Online Casinos in Brazil
Online gambling in Brazil is legal since December 2018. The government has been improving the laws about gambling legislation. Today's gambling market in Brazil is already one of the largest in Latin America. Brazilian Legal Gaming Institute (Instituto Brasileiro Jogo Legal, IJL) is a governmental organisation that regulates gambling in the country. According to the statistics provided by the Institute, the annual revenue from the gambling market reaches 6.4 billion USD.
Legal Online Casinos in Brazil
Both land-based and web-based online casinos in Brazil became legal since December 2018. The estimated annual income is around 2 billion USD. Although online casinos in Brazil are legal now, many internet users have been accessing to the foreign international casinos that provide the interface in Portuguese language for the convenience of their clients. At Neon Slots we have prepared for you the reviews and the bonuses of the best legal online casinos in Brazil.
Gambling Games in Brazil
Below is a list of the most popular slots in Brazil: Top Cat, Twin Spin, Motörhead, Count Duckula and Winstar. Top Cat is a five-reel slot by Blueprint Gaming. The slot gives you a chance to play a bonus game with a progressive jackpot, take advantage of the Wild reels, re-spins and five interactive bonus rounds. Twin Spin is a five-reel slot by NetEnt that features 243 ways to produce winning combinations. Several reels in a row may be identical. Motörhead is a slot by NetEnt that comes with 76 paylines and 5 reels that contain various numbers of fields within them. Some of the symbols may turn into others to form combinations. The slot features an opportunity to get some symbols that land in stacks and earn a series of free spins. Count Duckula is a slot by Blueprint Gaming that comes with 5 reels and 20 paylines. Forty lines become available in the bonus game. You can win the jackpot, activate 4 random bonuses, and open 5 bonus rounds. Winstar is a five-reel slot by NetEnt that comes with 10 paylines. You have a chance to hit a jackpot which is the size of your bet per line multiplied by x5,000. Some symbols may turn into other pictures to complement your combinations.
Development of the Gambling Market in Brazil
While the government keeps arguing about which law to pass, major foreign companies have already started applying for permits to build land-based casinos. In April 2017 President of the State Department of Economic Development of Minas Gerais Province said during an interview that three large companies have already expressed their willingness to build a casino hotel in their territory. Two firms are supposedly from Spain and the third one is from the US. In May of this year the famous casino magnate Sheldon Adelson met with the mayor of Rio De Janeiro. The subject of the meeting was the idea to build an 8 billion dollar complex. A new casino is most likely to be a part of the tourist complex. As far as online gambling is concerned, the government has introduced some innovations in this area as well. In July 2017 one of the Senators proposed to prohibit Brazilians from using credit or debit cards to make payments in online casinos. This is the way the government is trying to lower the risk of spending large amounts of money by the players on gambling. It is a known fact that today Brazilians are spending 951 million USD on foreign websites each year. The introduction of gaming legislation will open up a large gambling market for Brazil. The biggest country in South America is capable of becoming one of the most powerful and most rapidly developing markets. Proceeds from the gambling industry into Brazil's budget could become a serious source of profits.