Read the full, in-depth analysis on our website here.
Why Brazil’s Market is booming
The key drivers are undeniable:
* Market size: Projected growth from USD 4.9 billion (2024) to USD 10 billion by 2029.
* Digital penetration: 86.6% internet usage, 97% smartphone penetration.
* Cultural passion: Brazil’s love for sports and gaming fuels engagement.
* Economic strength: 8th largest economy globally, with steady expansion.
New regulations ensure a stable environment for operators, though they come with clear responsibilities:
* BRL 30 million licensing fee (~USD 5.18 million).
* Data security, including Brazil-based data storage and multi-factor authentication.
* Segregated operational funds and certified platforms.
Localization is key. Operators must adapt platforms to Brazilian Portuguese, integrate payment methods like Pix, and deliver mobile-first solutions.
Want to capitalize on this market? Contact us today to learn how we can help your brand grow in Brazil.
Exciting Career Opportunity
With Brazil’s iGaming market booming, we’re expanding our team! We’re looking for a talented Brazil-based Account Manager ready to grow alongside us. Passionate about the industry?
Send your CV to: marketing@timelesstech.io
Visit Us at BiS SiGMA São Paulo 2025!
We’ll be at BiS SiGMA São Paulo 2025, showcasing our innovative iGaming solutions at Booth 055. Stop by, meet our team, and learn how we can help you thrive in this vibrant market!
See why you should visit our booth
Source: Timeless Tech
