Brazil’s Illegal Betting Market Could Generate Up to R$43.3 Billion Annually, Study Estimates

The second part of Off the Radar 2.0, Measuring and Combating the Illegal Betting Market, estimates annual gross gaming revenue (GGR) for Brazil’s illegal betting market to be between R$32.9 billion and R$43.3 billion. The report was developed by economic consultant LCA, who requested it from the Brazilian Institute f…