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Following the approval of legislation in 2026, yes. This is when Brazil’s former president, Michel Temer, signed Law 13,756/2026 into legislation following approval of Provisional Measure 846/2026 shortly before. This law gave the green light for fixed-odds sports betting to be rolled out, with Brazil’s Legal Gaming Institute valuing the country’s legal gambling market at approximately R$55 billion.
Of course, tax was the primary reason behind the government’s push to legalise the sports betting market.
An estimated R$2-8 billion is spent by Brazilians via offshore gambling websites annually. By regulating the market and issuing licenses to reputable sports betting sites, Brazil has an opportunity to recover from its economic crisis and generate billions in tax revenue.
The initial plan was to limit the number of betting licenses issued for both land-based and online operators to just 30. However, the licensing process has continued to develop. The COVID-19 pandemic shifted the government’s focus to health matters, and the legal framework for a regulated market still needs to be finalised following sports betting being added to Brazil’s ambitious national privatization plan.
What we do know is that Brazilian sports betting sites are expected to be taxed 1% on their turnover. It is also believed that bettors will be taxed 13.8% for any wins of R$1,900 or more, which is in line with the country’s lottery taxes. The legal age for sports betting online is expected to be 18 years old.