Big-Name Sports Betting Brands Eyeing Entry into Lucrative Brazilian Market

  • 📰 Covers
  • ⏱ Reading Time:
  • 46 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 22%
  • Publisher: 59%

Brasil Notícia Notícia

Brasil Últimas Notícias,Brasil Manchetes

DraftKings, Hard Rock, and MGM reportedly among more than 130 companies to pre-register for a license in Latin American market.

DraftKings, Hard Rock, and BetMGM reportedly among more than 130 companies to pre-register for a license to operate fixed-odds sports wagering and iGaming in Latin American market.

Some of the top U.S. sports betting operators are primed to expand into a lucrative Latin American country. DraftKings, Hard Rock, and MGM are among a group of online sportsbooks looking at entry into Brazil’s new regulated gaming market, according to a More than 130 companies have pre-registered for a license to operate fixed-odds sports wagering and iGaming in the future.

With the popularity of soccer and growing interest in the NFL, Brazil landed 10th globally in 2022 with $1.5 billion in gross gaming revenue. With regulatory gaming coming, it makes for a gold rush in Brazil. A $5.9-million license that must be renewed every five years will push out some of the smaller companies and allow for the global corporations that can afford the steep operating fees. A 12% gross gaming revenue tax also forces any operator to think wisely before entering this Latin American market.

 

Obrigado pelo seu comentário. Seu comentário será publicado após ser revisado.
Resumimos esta notícia para que você possa lê-la rapidamente. Se você se interessou pela notícia, pode ler o texto completo aqui. Consulte Mais informação:

 /  🏆 341. in BR

Brasil Últimas Notícias, Brasil Manchetes

Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.

March Madness sports betting big business in Illinois, but Bally’s Chicago remains on the sidelinesBally’s pulled down its sportsbook signage from a location on the third floor of the temporary casino at Medinah Temple with no timetable for its launch.
Fonte: chicagotribune - 🏆 8. / 91 Consulte Mais informação »