This South American country is a Federative Republic that is made up of 26 states. Each state has jurisdiction over gambling activities which means that the Brazilian gambling laws are quite disjointed. They are also very out of date. The Criminal Contravention Act of 1941 effectively banned all gaming although casinos were still allowed to operate. In 1946, amendments to the law forced the country’s casinos to close their doors. Poker is exempt from these rules as Brazil considers it a game of skill. Today, the only forms of gambling are poker, bingo, horse racing, and the lottery. Slot machines were legalized in the early 1990s although they were banned in 2004 for 9 months after an extortion scandal rocked the nation.
There have been some very aggressive attempts by the government to stop residents from internet gambling but all have been largely unsuccessful. As it stands, gambling in Brazil is widely popular and flourishing despite condemnation from the government.
Top 10 Gambling Sites for Brazil
What are the Best Brazil Gambling Sites and Promotions?
Because betting is largely illegal, there are no gambling licenses or regulations which means that no legal online gambling companies are based in Brazil. Brazilian online gamblers that want to find a bit of action must do so with foreign operated online gambling sites. With such a large population of bettors, there are several companies that accept Brazilian players. As could be expected, many of these sites offer very attractive casino bonuses. Expekt and Unibet have promotions that let new customers from Brazil claim a €100 bonus while Sportingbet is giving away $300. Play Grand Casino is giving away $10,000 to new customers from Brazil. There are numerous other top betting companies like Lsbet, 888, and Ladbrokes who offer a safe, secure, and fair betting experience. Best of all, most of these gaming companies offer a wide range of valuable bonuses to new and existing customers.
How Regulated is the Brazil Gambling Market?
Because most forms of gambling are outlawed in Brazil, there are no real regulations to speak of. The national lottery is run by Caixa Econômica Federal bank. Several states have their own lotteries including sports lotteries. The country does not issue gambling permits which means that traditional casinos and internet betting sites are not based here.
The government has taken a firm stance against internet gambling and has unsuccessfully tried to implement measures to stop residents from partaking. These attempts include trying to block financial transactions between Brazilian gamblers and online gambling operators as well as trying to force internet providers to block foreign wagering sites.
Is Gambling Legal in Brazil? What is the Legal Age?
Most forms of gambling are illegal in Brazil. Besides lotteries, which includes sports lotteries, Brazilians can participate in bingo, poker, and horse racing which only allows bets to be made at the track. Slot machines were also legalized in the 1990s. Since the gambling laws that prohibit betting were drafted in the 1940s, there aren’t any references to internet betting but the government has a hard line against internet gambling and considers it illegal.
Does Brazil Tax Gambling Winnings?
The Brazilian government does tax lottery winnings. Both local and foreign winners must pay 30%. With foreign winners, the taxes are deducted at the source while residents must claim winnings on their income tax. Those that win at bingo or at the race track do not need to pay taxes. With internet gambling being illegal, there are obviously no taxes on internet winnings.
What Currencies and Payment Methods do Brazil Players Generally Use?
The Brazilian Real is the official currency of Brazil. Lotteries, bingo, and horse racing outlets accept only cash. When it comes to Brazilian customers making deposits and withdrawals from online betting sites, the most widely accepted method is major credit card. Other options include Hipercard, Elo, MercadoPago, PagSecuro, and Boleto. AstroPay, E-Prepag, EcoCard and bank transfers are also commonly accepted. Be sure to check your favourite website to see what options are available for you.