- 1. Legalization of online gambling. Colombia, Argentina, and Brazil are rapidly introducing new laws that not only regulate but also pave the way for the thriving of online gambling.
- 2. Increase in internet penetration. Brazil ranks first in the world for daily mobile device usage — averaging 5.3 hours per day. This creates favorable conditions for the development of online games and betting platforms. By the end of 2024, the number of internet users in the country is expected to reach a record 187.9 million.
- 3. Technological Innovations. The saturation of the iGaming industry with advanced technologies (blockchain, AI, and VR) makes gaming platforms safer, more convenient, and more attractive to users.
Brazil is quickly transforming into a lucrative metropolis for online gambling, with a projected market volume of $4.03 billion and 2.7 million users by 2029. Furthermore, Brazilians are passionate about sports. The national football team, which has won 5 World Cup titles, trains here. Volleyball, Formula 1, eSports, and online casinos remain equally popular.
It would be unforgivable to overlook such a profitable market! This is why SoftGamings offers its advanced solutions, including White Label and Crypto casinos, as well as scalable Self-Service & Turnkey platforms for business growth. Thanks to a comprehensive Sportsbook solution, clients gain access to over 500,000 pre-match events and more than 60 sports, along with live streaming and effective gamification tools. Moreover, sportsbook operators can create their unique events using SoftGamings’ latest Custom Events functionality, which goes beyond standard offerings to deliver a unique gaming experience.
Finally, SoftGamings’ unified API platform optimizes operations and enhances profitability for operators and affiliates. Integrating over 10,000 casino games from more than 250 providers takes just 2 weeks!
Anna Kiseleva, Head of Partner Relations at SoftGamings, commented: “Due to the rapid development of gambling in Brazil, the region is becoming a cornerstone of our strategic roadmap. We are ready to embrace this challenge and provide unique opportunities and advanced solutions designed specifically for this dynamic market. Our cutting-edge platforms and innovative offerings will enable our clients and partners to thrive in this fast-changing landscape. We invite everyone to join us in shaping the future of iGaming in Brazil.”
