Brazil's regulated fixed-odds betting market in the Northeast could generate BRL 3.3bn ($620,200) in additional economic demand and support about 3,100 high-income jobs, according to the Brazilian Institute for Responsible Gaming (IBJR).
The estimate is based on a study conducted by LCA Consultores and Cruz Consulting in partnership with the National Association of Games and Lotteries.
The study indicates that BRL 885m in initial share-capital investments could produce a multiplier effect of BRL 3.74 for every BRL 1 invested. The projection aligns with the market's structuring following the implementation of Law 14.790/23, which established licensing rules, oversight mechanisms, security standards and measures to curb unlawful activity.
André Gelfi, Board Director and Co-Founder of IBJR, said: "The regulated betting market represents a new cycle of opportunities for Brazil, with investments, formal jobs and social contribution. This is a recently regulated, technological and high-value-added sector that drives an entire production chain linked to sport, marketing and entertainment."
According to the research, the sector currently generates 2,000 direct jobs and 1,100 indirect jobs in the Northeast. The report notes the creation of 20 formal positions in technology, data analysis and specialized management. Workers in the segment have qualification levels roughly twice the regional average.
Average monthly salaries reach BRL 5,800 and surpass typical benchmarks in the region. The annual payroll totals BRL 135m, including BRL 18m in social charges such as INSS and FGTS.
Fiscal projections for 2025 include BRL 265m for the State Participation Fund and BRL 351m for the Municipal Participation Fund. Nationally, IRPJ and CSLL collections could reach BRL 1.7bn, with proportional transfers to federal entities.
Plínio Lemos Jorge, President of ANJL, said: "The regulation of the betting market already demonstrates its capacity to generate concrete results for the country. These are billions of reais returning to society in the form of taxes, investments and qualified jobs."
IBJR's mission is to build an online betting ecosystem that is integral, sustainable and responsible while advocating for a fully regulated market.
