VIE 4 DE OCTUBRE DE 2024 - 14:25hs.
Conducted by LCA Consultoria Econômica

Study reveals that sports betting has a modest impact on the financial health of families

LCA Consultoria Econômica was hired by the Brazilian Institute of Responsible Gaming (IBJR) to prepare an Economic Study with the aim of contextualizing the betting market and assessing its impact on the Brazilian economy. Even though it is growing in the country, it has a modest impact on the financial health of families. Spending on games represents between 0.2% and 0.5% of total family consumption, and between 0.1% and 0.3% of Brazil's GDP.

Committed to promoting a betting sector that is healthy and profitable for all involved, IBJR presents the study carried out by LCA Consultoria Econômica on the Characterization and economic repercussions of the betting market in Brazil.

With clear and well-founded information on how the sector really works, the research reinforces the importance of well-structured regulations that protect consumers and ensure the sustainable development of the sector.

Despite growing in the country, sports betting has a modest impact on the financial health of families. According to the study, spending on games represents between 0.2% and 0.5% of total family consumption, and between 0.1% and 0.3% of Brazil's GDP.

It is important to highlight that, in this same period, there was no evidence of any significant change in family debt due to participation in games and bets.
 


Even so, the sector continues to grow, offering more entertainment options and boosting the economy without significantly compromising family income.

LCA Consultoria Econômica specializes in providing customized solutions in economics, applied to business. Its focus is on providing services, whether by assisting clients in their planning and tactical and strategic decisions, or by providing foundations and technical support for their regulatory, competition, tax, litigation and financial interests.

LCA's clients include leading consumer goods, industrial goods, agribusiness companies, prominent players in services and retail, major law firms, banks, financial institutions and major investors and players in infrastructure, sanitation and energy.

IBJR was founded in March 2023 and aims to support the sustainable and responsible development of the Brazilian gambling and sports betting market, aiming to build a regulated and safe environment for customers and operators.

Source: GMB