Brazilian households transferred an estimated BRL 62.5 billion (ca. EUR 10.5 billion) net to the betting sector in 2025, according to a new fiscal study. The analysis was published by Brazil’s National Committee of State Finance, Revenue and Tax Secretaries (Comsefaz) and the Celso Furtado International Center for Development Policies (CICEF). The study links the rise in Brazil betting payments via Pix to the regulated online betting market introduced in January 2025 – see more details:

  • Pix is Brazil’s instant payment system and is widely used for deposits and withdrawals at online betting operators. Researchers analysed Pix transfers from individuals to companies in the arts, culture, sports and recreation category, which captures betting activity. Transaction volumes in this category rose sharply around the introduction of regulated betting.
  • The study forms part of the Brazilian States Fiscal Bulletin, published jointly by Comsefaz and CICEF. Comsefaz represents the finance authorities of the states and Federal District. The betting analysis uses payment data from the Central Bank of Brazil and a statistical model to estimate activity attributable to bets.
  • Net transfers attributed to betting averaged around BRL 4.7 billion (ca. EUR 789 million) per month between October 2024 and March 2026. For 2025, the estimated total reached BRL 62.5 billion. This measures the net flow from individuals to the sector after accounting for money flowing back.
  • Gross transaction activity was much higher, with an estimated BRL 350.97 billion (ca. EUR 59 billion) in additional betting-related Pix volume in 2025. Monthly transactions in the relevant category rose from around BRL 5 billion (ca. EUR 840 million) to more than BRL 25 billion (ca. EUR 4.2 billion). At their peak, they approached BRL 42 billion (ca. EUR 7.1 billion) during 2025.
  • The estimated Brazil betting payments of BRL 62.5 billion represented around 0.68% of Brazil’s gross disposable household income in 2025. Transaction growth also slowed after Bolsa Família beneficiaries were prohibited from betting in October 2025. The study says this suggests lower-income households had a relevant presence in the online betting market.
  • The figures are estimates rather than reported betting turnover or operator revenue. Researchers compared actual Pix flows with a model estimating how transactions could have developed without the expansion of regulated betting.

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