Brazil Sports Betting Market Size & Outlook, 2025-2030
The sports betting market in Brazil is expected to reach a projected revenue of US$ 1,868.9 million by 2030. A compound annual growth rate of 7.9% is expected of Brazil sports betting market from 2025 to 2030.
Revenue, 2024 (US$M)
$1,192.3
Forecast, 2030 (US$M)
$1,868.9
CAGR, 2025 - 2030
7.9%
Report Coverage
Brazil
Brazil Sports Betting Market, 2018-2030 (US$M)
Global Market
Related Markets
Brazil sports betting market highlights
- The Brazil sports betting market generated a revenue of USD 1,192.3 million in 2024 and is expected to reach USD 1,868.9 million by 2030.
- The Brazil market is expected to grow at a CAGR of 7.9% from 2025 to 2030.
- In terms of segment, online was the largest revenue generating platform in 2024.
- Online is the most lucrative platform segment registering the fastest growth during the forecast period.
Sports betting market data book summary
| Market revenue in 2024 | USD 1,192.3 million |
| Market revenue in 2030 | USD 1,868.9 million |
| Growth rate | 7.9% (CAGR from 2025 to 2030) |
| Largest segment | Online |
| Fastest growing segment | Online |
| Historical data | 2018 - 2023 |
| Base year | 2024 |
| Forecast period | 2025 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Offline, Online |
| Key market players worldwide | Evoke PLC, Betsson AB Class B, Churchill Downs Inc, Entain PLC, Flutter Entertainment PLC, International Game Technology PLC, Kindred Group PLC SEDR, Sportech PLC |
Other key industry trends
- In terms of revenue, Brazil accounted for 1.2% of the global sports betting market in 2024.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Latin America, Brazil sports betting market is projected to lead the regional market in terms of revenue in 2030.
- Brazil is the fastest growing regional market in Latin America and is projected to reach USD 1,868.9 million by 2030.
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Publish Date: May 06, 2025
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Sports Betting Market Scope
Sports Betting Market segmentation & scope
Sports Betting Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Kindred Group PLC SEDR | View profile | 2,352 | C/o Camilleri Presiosi, South Street, Level 2, Valletta Buildings, Valletta, Malta, VLT 1103 | www.kindredgroup.com |
| Flutter Entertainment PLC | View profile | 23,009 | Beech Hill Road, Belfield Office Park, Clonskeagh, Dublin, Ireland, 4 | www.flutter.com |
| Betsson AB Class B | View profile | 2,210 | Regeringsgatan 28, Stockholm, Sweden, 111 53 | www.betssonab.com |
| Entain PLC | View profile | 29,582 | 25 Charterhouse Square, London, United Kingdom, EC1M 6AE | www.entaingroup.com |
| Churchill Downs Inc | View profile | 7,970 | 600 North Hurstbourne Parkway, Suite 400, Louisville, KY, United States, 40222 | www.churchilldownsincorporated.com |
| Sportech PLC | View profile | 154 | Collins House, Rutland Square, Midlothian, Edinburgh, United Kingdom, EH1 2AA | www.sportechplc.com |
| Evoke PLC | View profile | 11,336 | Europort Road, Suite 601/701, Europort, Gibraltar | www.evokeplc.com |
| International Game Technology PLC | View profile | 11,016 | 10 Finsbury Square, Third Floor, London, United Kingdom, EC2A 1AF | www.igt.com |
| IGT | View profile | 11-50 | Tallahassee, Florida, United States, North America | www.igtsolar.com |
Brazil Sports Betting Market Outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to Sports Betting Market Outlook will help companies and investors design strategic landscapes.
Online was the largest segment with a revenue share of 76.02% in 2024.
Horizon Databook has segmented the Brazil sports betting market based on offline, online covering the revenue growth of each sub-segment from 2018 to 2030.
- Brazil Sports Betting Market Platform Outlook (Revenue, USD Million , 2018-2030)
- Offline
- Online
- Brazil Sports Betting Market Type Outlook (Revenue, USD Million , 2018-2030)
- Fixed Odds Wagering
- Exchange Betting
- Live/In Play Betting
- eSports Betting
- Others
- Brazil Sports Betting Market Sports Type Outlook (Revenue, USD Million , 2018-2030)
- Football
- Basketball
- Baseball
- Horse Racing
- Cricket
- Hockey
- Others
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Horizon Databook provides a detailed overview of country-level data and insights on the Brazil Sports Betting Market Outlook, including forecasts for subscribers. This country databook contains high-level insights into Brazil Sports Betting Market Outlook from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Brazil Sports Betting Market, 2018-2030 (US$M)
Brazil sports betting market statistics, by platform, 2018-2030 (US$M)
