Brazil’s illegal iGaming share could rise from 41% to 82% if online casinos are banned, says ANJL

A ban on online casinos in Brazil would not shrink demand so much as push it back into the unlicensed market. That is the core warning from ANJL, which says the illegal share could jump from 41% to 82%.

1. ANJL, the industry association, forecast that the share of illegal operators in the Brazilian market would rise from 41% to 82% if online casinos were banned.
2. For PSPs, that is the practical point: when legal channels disappear, payment flow does not vanish with them. It tends to migrate to operators that are harder to screen, harder to settle with, and harder to unwind once they are in the stack.
3. The number matters because it suggests a market split where the licensed side becomes the smaller half of the business, with the other half moving outside the regulated perimeter.