The Bets framework and the SPA
Law 14,790 of 2023 (the marco regulatório) established the framework for regulated fixed-odds sports betting and online casino in Brazil. The Secretaria de Premios e Apostas (SPA) inside the Ministry of Finance administers the framework, issues licences, and supervises operators. The framework covers fixed-odds sports betting and online casino; live-dealer is permitted; remote betting outside the framework remains prohibited and is enforced against.
Licence types and costs
The SPA grants federal-level operating licences valid for five years. Licence cost is BRL 30 million (approximately USD 6 million at typical rates) per operator entity for the five-year period - one of the higher headline licence costs globally. Each licence permits one brand; operators serving multiple brands need multiple licences. Local-presence requirements apply (at least one Brazilian-resident officer, local payment-rail integration).
Tax structure
GGR tax is set at 12% under the framework. Income-tax on player winnings is set at 15% on net winnings (over a tax-free threshold per period). Player-protection and responsible-gambling levies fund the national gambling-prevention programmes. The total operator tax-and-levy burden is in the higher-mid tier globally - higher than Malta but lower than the most-taxed European jurisdictions.
Operator-entry considerations
Brazil's market size potential is among the largest globally - 200 million population, fast-growing digital payment infrastructure (PIX), and high natural sports-betting demand. The first wave of licensed operators went live in 2025 with material market-share competition through 2026-2027. Operators considering market entry should evaluate: (1) the licence cost vs the projected first-three-year revenue, (2) the cost of building Brazilian-currency payment integration and local-language CX, (3) the cost of Brazilian-language sports-data and content localisation, (4) the advertising-rules framework (gambling advertising is permitted with restrictions; the cap on Carnival and football-event advertising changed mid-rollout). The iGaming Times Brazil topic hub tracks specifics.