brazil

PAYMENT METHODS AND ONLINE CASINOS IN BRAZIL

Top Casinos and Best Banking Options for Brazilian Players

Brazil, the largest country in Latin America and one of the most populous nations in the world – surely it has an established online gambling market, right? Well, the situation is a bit more delicate than that.

What we can say for sure is that Brazilian online players have a good choice of casino sites online to satisfy their gambling needs. CBM will gladly help them in this, by suggesting trusted sites to join and convenient banking methods to use for both deposits and withdrawals.

Many refer to Brazil as the sleeping giant of the global gambling industry. As the majority of Brazilians turns to offshore gambling locations, the country is losing, economically. Las Vegas receives about 150,000 Brazilians a year, and the grey online market also pulls a lot of the wealthy demographics. That is why everyone is expecting Brazil to be the next great Latin American market to shine as the advancement of gambling legalization finally comes under the spotlight.

We will be watching closely the developments in the Brazilian online gambling market and report back on the popular forms of making bets online. If you want to play with real money from Brazil and use safe and anonymous methods of payment, stick around for some helpful suggestions.

Today’s best Brazilian online casinos and banking methods are at your disposal. The fact that recommended casinos do not have a Brazilian license shouldn’t worry you as they have been approved by globally accepted jurisdictions. And as for banking options, you will surely find a method that facilitates making deposits and carrying out withdrawals at web-based casinos.

Best Brazilian Online Casinos

The country’s strict gambling laws make it more difficult for locals to navigate the online gambling market, but don’t worry. CBM is here to steer you towards legitimate online casino sites that accept Brazilian players and allow you to wager safely and conveniently. For a gambling enthusiast from Brazil, our recommendations presented on this page will undoubtedly come in handy.

  • 4000+ casino games in unique categories
  • 4-layered welcome bonus package
  • Daily cashback offers
Apple Pay logo
AstroPay logo
Bank Transfer logo
Bitcoin Logo

18+ | New Customers Only |

T&C Apply
  • 5000+ casino games in dozens of categories
  • 4-in-1 welcome bonus package
  • VIP program with unique rewards
Apple Pay logo
Bank Transfer logo
Binance banking method logo
Bitcoin Logo

18+ | New Customers Only |

T&C Apply
  • Crypto casino games
  • Variety of payment methods
  • A lot of free spins prizes
Apple Pay logo
AstroPay logo
Bank Transfer logo
Bitcoin Logo

18+ | New Customers Only |

T&C Apply
  • 7000+ casino games
  • Sports-betting section
  • 2 types of welcome bonuses
AstroPay logo
Bank Transfer logo

18+ | New Customers Only |

T&C Apply
  • 4000+ casino games and game groups
  • Crypto payment methods included
  • Sports-betting section with virtual sports
AstroPay logo
Bank Transfer logo

18+ | New Customers Only |

T&C Apply
  • PayID for AU players
  • Weekly promos & VIP perks
  • Fast payment processing
Apple Pay logo
AstroPay logo
Bank Transfer logo
Bitcoin Logo

18+ | New Customers Only |

T&C Apply
  • A welcome package with 1000 free spins
  • Over 4500 casino games
  • Daily bonuses and unique rewards
Apple Pay logo
AstroPay logo
Bank Transfer logo
Binance banking method logo
Bitcoin Logo

18+ | New Customers Only |

T&C Apply
  • Crypto payment methods
  • Multiple welcome bonuses
  • A sportsbook section
AstroPay logo
Bank Transfer logo

18+ | New Customers Only |

T&C Apply
  • 4000+ casino games
  • Crypto payment methods
  • 3-in-1 welcome bonus
Apple Pay logo
Bank Transfer logo
Binance banking method logo
Bitcoin Logo

18+ | New Customers Only |

T&C Apply
  • PayID Australian Casino
  • 4,900+ games
  • Great cashback offers
Apple Pay logo
AstroPay logo
Bank Transfer logo

18+ | New Customers Only |

T&C Apply

Top Casino Banking Methods in Brazil

While you may find that Brazilian casinos with a long list of accepted deposit methods are few and far in between, we’ve noticed that online casino players from Brazil can still count on multiple solid options that will serve very well as both deposit and withdrawal solutions for their gaming accounts. Fast and secure payments are possible – take a look below which casino banking methods fit the profile.

