Betting and igaming GGR reached BRL17.4 billion ($3.2 billion) in Brazil in the first six months of the licensed market, new data from the Secretariat of Prizes and Bets (SPA) has reported.
The online market in Brazil began on 1 January after six months of operators applying for licences and meeting all the strict regulations surrounding the launch.
In its first update on the market’s performance, published on Tuesday, the SPA said 17.7 million Brazilians had wagered with licensed operators during that first six months and 71% of these were men, while 28.9% were female.
Betting was most prevalent among those aged between 31 and 40 (27.8% of the total number of bettors).
