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Brazil: illegal gambling & betting market size as of 2016

Market value of the illegal gambling and betting industry in Brazil as of March 2016 (in billion Brazilian reals)

Brazil: illegal gambling & betting market size as of 2016 The statistic shows the market value of the illegal gambling and betting industry in Brazil as of March 2016, in billion Brazilian reals. According to the source, the market value of the illegal gambling and betting industry in Brazil amounted to approximately 19.9 billion Brazilian reals as of March 2016 (over 5 billion U.S. dollars at December 31, 2015 exchange rates). In 2016, illegal gambling with "Jogo do Bicho" ("the animal game", in English) accounted for around 12 billion Brazilian reals of the total Brazilian illegal gambling and betting market value.
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Market value of the illegal gambling and betting industry in Brazil as of March 2016 (in billion Brazilian reals)

Market value in billion Brazilian reals
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Market value in billion Brazilian reals
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Description

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The statistic shows the market value of the illegal gambling and betting industry in Brazil as of March 2016, in billion Brazilian reals. According to the source, the market value of the illegal gambling and betting industry in Brazil amounted to approximately 19.9 billion Brazilian reals as of March 2016 (over 5 billion U.S. dollars at December 31, 2015 exchange rates). In 2016, illegal gambling with "Jogo do Bicho" ("the animal game", in English) accounted for around 12 billion Brazilian reals of the total Brazilian illegal gambling and betting market value.
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Release date
March 2016
Region
Brazil
Survey time period
2016
Supplementary notes
* Jogo do Bicho (in English, "the animal game") is a popular albeit illegal gambling game in Brazil which consists of betting any amount of money on a particular animal. More information about this game can be found here.
The source does not provide an exact date of survey.
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