84%
Pay4Fun logo

Review & Best Casinos

  • Quick casino transactions
  • Low fees for adding funds
  • Excellent customer support
Read Review
85%
PIX logo

Review & Best Casinos

  • Instant deposits
  • High level of security
  • Developed by Banco do Brasil
Read Review
83%
PicPay logo

Review & Best Casinos

  • Easy to use, mobile-friendly
  • Outstanding option for Brazilian
  • Cashback loyalty program
Read Review
76%
Inovapay logo

Review & Best Casinos

  • Tailored to LATAM players
  • Instant casino deposits
  • Casino withdrawals supported
Read Review
85%
UPayCard logo

Review & Best Casinos

  • Fast deposits & withdrawals
  • Maximum security
  • Positive player feedback
Read Review
83%
Boleto Logo

Review & Best Casinos

  • Tailored to Brazil
  • Maximum security
  • Flexible and convenient
Read Review
84%
AstroPay logo

Review & Best Casinos

  • No banking info revealed
  • Improves budget management
  • Seconds-long transactions
Read Review
92%
Visa Logo

Review & Best Casinos

  • Fast casino transactions
  • Available around the globe
  • 165 supported currencies
Read Review
91%
Mastercard logo

Review & Best Casinos

  • A leading payment solution
  • Maximum security
  • Fast & easy casino transactions
Read Review
90%
Banking Methods Payz

Review & Best Casinos

  • Fast casino payments
  • Available around the globe
  • Designed with iGaming focus
Read Review
89%
MuchBetter logo

Review & Best Casinos

  • Available around the globe
  • Designed with iGaming focus
  • Fast deposits & withdrawals
Read Review
89%
Google Pay logo

Review & Best Casinos

  • Fast payment option
  • Safe and secure mode of payment
  • Available on mobile devices
Read Review

Laws and Regulations on Online Gambling in Brazil?

Regulation icon

The legal landscape in Brazil concerning gambling activities is an interesting occurrence to observe. While the rules and regulations may seem strict at first sight, the country is often described as an emerging market, especially when it comes to online casinos and gambling sites.

Is online casino gaming even legal in Brazil? Well, since the Criminal Contravention Act was passed in 1946, casino gaming in Brazil is prohibited. In practice, it became a legal grey area. The only “fully legal” gaming scene in Brazil comes down to bingo and lottery gaming. Before 1946, Brazil allowed the operation of casinos. But, the Criminal Contravention Act outlawed them and still remains in place today.

In recent decades, the gambling industry became much more diverse and many countries started struggling with adapting their legal frameworks to address the boom of online casino and sports betting platforms. As much as players are enthusiastic to see this through, the process is usually very slow and full of turmoil.

Certificate icon

The legal documents currently in force prohibit any games of chance on a federal level, which technically makes running an internet casino also illegal, although this isn’t specified. One way or the other, there are no Brazilian casino sites out there, no casino platforms operated inside the country. On the other hand, there is nothing preventing players from seeking out opportunities at online gaming sites established in foreign countries.

Senator Ciro Nogueira’s has submitted an amendment bill to the Brazilian government and requested that Brazilian financial institutions are forced to block all payments made to offshore gambling sites. It didn’t pass. Brazil does have an established lottery system from over 50 years ago, though. Lottery programs are maintained by Caixa Econômica Federal, a state-controlled bank, and there is a website that sells lottery tickets.

In the most recent developments, the government is planning to have fixed-odds betting regulatory framework set up and running by the middle of 2021. The law allowing this was passed in 2019. For the Brazilians to stop using the law loophole and stop gambling in online casinos outside of the country’s borders, the country needs to regulate this area. Senator Angelo Coronel is the main advocate for the legalization of all forms of gambling in the country, including online casinos.

Brazilian Market Updates

  • February 2022: Brazil’s Chamber of Deputies approves new online gambling legislation. It allows up to three licences per state, depending on the number of residents. Furthermore, the new law defines the development of new software, “Audit and Control System”, for the Ministry of Economy.

Are You Required to Pay Taxes on Winnings?

Taxes icon

Brazilian players who get lucky and win while enjoying regulated forms of entertainment will not be able to cash out their winnings in entirety. Instead, gains will be reduced by 30% due to an exclusive withholding income tax that applies to whole prize amounts.

So, whether you play lotteries or bet on horse races, you must part with 30% of your winnings. However, you don’t pay the tax yourself. Instead, according to the law, the operator you have played with will withhold the due tax amount and pay it.

On the other hand, winnings obtained while playing poker are subject to a different withholding income tax. When payouts are won at games of skill, they are subject to progressive tax rates, ranging from 7.5% up to 27.5%. The same goes for winnings obtained on sports betting and offshore casino sites.

However, a 30% withholding income tax applies to gains from fixed-odds sports betting above 1,903.99 BRL, which is the personal income tax exemption limit.

Can Casinos That Accept Brazilian Players Be Trusted?

Handshaking icon

Knowing how sensitive the situation is with the online casino market in Brazil, one is perfectly entitled to ask the question – can the casino sites servicing Brazilian players be considered trustworthy? From what we’ve seen and experienced, yes. If they are regulated by a trusted entity and hold a valid license to operate remote gambling, then yes.

