IPepper news
  1. Main
  2. /

    News
  3. /

    Casino and Games
  4. /

    Over half of ...
  5. /...
Over half of Brazilians engage in gambling activities
Playing cards and Brazilian banknotes. Source: Shutterstock

Over half of Brazilians engage in gambling activities

According to a survey by Hibou, a market research firm, 68% of Brazilians participate in gambling, with approximately 16% acknowledging that their gambling addiction has led to financial difficulties. Among those experiencing financial issues related to gambling, 32% reported selling personal items to cover their losses, 29% admitted to borrowing money from friends or family, and 23% indicated that their financial challenges remain unresolved.

Among the respondents who do not gamble, 44% pointed to distrust in the fairness of betting games, while 30% mentioned a lack of disposable income. Notably, a significant majority—88% of non-gamblers—believe that gambling can lead to addiction.

In terms of perceived risk, 64% of all participants identified casinos and slot machines as the most addictive, while only 34% considered sports betting to be the least risky.

Demographically, 47% of gamblers are single, and 43% are married, with gender representation evenly split at 50% for both men and women. The survey found that the age group most inclined to gamble is those aged 55 and older, accounting for 27%, followed by those aged 35 to 44 at 22%, and individuals aged 25 to 34 making up 21%.

As Brazil moves toward establishing its legal gambling market, 73% of respondents believe that gambling companies should be subject to taxation, while 39% assert that regulation would enhance the safety of bettors. The study surveyed a total of 2,839 individuals from various social strata across Brazil.

Casino and GamesBettingGamblingBrazil

Casino and Games
EveryMatrix Set to Acquire Fantasma Games

19 September 2024, 15:00

Flutter Entertainment to Buy Playtech's Snaitech for $2.56 Billion

17 September 2024, 16:48

UK footballers join new anti-gambling campaign

15 September 2024, 15:04

MGM Resorts Transitions Casinos and Hotels to Solar Power

13 September 2024, 17:18

MGM Resorts Confident in Osaka Casino Future

12 September 2024, 15:00

Bet365 Fined $33,000

9 September 2024, 10:35

Other news
MGM Resorts Transitions Casinos and Hotels to Solar Power
MGM Resorts Transitions Casinos and Hotels to Solar Power

MGM Resorts International has forged a partnership with Escape Solar LLC to provide its hotels and casinos with solar energy. This collaboration enhances MGM's existing status ...

US lawmakers prepare new restrictions for the country's gambling market
US lawmakers prepare new restrictions for the country's gambling market

New York Congressman Paul Tonko and Connecticut Senator Richard Blumenthal have proposed a legislation aimed at strengthening regulations within the betting and gambling ...

MGM Resorts Confident in Osaka Casino Future
MGM Resorts Confident in Osaka Casino Future

MGM Resorts International is optimistic about the timely construction of its integrated resort, MGM Osaka, which will feature a hotel and casino. The American gaming giant has ...

Articles
Expert Opinion: Why Betting Can't Survive Without AI Analysis of Sports Data
Expert Opinion: Why Betting Can't Survive Without AI Analysis of Sports Data

In his opinion column, IGB expert Tom Waterhouse explores the significance of sports data analytics and data providers within the evolving landscape of sports betting. He ...

Finnish Gambling Market Reform: Veikkaus Resurgent vs Kindred's Leadership
Finnish Gambling Market Reform: Veikkaus Resurgent vs Kindred's Leadership

Could competition from private companies in Finland's regulated gambling market aid in revitalising the Veikkaus monopoly, which has experienced years of decline and losses? ...

Brazil's CPI and the Fight Against Match-Phishing
Brazil's CPI and the Fight Against Match-Phishing

Robinson Barreirinhas, the Special Secretary of Brazil’s Federal Tax Service, is set to provide testimony before the Parliamentary Commission of Inquiry (CPI) investigating ...

Why California Tribes Are Revolting Against Card Rooms
Why California Tribes Are Revolting Against Card Rooms

California Indian tribes engaged in the gambling industry are actively backing a bill aimed at enhancing their operations. However, representatives from state casinos and card ...

US Gambling Industry: Can More Deals Be Made?
US Gambling Industry: Can More Deals Be Made?

For many years, the majority of the largest companies in the US gaming sector—encompassing operators, suppliers, and sportsbooks—have been publicly traded entities. However, ...

Categories