Last updated on: September 25th, 2024

2024 Legal Sports Betting In Brazil

Brazil sports betting sites are expected to be regulated locally within the next few years. Betting online is both a popular and lucrative business. President Jair Bolsonaro signed a decree to have legal sports betting in Brazil. Now, the country is one step closer to taxing sports betting themselves. Some of the most used legal sportsbooks that accept Brazil players include BetOnline and MyBookie.

Is Online Sports Betting Legal In Brazil?

Online sports betting is legal in Brazil and is set to see regulation over the next few years as well. Betting online is both a popular and lucrative business. With the signing of a decree by President Jair Bolsonaro to have legal sports betting in Brazil, the country is one step closer to challenging the US market. Because it is legal to place wagers in the country, there is still over 70% of sports betting that happens online in Brazil. Many legal online sportsbooks are available to residents of the South American country that offer numerous odds on matchups around the world. Some of the most widely used legal sportsbooks that accept Brazil players include BetOnline, MyBookie, and SportsBetting.

Best Sportsbooks In Brazil

Rank	Bonus Offer	Play Now
1	Exclusive 50% Bonus Code up to $750!	Visit Bodog!
2	50% Up To $1,000Read Review	Visit BetOnline!
3	50% Up To $1,000 Read Review	Visit MyBookie!
4	100% Up To $300Read Review	Visit Xbet!
5	50% Up To $1,000 Read Review	Visit SportsBetting!

Bodog Sportsbook

International Sports Wagering

In Brazil, Bodog caters perfectly to football fans, especially those who follow the Brasileirão. The wide variety of prop bets lets you wager on individual players and team dynamics, adding excitement to every match. With local sports always in focus, Bodog offers a tailored way to bet on football, ensuring fans are always connected to the action on the field.

Rating:

Top International Sportsbook
Deposit With Crypto
Welcome Bonuses
Huge Assortment Of Odds
No App Mobile Betting

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Legal Sports Betting In Brazil With BetOnline

BetOnline Sportsbook

Legal Sports Betting In Brazil

If you’re looking to gamble online at all and you’re located in Brazil, there is no better site to turn to than BetOnline. The site has been operating for over two decades and even has betting odds for regional soccer teams. BetOnline posts lines for Brazilian athletes in the Olympics and MMA. So, you always have someone to bet on. BetOnline accepts all the major forms of cryptocurrency including Bitcoin, Litecoin, and Dash. That means you don’t have to worry about getting money into BetOnline from Brazil. Deposits and withdrawals are instant, leaving you more time to review the lines.

Rating:

Reliable Banking Methods
Strong Server Connection
10+ Year Track Record
Huge Assortment Of Odds
No App Mobile Betting

Visa Mastercard Bitcoin Etherium Wire Transfer

Using MyBookie As A Brazil Sports Betting Site

MyBookie Sportsbook

Safe Online Betting In Brazil

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.

Ratings:

Huge Player Bonuses
Consistent Odds
Easy Interface
Rapid Live Betting
Legal In the US

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Brazil Info
Status:	Legalized But Awaiting Official Regulations
Online:	Unregulated, Online Offshore Sites Only
Min Age:	18+
Restrictions:	N/A
Popular Sports:	Soccer, Volleyball, Mixed Martial Arts

Legal Brazil Sports Betting Sites

You won’t find land-based sportsbooks in Brazil just yet. But, 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. They can accept sports bettors from the country with no penalties due to their location. The lack of sports betting laws in Brazil makes it so that there are no penalties for users of these sites.

The legal sportsbooks that accept Brazil players we recommend are all available. These include MyBookie, BetOnline, and SportsBetting.
Unfortunately, you cannot use Bovada in Brazil, as it is an American-only sportsbook. To bet on sports in Brazil with confidence, choose one of the aforementioned sites.

Legality Of Sports Betting In Brazil

Legal sports betting in Brazil became regulated 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 betting sites that you can use in Brazil, anywhere you have internet is a legal place to bet on the Super Bowl. As the biggest sporting event of the year, it makes sense that Brazilian players want to find the best NFL betting lines. That’s why legal sports betting sites like MyBookie pride themselves in the amount of Super Bowl prop bets. No doubt, these are some of the best sports betting options for Brazilians during the Big Game.

Brazil Sports Betting Markets

2024 legal sports betting in Brazil centers around the two largest betting markets. São Paulo and Rio de Janeiro have a combined population of over 18.8 million people. But there aren’t any sportsbooks in Sao Paulo or Rio.

The most popular sport to bet on in Brazil is football (soccer). This is because there are 20 clubs of the Brazilian Championship A Series, or Brasileiro. With Brazilian National Team quadrennial appearances in the FIFA World Cup and Copa América, tens of millions watch them play. As such, they see a massive volume of wagering action.

After soccer, volleyball is the second most popular sport in Brazil. The most popular league is the Brazilian Men’s Volleyball Superliga. After volleyball, tennis, MMA, basketball, and futsal all have sizable national followings.

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 on Brazil Sports betting sites with France at +600 odds

Where Brazil Sports Betting Revenue Goes

Sports betting revenue in Brazil is still getting its final regulations worked out. Online sportsbooks that accept Brazilian sports bettors don’t have to pay taxes. This is why many lawmakers support legal sports betting in Brazil. The bill that passed back in 2018 called for a 6% tax on sports betting revenue (8% for online). Now at 17% tax rate, Brazil expects roughly $335 million from sports betting taxes. Also, Brazilian sportsbooks would pay $700,000 for licensing. This is on top of the $7,400 monthly fees for online sports betting in Brazil. Only affecting local books, it wouldn’t change for online sportsbooks that take Brazil residents.

Countries With Legal Sports Betting

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Brazil Sports Betting FAQs

Which Banking Methods Are Accepted At Brazilian Sportsbooks?

There are plenty of ways to deposit into a Brazil sports betting sites. The easiest banking method is using either Visa or Mastercard. Bank Wire transfers deposits happen within 2 to 10 business days. So, if you have crypto, this may be the best way to go.

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 Brazilian sports betting age that online sportsbooks require you to be.

Can I Use Multiple Online Sportsbooks in Brazil?

Yes, and as a matter of fact, it is actually encouraged. Having accounts for multiple online sportsbooks in Brazil lets you shop lines. This means that if you see a game that you want to bet on, one site may offer a better payout than the other one.

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 in Brazil. Betting on your phone is one of the best ways to play. Wager anywhere on the go, it is easy to use your phone to bet on sports in Brazil.