Sportradar is strategically expanding its presence in Brazil, following the formal regulation of the country's sports betting market at the start of the year. Brazil's online gross gaming revenue (GGR) is projected to more than double from R$18.4 billion (USD 3.18 billion) in 2023 to R$50.5 billion (USD 8.75 billion) by 2029.
The company reinforced its commitment to the region by opening its first office in Brazil in 2024 and has cultivated partnerships with major local sports federations like CBF and CBV. Currently, 50 of the 80 licensed operators in Brazil are Sportradar clients, with 35 outsourcing their complete risk management and trading services.
Sportradar is also launching its iGaming strategy in Brazil, leveraging its global expertise and 360-degree marketing services platform. The company offers a full portfolio of iGaming products, including crash games, virtual sport games, slots, casino, and live dealers, aiming to expand its client base beyond sports betting.
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