The Ministry of Finance is currently reviewing applications from 25 companies, reflecting intense interest in a market valued in the hundreds of billions of Reais. Under Ordinance No. 827 (May 2024), applicants must demonstrate strict compliance in financial stability, technical infrastructure, AML (Anti-Money Laundering) mechanisms, and responsible gaming policies.

Core Licensing Requirements: High Standards for Compliance and Capital

The barrier to entry remains high, ensuring a sustainable ecosystem under Law No. 14,790:

Qualification Standards: Companies must provide proof of financial health, proprietary technical infrastructure, and robust AML/responsible gaming frameworks.

Financial Commitment: A concession fee of R$30 million is required for a 5-year license, serving as a fiscal contribution and a filter for high-capacity operators.

Regulatory Deadline: Operators active before December 2023 must have submitted applications by the end of 2024. Starting January 2025, unlicensed operations will face severe penalties.

Explosive Growth: R$36 Billion Revenue and 30 Million Players

Recent data highlights Brazil's emergence as a digital entertainment powerhouse:

Market Revenue: In 2025, the sports betting and online gaming sector generated total revenues of R$36 billion.

User Profile: Active players reach between 25 and 30 million (approx. 12% of the population). A TIC.BR study shows players are predominantly young, urban, and possess higher-than-average income and education levels.

Global Benchmark: Brazil’s annual active player count is now comparable to the annual visitor gambling figures of Las Vegas.

Regulatory Consolidation: Transitioning to a Healthy Market

The Ministry of Finance is overseeing the transition from an informal market to a structured industry. Licensed entities are limited to operating a maximum of 3 brands and must maintain a domestic headquarters and customer support channels. Currently, 82 authorized companies operate 192 brands. As the licensing process concludes, the industry will consolidate around compliant leaders, enhancing consumer protection and ensuring steady tax contributions.