As the world of iGaming, sports betting, and esports grows at an almost gamma-ray-exposed rate, experts believe that the Brazilian market could be just around the corner—possibly within the next year.
This kind of growth means that sports betting is continuously expanding its reach, thanks in part to Altenar’s highly adaptive sportsbook software.
Currently, sports betting is the highest revenue generator globally among online gambling formats. Altenar’s internal data archives, along with public datasets on sports betting and online gambling, clearly illustrate this trend.
The numbers speak for themselves, and for this reason, Altenar is eager to see what a regulated Brazilian market could mean for sports betting software providers like Altenar.
Without further ado, let’s take a look at what Altenar can bring to the Brazilian betting market—and what the market can bring to Altenar.
A State-of-the-Art Shift in Brazil
Brazil is a rapidly growing market for iGaming, and the rising popularity and demand for online betting access is not only necessary but could yield exponential revenue gains for the country.
The legalization of online gambling has been batted back and forth in the courts for over 40 years, but it now appears that a shift toward legalization is gradually taking place.
This is where Altenar—a sports betting software provider—can support operators in building long-term relationships by securing the right licenses, integrating with multiple data providers to eliminate the need for bettors to site-hop, implementing risk management tools, offering a customizable front-end, and providing a semi-manual back-end that allows operators to curate the best sports content for their audiences.
Additionally, Altenar is home to a team of industry professionals who have spoken on global stages about various aspects of sports betting and are recognized faces at major expos worldwide.
As Legalization Becomes the Talk of the Industry…
It’s rumored that betting applications will go through a bidding process, and winners through these operators will be subject to a 30% tax on their earnings—a policy found in other parts of the world as well. These funds may be allocated to public needs such as hospitals, education, or other national priorities.
In addition, the legalization of online gambling could bring a wave of job creation and a dynamic new form of entertainment to Brazil. What often underpins online gambling is the ability to bring people closer to the games they love, creating more interactive and personalized experiences.
If you’re looking to learn more about the Brazilian market, Altenar has a team of professionals ready to discuss the possibilities of market expansion. And if you’d like to explore Altenar’s top-of-the-line sportsbook software, you can visit the website today and request a demo.