Fair gaming icon

You should never play at a Brazil-oriented online casino that doesn’t hold a licence, as simple as that. Once you’ve validated the license info and all the certification that ensures fairness, you will never have the need to question the site’s integrity. A licensed casino ensures that all your deposits remain safe, as well as your personal data shared with the operator. Furthermore, it guarantees that you’ll receive all your winnings. The best licences on the market are issued by the authorities in Malta, Curaçao and Gibraltar. You can be sure that these authorities perform stringent checks to ensure that every player is protected.

Best Casino Bonuses for Brazilian Players

When signing up for an account at an online casino, games are not the only thing that draws you in. There is the question of bonuses, as well. You will be happy to know that Brazilian players can take advantage of all kinds of great casino bonuses, from welcoming offers to recurring promotions. Offers vary from one casino to the next, but we’re keeping track of the most beneficial bonuses, while still allowing you to hop around and find the best ones suited to you and your gaming budget.

Arlekin

Welcome Package

40x (B+FS Wins)

Ongoing

€20/30 AU$

€10,000

85%

Billy Billion

Welcome Package

40x (D+B+FS Wins)

Ongoing

€20/AU$30

10,000

84%

Casombie

Welcome Package

35x (D+B) 40x (FS Wins)

Ongoing

€20/AU$30

No

83%

Zotabet

Welcome Package

WELCOME

40x (B+FS Wins)

Ongoing

€20/30 AU$

82%

Spinch

Welcome Package

WBSPIN

40x (B+D)

Ongoing

€30/45 AU$

82%

Kryptosino

Welcome Package

Free

Ongoing

€20

82%

Vegaz

Welcome Package

100FIRST

Free

Ongoing

€20

82%

Richard

Welcome Package

40x (B+FS Wins)

Ongoing

€/AU$20

82%

Local Payment Methods to Consider

Brazil banking icons

It is the banking department where one can find out if the online casino is indeed Brazilian-friendly. Making international payment methods available is all right, but not nearly enough to make a player from Brazil feel comfortable and at home.

Consequently, we see many new country-specific payment services catering to Brazilian gamers. One of them is Bank Ticket (Boleto Bancário). This payment service allows players to remain anonymous and make secure cash payments if they don’t have a bank account or don’t want to use it.

Another highly popular casino banking method in Brazil is PIX. This is a real-time digital payment platform supported by the central bank. It lets players credit the casino accounts in seconds, 24/7. Moreover, it also allows users without bank accounts to make online transactions.

However, Brazil also has payment methods tailored for iGaming, among others. We are speaking about Pay4Fun, an e-wallet created with casino players in mind. Pay4Fun is available at many Brazilian-friendly online casinos as a deposit and withdrawal method. Also, let’s not forget PicPay, a digital wallet focused on the Brazilian market that is also popular among casino players.

Finally, a number of the country’s leading banking institutions allow direct and fast deposits to gaming websites. These include Itaú, Bradesco, Santander, Caixa, Banco do Brasil and a few others.

Depositing with BRL Currency

Brazilian real symbol

We’ve already established that Brazilian players do have plenty of options when it comes to depositing real money to an online casino, but we must point out that it is unlikely for deposits to be outright accepted in BRL currency (Brazilian Real).

What this means is that you may have to sign up for an online casino account by choosing a more commonly accepted currency, such as USD, EUR, GBP, AUD or CAD, which isn’t all that bad but comes with additional charges. If you deposit in local currency and the casino doesn’t accept it, your funds will be automatically converted and you will suffer the corresponding exchange fees.

Top Land-Based Casinos in Brazil

Land-Based Casino icon

At the moment of writing this guide, horse racing and lotteries are the only legal forms of entertainment in Brazil. As for fixed-odd sports betting, it is technically legal but still not regulated because the government has issued no standards yet.

Since all other forms of gambling have been banned since 1946, Brazil has no land-based casinos. However, it might change soon, given that the Chamber of Deputies gave the green light to land-based and online gambling in Brazil in February 2022.

Most deputies voted for Bill 442/1991, which should legalize land-based and online casinos, slot machines, bingo and more in Brazil. In 26 states, casinos can be integrated within resorts, with the number of facilities varying depending on the population.

Until the law is enacted, Brazilians can enjoy betting on horse racing at several hippodromes. They include Hipódromo da Gávea in Rio de Janeiro, Hipódromo do Cristalin Porto Alegre, Hipodromo de Cidade Jardim in São Paulo and Hipodromo do Taruma, Curitiba.

