Brazil’s bets amendments would ban online casino games and put R$ 5 billion in club sponsorships at risk

Amendments moving through Brazil’s Congress would keep fixed-odds sports betting legal but ban online casino-style games such as “tigrinho.” For high-risk PSPs, the catch is simple: the proposal preserves part of the revenue stack and cuts off the part that, by industry accounts, funds most of it.

1. According to reporting by Estadão, the amendments to the bets provisional measure would allow sports betting to continue in Brazil while prohibiting online casino games. Industry sources quoted in the report say casino products account for 70% to 80% of betting companies’ revenue, which is why many operators say the sports-betting-only model would not support current economics.
2. The same report says larger companies can rely less on online casino and diversify revenue through sports betting, but that is not the dominant profile in the sector. In practice, that matters for PSPs and acquirers because the proposal would preserve the lower-margin, operationally heavier product while removing the higher-margin one.
3. The cost gap between the two verticals is part of the story. Sports betting requires match-monitoring services such as those provided by Sportradar, a partner of FIFA and the CBF, while online casino games run on automated programming with relatively constant margins and no meaningful exposure to losses.
4. Fernando Marinho Mezzadri, general coordinator of the Instituto de Pesquisa Inteligência Esportiva (IPE) and a full professor at Universidade Federal do Paraná (UFPR), said it is not possible to calculate the financial impact of a sports-betting-only scenario with precision because there are no reliable public data on operators’ revenue. He also said any discussion should include the National Sports Fund to improve predictability.
5. IPE/UFPR data cited in the report show that 16 clubs collected R$ 5 billion in sponsorships from betting companies in 2025, while bets raised about R$ 30 billion over the same period, according to an estimate. Mezzadri also pointed to higher demand for treatment of betting-related addiction in the Sistema Único de Saúde (SUS), and the report says the ANJL had no official number on the share of such sponsorships.

For payment providers, the policy question is not just whether Brazil keeps sports betting open. It is whether the remaining licensed model can still support the club sponsorships, operator margins, and transaction volumes that have made the market commercially workable so far.