The Secretariat of Prizes and Bets (SPA), has revealed full economic results for 2025, tracking the first year of Brazil’s online gambling regime of ‘Bets’.
SPA data shared with SBC Noticias revealed that gross gaming revenue (GGR) for the regulated betting market stood at R$37bn [$7bn] for 2025.
The regulated market, known as ‘Bets’, was launched on 1 January 2025 following over a decade of revision undertaken by separate administrations of Michel Temer (Democrats), Jair Bolsonaro (Liberal) and Lula Da Silva (PT).
A total of 68 licenses were approved for the January 2025 launch, and this number began to steadily creep up over the following months as the SPA processed the literal hundreds of applications it had received.
