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Olympic and Paralympic sport to lose $498m through 2027 after betting ban

Smaller confederations warn the loss comes just as they ramp up preparation for Los Angeles 2028.

1 min read
Brazil olympics
Key Points
COB projects Olympic and Paralympic sport will lose roughly BR2.6bn ($498m) in betting revenue through 2027
The figure combines BR497m in lost transfers for the rest of 2026 and a projected BR2.1bn shortfall in 2027
The calculation excludes money individual confederations received directly from betting on their own sports

Brazil's Olympic and Paralympic sport sector will also feel the fallout from the betting ban.

Organizations including the Sports Ministry, the Brazilian Olympic Committee (COB), the Brazilian Paralympic Committee and the Brazilian Clubs Committee are set to lose an estimated BR2.6bn in legally mandated transfers through 2027. 

Under Law 14,790/2023, which regulated betting, 36% of betting revenue was earmarked for sport, split across the Sports Ministry and several sporting bodies. The COB's estimate, based on funds received between 2025 and September 2026, combines BR497m in transfers lost for the remainder of 2026 with a projected BR2.1bn shortfall in 2027.

COB President Marco La Porta said the entity collected around BR200m between 2025 and September 2026 and had projected BR125m-130m for 2027, representing roughly 20% of its BR600m budget. 

"Our biggest impact will be next year because there will be no revenue. That's BR125m less than two years out from the Olympic Games and that will obviously have consequences," La Porta said.

“We will return to the level we were at before 2025, when we didn't have this resource. We will have to work with this reality.”

Smaller confederations face proportionally steeper losses. The Brazilian Basketball Confederation (CBB) will receive just BR6.1m in 2026 compensation, less than half the roughly R$13m it earned from betting in 2025. 

"I think, after football, we're the sport with the biggest loss," said CBB CEO André Alves. 

The Brazilian Table Tennis Confederation had already booked around BR5m in betting-linked revenue toward athlete development plans it has yet to execute.

Good to know

The law also directed 0.70% of betting revenue to state and Federal District sports secretariats or equivalent bodies

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