2024-01-19 16:32:00
Brazilians’ spending on online games and betting, the so-called bets, reached approximately US$ 11.1 billion between January and November of last year, equivalent to R$ 54 billion.
The estimate was made by Sheet based on the most recent statistics published by the Central Bank. Although other operations are recorded in the same balance of payments account, the disaggregation of the data allows an approximate calculation of the volume paid in transactions related to games and bets.
The total amount of resources accumulated in 11 months is greater, for example, than that generated by Brazilian beef exports in the entire year 2023. Sales of the product reached US$ 9.5 billion last year, according to Secex ( Ministry of Foreign Trade), linked to the Mdic (Ministry of Development, Industry, Commerce and Services).
Brazil is one of the largest exporters of beef in the world. Of the total spent by Brazilians on betting websites abroad, approximately US$8.9 billion correspond to resources transferred to form the amount to be distributed among the winners, that is, the value bet by the players.
Another US$2.2 billion refers to the service fee retained by the sites that operate the bets. Since 2018, after a law approved during the government of Michel Temer (MDB), the offer of sports betting sites (bets) is allowed in Brazil. Since then, advertising in the sector has dominated open television programming, especially in soccer matches.
#Brazilians #spent #US11 #billion #online #betting #Economy