The Preferences in Brazil’s iGaming Market

Brazil’s iGaming market is not a single story, it’s two markets running in parallel.
Smaller operators are often casino-driven, while the most prominent brands lead with sportsbooks, leveraging trust, operational scale, and broad markets. As a result, both casino-focused challengers and sportsbook flagships succeed through different strategies.
With Brazil now firmly on the global radar, that distinction matters more than ever. Investment is accelerating, regulation is reshaping strategy, and operators are being pushed to answer a simple question with complex consequences. To unpack this market divide, let’s look at player preferences and what’s driving change.
Key takeaways
Sportsbook-led operators win with trust, deep markets, and seasonal retention;
Casino-first operators scale fast, but engagement is often short-lived;
Retention upside lies in a gradual, culturally aligned cross-sell that bridges products without forcing behavior change.
Sports betting is leading Brazil’s iGaming growth
Brazil has experienced rapid expansion in fixed-odds sports betting since its legalization in 2018. By 2023, the sector was already operating at a massive scale, confirming the country’s appetite for sports betting as mainstream entertainment.
As regulation matures, some describe a “cooling” effect. However, it’s more about realigning acquisition, compliance, and brand strategy within a regulated market than shrinking demand.
Market forecasts reinforce the trend: sports betting is expected to represent the largest share of online gaming activity in Brazil, ahead of casino formats.
According to H2 Gambling Capital, Brazil’s iGaming market in 2025 is expected to break down as follows:
55% generated by sports betting;
27% from slots and crash games;
18% from live casino and other formats.
But neat percentages don’t capture the strategic challenge operators face next: how to convert preference into long-term loyalty across products.
The retention gap: why the Casino alone can be fragile?
Casino products can deliver fast engagement. They’re easy to understand, instantly rewarding, and often driven by short session cycles. That makes the casino powerful for activation, but not always ideal for retention resilience.
Sports betting, by contrast, creates longer relationships because it naturally connects to time and emotion:
A football season unfolds over months, not minutes;
Leagues and tournaments create recurring reactivation moments;
Loyalty grows through identity – teams, rivalries, players, communities.
The real opportunity isn’t choosing between a casino or a sportsbook, but creating an ecosystem where both reinforce each other – especially in Brazil, where culture shapes entertainment adoption.
The cross-sell problem: two Worlds, two Mental Models
This is where many operators struggle.
Casino-first players often thrive on instant gratification: quick outcomes, low friction, rapid repetition. Sports betting requires a different mindset: odds, lineups, stats, timing, and uncertainty shaped by real-world events.
For a casino-driven operator, the challenge becomes:
How do you introduce a sportsbook without overwhelming or alienating the player?
Because in practice, the jump can feel like switching genres – from arcade to chess.
The best approach isn’t using big bonuses, but designing a progression into a sportsbook with familiar mechanics—simple prediction games, mini-challenges, and gradual learning – supported by CRM timing and gamification. This lowers barriers and encourages comfortable discovery of sportsbooks.
Oddsgate’s experiment: building a bridge between casino and sportsbook
In real operator environments near us, we often see extreme skew: casino players can account for 98% of the base, leaving a small share for sports bettors. That imbalance isn’t just a product mix issue – it’s a retention risk.
Oddsgate tested an approach that bridges the two worlds rather than pushing players across in one leap.
Goal
Expand retention and product depth without disrupting casino-first behavior.
Mechanic
Instead of asking a slots player to interpret odds immediately, the entry point uses recognizable casino-style games with a sportsbook twist, such as predicting which football team will win or the final score, making a choice as simple as selecting a slot or making a game guess.
Simple predictions;
Points earned for correct guesses;
Rewards that convert into spins or credits.
In practice, it feels like a loyalty game. Players encounter familiar steps – making predictions (like picking match outcomes), earning points for accuracy, and exchanging those points for casino rewards such as spins or credits. Through repeated participation, they gradually learn the basics of sports betting while enjoying a casino-style experience.
Why it works?
This bridge respects players’ starting points. By introducing sportsbook as entertainment first and betting logic second, friction is reduced, and repeat engagement is encouraged.
A culturally native mechanic: the bolão effect
One of the most effective formats draws on a deeply Brazilian tradition: the bolão.
From offices to families to friend groups, score pools have long turned major tournaments into collective rituals. By mirroring that behavior digitally – where prizes reward exact score predictions – the sportsbook becomes less “new product” and more a familiar cultural habit in a modern interface.
It reframes betting as participation and community, not complexity.
Cross-sell works both ways and that’s the point
What’s striking is that these mechanics aren’t only for beginners.
When features like cashback in free bets, mini-games, or layered missions are added to the experience, experienced sports bettors also engage more deeply. That means the same cross-sell architecture can:
Onboard casino-first users into sports betting;
Increase engagement among sportsbook-native players;
Strengthen retention across the journey's different stages.
What will shape winners in Brazil’s iGaming market?
Cross-selling in Brazil won’t be won by bigger bonuses alone.
It will be shaped by product experiences that:
Reduce friction and learning curves;
Respect local cultural codes and behaviors;
Use CRM intelligently (timing, segmentation, progression);
Turn adoption into play, not obligation.
Gradual, culturally relevant cross-sell can bridge the gap between casinos and sportsbooks, building stronger, more balanced ecosystems. If not, polarization will persist.
Brazil’s iGaming winners will be defined by progressive design. Operators connecting casino and sportsbook through culturally adapted, low-friction experiences will build the most resilient retention, regardless of the initial product choice.
FAQ
Is Brazil more casino-first or sportsbook-first?
It depends on the operator segment. Many smaller brands skew heavily toward casino, while larger operators often lead with sportsbook due to scale, trust, and deeper betting ecosystems.
Why is a sportsbook typically stronger for retention than a casino?
Sports betting follows real-world calendars (leagues, tournaments, seasons) and builds emotional loyalty through teams and communities—creating more natural reactivation moments over time.
What is cross-sell in iGaming?
Cross-sell is the strategy of encouraging players who start in one product (e.g., casino) to also engage with another (e.g., sportsbook), increasing retention, value per player, and resilience.
How can operators introduce sportsbook to casino-first players?
The most effective approach is gradual: use familiar mechanics like predictions, points, and mini-challenges, supported by CRM segmentation and culturally relevant formats like bolão-style pools.




