However, gambling was deeply unpopular with religious and conservative Brazilians (of which there were many), and the industry was eventually banned in 1946 by presidential decree. Rio attracted visitors from around the world in the 1920s and 1930s with its luxurious casinos built in a style reminiscent of the French Riviera. Long known as one of Latin America’s “sleeping giants” due to its immense size (214 million people and counting) and robust, growing economy, Brazil’s turn in the iGaming spotlight is much deserved.Ī little-known fact: Brazil used to have a thriving casino industry. The biggest story by far of 2023 is the regulation of sports betting in Brazil, which has become one of the world’s biggest regulated markets. Every year, iGaming experts anticipate changes in the industry's global landscape as newly regulated markets create great opportunities for both established operators and newcomers.
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