Brazils projected iGaming sector could be worth upwards of US$2 billion each year, a recent study reveals. This valuation makes it a particularly enticing prospect for companies aiming to broaden their footprint. The study, requested by the Remote Gambling Association and assembled by KPMG, posits that a controlled market could yield substantial income for the nation.
The study stresses the importance of a “balanced and streamlined” licensing structure, a taxation system based on gross gaming income instead of total revenue, and safeguards for responsible gaming. At present, the unregulated gambling sector in Brazil generates an estimated US$6.2 billion yearly, underscoring the necessity for effective oversight.
Although legalization initiatives have been underway for a number of years, they’ve encountered resistance from certain legislators. Nevertheless, the possible financial advantages of a regulated market are significant and could deliver a considerable boost to the Brazilian economic landscape.
The question of whether this fresh evidence holds sufficient influence to alter the administration’s position on the matter, and ultimately unravel this enduring enigma, is still unanswered.
