365 is renowned for its origins in England and is the largest in the world. Many consider it the best for sports betting.
Betano
Betano, of European origin, offers good odds and extra resources for bettors interested in a variety of events.
Betfair
Betfair is known for its betting exchange, allowing players to bet against each other. There are no winning limits, and the “Sports” section offers several options.
Sportingbet
Sportingbet, one of the first online houses, is respected, although it does not always have the best odds. It is known for its commercials featuring famous players.
betmotion
Betmotion, aimed at the Latin American public, combines sports betting and casino entertainment.
With so many options in Brazil, how do you know if a bookmaker is safe?
Despite the large number of betting houses, it is possible to find good options on the market.
See 3 essential tips to avoid scams:
Registration up to date
Check that the registration is up to date to ensure that the bookmaker is in good standing.
Generally, registration is in Malta or Curaçao, but with regulations in Brazil, companies will need to be registered locally.
proven experience
Choose houses with proven experience in the market, as they generally offer better structure.
Investments in advertising
Prefer houses that invest in advertising, as they tend to be more reliable in the long term.
Now that you have an idea of how many betting houses operate in Brazil, you can see that the market is growing, awaiting regulation.
Good bets!
