Brazil’s regulated betting market report shows $1.476 billion in GGR before the ban

Brazil’s Ministry of Finance had the quarterly report ready on May 7, 2026, but it only surfaced at the end of July as an attachment to an access-to-information response. For PSPs and operators, the numbers matter because they are the government’s own snapshot of the regulated fixed-odds market just as Provisional Measure 1.394/2026 moved to prohibit it.

1. The report, prepared by the Secretariat of Prizes and Betting of Brazil’s Ministry of Finance (SPA-MF), was closed on May 7, 2026, but was not made public until 84 days later. The request that exposed it was filed on June 27 under protocol 18800.116741/2026-07 and answered on July 30, 33 days later.
2. According to BNLData, which obtained the material, the SPA-MF had prepared the report for publication but did not release it because of political instructions from the Ministry of Finance and the Secretariat of Social Communication of the Presidency. In its response, the SPA-MF did not explain the decision. It said the SIGAP database was still being verified and that publishable data would be disclosed later through official channels. It also said, three times, that it had not carried out recent studies to project sector revenue.
3. Between January 1 and March 31, 2026, Brazil’s regulated market generated about $1.476 billion in gross gaming revenue (GGR). Of that amount, about $177.5 million went to legal allocations, equal to the 12% set out in Law 14.790/2023. At that pace, the allocations would total around $699 million a year, before taxes, subsidies, or inspection fees. The first-half data, also obtained by BNLData, show about $3.897 billion in GGR and roughly $466 million in transfers.
4. The breakdown of those transfers is the part that will get the most attention in Brasília and in the market. Health received about $1.8 million, or 1% of the total, the share fixed by law and unchanged by the government. Sports received about $64 million, around 36 times more, while Tourism received about $50 million, close to 28 times more. The government has cited the protection of bettors’ health to justify the ban; expert Amilton Noble says these figures cut against that argument and also questioned the presence of the Secretariat of Social Communication in a technical working group.
5. The report counted 15,186,243 unique CPF holders, Brazil’s tax ID document, who placed bets during the quarter. It also recorded 97.9 million active accounts with operators and 113.3 million with brands. Among bettors, 68.01% were men and 31.99% were women.

For high-risk payment providers, the useful takeaway is not just that Brazil published a set of numbers late. It is that the government’s own report shows a large, identifiable bettor base, a material GGR run rate, and a legal allocation structure that was already in place before Provisional Measure 1.394/2026 decided to prohibit the market.