{"id":94,"date":"2024-06-13T23:36:42","date_gmt":"2024-06-13T20:36:42","guid":{"rendered":"https:\/\/paydaycasinonodepositbonus.icu\/2024\/06\/13\/brazils-igaming-market-projected-to-reach-us2-billion-with-regulation\/"},"modified":"2024-06-17T13:26:51","modified_gmt":"2024-06-17T10:26:51","slug":"brazils-igaming-market-projected-to-reach-us2-billion-with-regulation","status":"publish","type":"post","link":"https:\/\/paydaycasinonodepositbonus.icu\/2024\/06\/13\/brazils-igaming-market-projected-to-reach-us2-billion-with-regulation\/","title":{"rendered":"Brazil&#8217;s iGaming Market Projected to Reach US$2 Billion with Regulation"},"content":{"rendered":"<p><iframe loading=\"lazy\" width=\"800\" height=\"450\"\n    src=\"https:\/\/www.youtube.com\/embed\/4U97ojkeIRg\"\n    frameborder=\"0\"\n    allow=\"accelerometer; encrypted-media; gyroscope; picture-in-picture\"\n    allowfullscreen><br \/>\n<\/iframe><\/p>\n<p>The potential revenue of Brazil&#8217;s iGaming sector could surpass US$2 billion each year if the nation implements suitable regulations for the industry. This projection comes from a recent study commissioned by the Remote Gambling Association, which indicates that a regulated market in Brazil could yield as much as US$2.1 billion annually.<\/p>\n<p>Authored by the consulting firm KPMG, this study emerges amidst increasing pressure within the Brazilian government to legitimize gambling services. The revelation that Brazil&#8217;s internet gambling market could be valued at over US$2 billion will likely be well-received by the numerous operators who have shown interest in tapping into this potentially profitable market.<\/p>\n<p>The study stresses the importance of Brazil establishing a &#8220;reasonable and efficient&#8221; licensing system, creating a tax structure based on gross gaming revenue (GGR) instead of turnover (unlike several recently regulated jurisdictions), and developing suitable responsible gaming measures for online gambling and sports wagering.<\/p>\n<p>It is important to acknowledge that illicit gambling activities in Brazil already generate an estimated US$6.2 billion per year, as per the Brazilian Legal Gaming Institute.<\/p>\n<p>Legalizing gambling services has been a subject of discussion in both chambers of Brazil&#8217;s National Congress for numerous years, but with minimal advancement. Several legislative proposals have been put forth, but none have gained significant traction due to substantial resistance from certain legislators. <\/p>\n<p>The question of whether this fresh evidence will genuinely influence the administration&#8217;s discussions and ultimately bring closure to this protracted argument is still open. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>The potential revenue of Brazil&#8217;s iGaming sector could surpass US$2 billion each year if the nation implements suitable regulations for the industry. This projection comes from a recent study commissioned by the Remote Gambling Association, which indicates that a regulated market in Brazil could yield as much as US$2.1 billion annually. Authored by the consulting [&hellip;]<\/p>\n","protected":false},"author":100,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v22.8 (Yoast SEO v22.8) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Brazil iGaming: A US$2 Billion Opportunity?<\/title>\n<meta name=\"description\" content=\"Could Brazil\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/paydaycasinonodepositbonus.icu\/2024\/06\/13\/brazils-igaming-market-projected-to-reach-us2-billion-with-regulation\/\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Brazil&#039;s iGaming Market Projected to Reach US$2 Billion with Regulation\" \/>\n<meta property=\"og:description\" content=\"Could Brazil\" \/>\n<meta property=\"og:url\" content=\"https:\/\/paydaycasinonodepositbonus.icu\/2024\/06\/13\/brazils-igaming-market-projected-to-reach-us2-billion-with-regulation\/\" \/>\n<meta property=\"og:site_name\" content=\"Stay Ahead of the Game with Our Expert Casino Tips &amp; News\" \/>\n<meta property=\"article:published_time\" content=\"2024-06-13T20:36:42+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-06-17T10:26:51+00:00\" \/>\n<meta name=\"author\" content=\"Violet &quot;Velvet&quot; McIntyre\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Violet &quot;Velvet&quot; McIntyre\" \/>\n\t<meta name=\"twitter:label2\" content=\"Estimated reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/paydaycasinonodepositbonus.icu\/2024\/06\/13\/brazils-igaming-market-projected-to-reach-us2-billion-with-regulation\/\",\"url\":\"https:\/\/paydaycasinonodepositbonus.icu\/2024\/06\/13\/brazils-igaming-market-projected-to-reach-us2-billion-with-regulation\/\",\"name\":\"Brazil iGaming: A US$2 Billion Opportunity?\",\"isPartOf\":{\"@id\":\"https:\/\/paydaycasinonodepositbonus.icu\/#website\"},\"datePublished\":\"2024-06-13T20:36:42+00:00\",\"dateModified\":\"2024-06-17T10:26:51+00:00\",\"author\":{\"@id\":\"https:\/\/paydaycasinonodepositbonus.icu\/#\/schema\/person\/ba3c592a126c14ade4a0d140bad0f1d4\"},\"description\":\"Could Brazil\",\"breadcrumb\":{\"@id\":\"https:\/\/paydaycasinonodepositbonus.icu\/2024\/06\/13\/brazils-igaming-market-projected-to-reach-us2-billion-with-regulation\/#breadcrumb\"},\"inLanguage\":\"en-GB\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/paydaycasinonodepositbonus.icu\/2024\/06\/13\/brazils-igaming-market-projected-to-reach-us2-billion-with-regulation\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/paydaycasinonodepositbonus.icu\/2024\/06\/13\/brazils-igaming-market-projected-to-reach-us2-billion-with-regulation\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Homepage\",\"item\":\"https:\/\/paydaycasinonodepositbonus.icu\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Brazil&#8217;s iGaming Market Projected to Reach US$2 Billion with Regulation\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/paydaycasinonodepositbonus.icu\/#website\",\"url\":\"https:\/\/paydaycasinonodepositbonus.icu\/\",\"name\":\"Stay Ahead of the Game with Our Expert Casino Tips &amp; News\",\"description\":\"Unleash your gambling potential with our up-to-date news, comprehensive reviews, and expert articles. 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They have expertise in category theory, philosophy of physics, and quantum gravity, which they apply to the analysis of the conceptual and mathematical foundations of quantum gambling and the development of strategies to promote responsible and enlightened gambling in the age of quantum technology. 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