DraftKings and MGM have set their sights on Brazil’s rapidly growing online gambling market, with plans to launch their platforms in the country in the near future. This strategic move comes as Brazil considers legalizing sports betting and other forms of online gambling, paving the way for a potential lucrative opportunity for these major players in the industry.
According to industry experts, Brazil has the potential to become one of the largest online gambling markets in the world, thanks to its large population and growing internet penetration rate. With an estimated population of over 210 million people, there is significant untapped potential for online gambling operators to capitalize on in the country.
DraftKings, known for its popular sports betting platform in the United States, sees Brazil as a key market for expansion. The company has already begun laying the groundwork for its launch in the country, including securing partnerships with local licensing authorities and setting up a dedicated team to oversee operations in Brazil.
MGM, one of the top casino and entertainment companies worldwide, is also eyeing Brazil as a lucrative market for its online gambling offerings. The company has expressed its interest in entering the Brazilian market and is currently in talks with potential local partners to facilitate its entry into the country.
The legalization of sports betting and online gambling in Brazil is currently being debated by lawmakers, with a bill pending approval in the country’s legislature. Industry insiders are optimistic about the prospects of the bill passing, citing the potential economic benefits that a regulated online gambling market could bring to Brazil.
In addition to DraftKings and MGM, other major players in the online gambling industry have also expressed interest in entering the Brazilian market. Companies such as Bet365, William Hill, and 888 Holdings have all been closely monitoring developments in the country and are considering launching their platforms in Brazil once online gambling is legalized.
As Brazil inches closer to legalizing online gambling, industry experts predict a surge in investment and activity in the country’s online gambling sector. With major players like DraftKings and MGM positioning themselves to capitalize on the potential opportunities in Brazil, the country’s online gambling market is poised for significant growth in the coming years.
