Last updated on: December 30th, 2022
Legal Sports Betting In Brazil
There is much to uncover about legal sports betting in Brazil and luckily for you, we’ll uncover it all. We’ll get into the legality of sports betting in Brazil and the current state of it, the revenue numbers behind it, popular sports to bet on in Brazil, and much more. There has been speculation and reports coming out based on the current state of sports betting in Brazil in terms of revenue numbers, tax rates, licenses, and such, but nothing yet has been settled.
- Crypto Betting In Brazil
- Betting From Your Phone
- $1,000 Brazil Betting Bonus
If you’re looking to gamble online at all and you’re located in Brazil, there is no better site to turn to then BetOnline. The site has been operating for over two decades and operates in countries all around the world. Best of all, BetOnline is guaranteed to have betting odds for regional soccer teams during the regular season in Brazil as well as for the international team when they play in various tournaments. BetOnline also has odds for Brazilian athletes who compete in the Olympics and for Brazilian MMA fighters so you always have someone to cheer for and bet on as well.
BetOnline also accepts all the major forms of cryptocurrency including BitCoin, LiteCoin, and Dash. That means you don’t have to worry about converting currency before you bet, instead, you make deposits and withdrawals with Bitcoin. Deposits and withdrawals are made almost instantly with this method.
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If you are looking for a safe and reliable online sportsbook to use in Brazil, MyBookie has you covered with plenty of safety features. They use encrypted links such as Bit-256 or SSL that work to protect all of your information. That goes for both your financial information and personal information. Other than the safety measures that they have protecting you, they also have some of the best customer services in the industry as it runs 24/7 and you can reach out to the through multiple avenues such as email, live chat from your account, or their toll-free number.
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Legality Of Sports Betting In Brazil
Sports betting in Brazil became legal and regulated back in 2018, however, lawmakers have been taking their time to set any regulations for it. Fast track to 2022, law. 13,756/18 granted the Ministry of Finance in Brazil to be the ones to regulate sports betting. At first, 50 licenses was the idea, that number has since dropped given the long process to regulate legal sports betting. There is nothing against the licensed online sportsbooks in Brazil either that would stop you from using them meaning you are free to use them as you please.
Legal Super Bowl Betting In Brazil
Thanks to international sports betting sites, anywhere you have internet or cellular service is a legal place to bet on the Super Bowl in Brazil. These online sportsbooks are located overseas, therefore they are not restricted by local Brazilian regulations. This means that regardless of the laws of the states in Brazil, local sports bettors can legally bet on the Super Bowl. As one of the biggest sporting events f the year, it makes sense that Brazil players would want to ensure they are able to find the best betting lines to put action on. That’s why legal sports betting sites like MyBookie pride themselves in offering some of the best sports betting options for Brazilian sports bettors during the Big Game. Those taking action on the Super Bowl can legally do so in Brazil thanks to online sportsbooks.
Is Online Sports Betting Legal In Brazil?
Online sports betting is legal in Brazil and is set to be regulated over the next few years. Betting online is both a popular and lucrative business. With the signing of a decree by President Jair Bolsonaro to have regulated sports betting in Brazil in August, the country is one step closer to local and legal betting operators. Because it is legal to place wagers in the state, there is still over 70% of sports betting that happens online in Brazil. There are many online sportsbooks available to residents of the South American country that offer numerous odds on matchups around the world. Some of the most widely used legal online sportsbooks in the country include BetOnline, MyBookien SportsBetting, Bovada (Bodog).
Legal Brazil Sports Betting Sites
While you may not see land-based sports betting parlors in the streets of Brazil quite yet, legal Brazil sports betting sites are available to any sports fan in the country now. What’s important to note is that these sites actually operate in countries outside of Brazil. Because they are located outside the legal purview and jurisdiction of the Brazilian government, they can accept sports bettors from the country with no penalties. The lack of official sports betting laws in Brazil also makes it so that there are no penalties for users of these types of sites.
The offshore sportsbooks that we normally recommend are almost all available to residents of Brazil including MyBookie, BetOnline, and SportsBetting. Bovada, unfortunately, does not operate in Brazil but their sister company Bodog does. However, out of all of these sites, one in particular caters to the Brazilian market better than any other one. That site would be BetOnline. There are several factors as to why this is the case which we will explain in the review below. Users of this site can bet on sports in Brazil with the confidence that they will not get in trouble with the law and they will also be able to receive their payout on time.
Brazil Sports Betting Markets
Brazil’s two largest betting markets are São Paulo and Rio de Janeiro, with a combined population of over 18.8 million people. The most popular sport to bet on in Brazil is football (soccer), especially matches between the 20 clubs of the Brazilian Championship A Series, also known as Brasileiro. The Brazilian National Team is also massively popular. Their quadrennial appearances in the FIFA World Cup and Copa América are routinely viewed by tens of millions of Brazilians, and consequently, see a massive volume of wagering action. After soccer, volleyball is the second most popular sport in Brazil, with the most popular league being the Brazilian Men’s Volleyball Superliga. After volleyball, tennis, mixed martial arts, basketball, and futsal all have sizable national followings.
