IBJR study reveals illegal market to be up to 51 per cent in Brazil

Brazil’s illegal betting market represents an estimated annual loss of up to R$ 10.8 billion in public revenue, according to the study “Off the Radar: Size and Socioeconomic Impacts of the Illegal Betting Market in Brazil”, conducted by LCA Consultores with support from the Brazilian Institute for Responsible Gaming (IBJR) and based on data collected…