Most Famous Gamblers

Gambler icon

Brazil’s most successful poker player is Joao Simao Peres, ranking #8 on the 2022 WSOP Player of the Year list. So far, Simao Peres has earned more than $5.2 million participating in poker tournaments, with 8 wins and 111 cashes. In 2022, he won his second golden bracelet at the World Series of Poker (WSOP). Once considered the best online poker player, Simao Peres became a Partypoker ambassador in Brazil in 2016.

Yuri Martins Dzivielevski is another professional poker player from Brazil that participates in online and live poker tournaments. According to Poker Hendon Mob, the largest poker database, Dzivielevski has won almost $5 million in live tourneys. So far, he has won two bracelets at the WSOP and cashed 73 times. When playing online, he uses various nicknames. The one he uses on PokerStars is theNERDguy.

Alexandre Gomes is considered the most successful live poker tournament player in Brazil. So far, he has won more than $3.7 million in live tournament cashes. In 2008, he became the first winner of a WSOP bracelet in his country.

With no bracelet but with more than 120 cashes, Felipe Tavares Ramos is another successful poker player from Brazil. Also known as Felipe Mojave because of his nickname on the PokerStars platform, Ramos has earned more than $3 million in live tournaments, with more than $1.3 million at the WSOP only.

André Akkari won the 2011 WSOP $1,500 No-Limit Hold ’em event, which earned him a bracelet. As a professional poker player, Akkari earned more than $3 million in live tournaments, with more than 90 total cashes. At the WSOP only, the Brazilian won more than $1.2 million.

Fun Facts

  • Jogo do bicho (known as “the animal game”) is an illegal gambling game in Brazil, very popular throughout the country. It is a lottery-type drawing which started out as a raffle at a zoo in Rio de Janeiro in 1888, now operated on a regional basis using the daily state lottery draw by mafia bosses and corrupt public officials known as contraventores, bicheiros or banqueiros (“bankers”). Paraíba is the only state where the game is legal and regulated by the state. Jogo do Bicho, this popular Brazilian numbers game based on animal characters is reckoned to have a turnover of $10 million (U.S.) per week and employs as many as 50,000 people. It is a cultural thing.

  • Football, futsal and beach sports are considered responsible for most of the illegal betting revenue in Brazil.

  • Total gaming market in Brazil is expected to be worth US$1.66 billion by the end of 2020.

  • It is calculated that, before the Coronavirus crisis, around 200,000 Brazilians were travelling to foreign casinos to gamble every month. Las Vegas receives about 150,000 Brazilians a year and around 200,000 residents travel to neighbouring Uruguay to gamble at local casinos.

  • In 1946, the Copacabana Palace, the famous beachfront Rio de Janeiro hotel that still exists today, had a casino that netted nearly $100 million per year from its gaming tables, according to Americas Quarterly. That was the last year casinos were officially legal in Brazil.

FAQ

It is currently still forbidden by federal law for Brazilian companies to take wagers online. However, a legal loophole allows casinos that are licensed internationally to offer their services to Brazilian citizens legally. With no fear of legal repercussions, Brazilian gamblers can focus on finding safe, licensed casinos to join.

In Brazil, over 40% of the population own a smartphone, which means approximately 87,000,000 smartphone users. Brazilian-facing casinos have that in mind. Whether you have a Samsung Galaxy J2 Prime, iPhone 7, Galaxy J5, the iPhone X or the older iPhone 6 and 6S series, you will still be able to game smoothly via a dedicated casino app or mobile-responsive casino site.

Not all Brazil-friendly online casinos will accept the Brazilian Real, but if you don’t want to exchange your money you can find good casino website choices that will allow you to play in your local currency. Some will even incentivize you to do so.

It is important that you take the essential step of self-excluding from all of your online casino accounts. Unfortunately, there is currently no major charitable/non-profit organisation designed to deal with the growing gambling problem in Brazil. However, you can go to Brazilian Gamblers Anonymous – Jogadores Anônimos Do Brasil.

You will be able to place bets or enjoy online casino entertainment after you turn 18. If you are younger than 18, gambling is prohibited by law.

Yes, most of the trusted casinos do. Gambling platforms which offer their services to Brazilian players usually accept Boleto among their payment methods since they wish to make payments more convenient for their Brazilian users.

Bart Crebolder

Bart Crebolder

Lead Content Manager

Having dedicated nearly a decade of his career to the iGaming industry, Bart Crebolder stands as a valuable member of the CasinoBankingMethods.com team. His journey in the industry has been marked by his pursuit of the latest trends, making him a relevant source for information about online casinos and payment methods. He is an invaluable asset to the team because of his passion for the iGaming world, contributing with his standing as a trusted authority in the online casino industry. Bart's content consists of comprehensive analyses, reflecting his deep understanding of the casino industry and he is setting standards for informed, reliable, and engaging content in online gaming.

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