Brazil has been getting closer to receiving regulated betting, but there has been a recent delay. Current Brazil President Jair Bolsonaro has not signed off on the activity becoming federal law, even though it has been available to sign since April of 2022. The delay is due to the reflection campaign that Bolosnaro is going through that will all be done in October of 2022. However, it is heavily believed that Brazil will officially receive regulated betting after the elections are resolved in October.
Betting On The FIFA World Cup In Brazil
Brazil has been one of the top powerhouses in the World Cup having won two World Cup titles since 1994. They’ve also opened up amongst the favorites of under +500 odds in the last five World Cups. In the 2022 World Cup, they went in as one of the favorites at +330 odds and were eliminated in the quarterfinals. Looking ahead to the 2026 World Cup, they opened as a co-favorite with France at +600 odds.
Where Brazil Sports Betting Revenue Goes
At this time sports betting revenue in Brazil is unregulated. That means that international online sportsbooks that accept Brazilian sports bettors don’t have to pay the country anything. It is because of this reason that many lawmakers support the push for a legal sports betting market in Brazil. The bill that passed back in 2018 did call for a 6% tax on the retail revenue and 8% on the online revenue. Those numbers have since changed to a 17% tax rate on all gambling-related revenue. Aside from the tax rate, operators would need to pay a $700,000 initial fee with $7,400 monthly fees for online operators.
|Status:||Legalized But Awaiting Official Regulations|
|Online:||Unregulated, Online Offshore Sites Only|
|Popular Sports:||Soccer, Volleyball, Mixed Martial Arts|
Brazil Sports Betting FAQs
What Are The Best Betting Sites In Brazil?
Due to the fact that there are no retail sportsbooks in Brazil just yet, all of the sports betting done in the country are done in online sportsbooks. Sports betting is fairly unregulated in Brazil, so any Brazil-based online sportsbooks are not recommended. Instead, Brazilian sports bettors should look at online offshore sportsbooks for all their sports betting needs. Our most recommended betting sites that you can use in Brazil are SportsBetting and BetOnline. These two online offshore sportsbooks have been in business for well over a decade and they have been taking bets from Brazilian gamblers for quite some time now. They are reliable and a great way to bet on all of your favorite sports.
Which Banking Methods Are Accepted At Brazilian Sportsbooks?
There are plenty of ways to bank with Brazilian sportsbooks. The easiest banking method is using either Visas or Mastercards. You can deposit anywhere between $10 to $30,000 with this method. Neteller is also available as well. With Neteller, you can deposit between $20 and $50,000. Skrill is also another option that allows you to deposit between $10 and $38,000. The virtual prepaid card called Entropay allows you to deposit between $20 and $30,000 to Brazilian sportsbooks. Bank Wire transfers deposits happen within 2 to 10 business days and you can deposit between $50 or up to $100,000. If you are a high roller, bank wires are the way to go.
What Does The Future Of Sports Betting Look Like In Brazil?
Although there have been legislative delays in the ongoing push for state-regulated sports betting, Brazil appears to be on track for a 2020 launch. As the world’s fifth-largest country by population and ninth-largest economy, Brazil could benefit greatly from mobile betting. Expect a variety of both retail and online sportsbooks to launch throughout Brazil by early 2021 at the latest.
Can I Bet On Non-Brazilian Teams Or Sports?
Absolutely. Online sportsbooks such as MyBookie and BetOnline will accept residents of Brazil but the betting lines they offer reach far outside the borders of the country. By using these sites you can find betting odds for soccer teams in Europe, the U.S., and other countries across the world. You will also find betting lines for sports such as futsal, auto-racing, handball, pool, and more.
How Old Do I Have To Be To Bet On Sports In Brazil?
Those who are looking to bet on sports in Brazil will have to be 18 years old or older. This is the age that online offshore sportsbooks require you to be, and because they are the only sportsbooks accessible to Brazilians, that is the restriction that you will have to follow. When official sports betting regulations come to Brazil that age may change. But for now, it is set in stone.
Can I Use Multiple Online Sportsbooks in Brazil?
Yes, and as a matter of fact, it is actually encouraged to have multiple online sportsbooks in Brazil. The reason being is that having more than one account allows you to shop lines. This means that if you see a game that you want to bet on, one site may offer a better payout or less vigorish than the other one. Naturally, you would choose that site so that you can either save some money or potentially earn more money.
How Do I Fund My Online Sportsbook In Brazil?
You can do this through a number of different ways, but it will mostly depend on which site you use and your personal preference. For example, BetOnline has different deposit methods such as credit or debit card, bank wire transfer, checks, person to person, or as stated before through cryptocurrencies. The easiest method to fund your online sportsbook will be through BitCoin. That’s because you can avoid any trouble you have with your bank and you will be able to make transactions quicker than any other method.
Can I Use My Phone To Bet On Sports In Brazil?
When it comes to mobile betting in Brazil, it is very much possible. Most smartphones and tablets are compatible with international sportsbooks and can offer full-service betting to sports bettors in Brazil. This turns everywhere in the state into a way to play to win big. Betting on your phone is one of the best ways to play as you do not have the need to travel to a land-based operation. You can wager anytime anywhere on the go. All the options you could find at a physical location can be found at an online sportsbooks on your mobile device as well. It is very major possible to use your phone to bet on sports in Brazil.