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.

PlayOJO

91.67%

18 + | New Customers Only |

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  • No wagering requirements
  • High limits
  • Excellent live casino

LeoVegas

91.17%

18 + | New Customers Only |

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  • Impeccable reputation
  • 200+ live dealer tables
  • Seven gaming licences

Bitstarz

91.00%

18 + | New Customers Only |

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  • Excellent track record
  • Very fast withdrawals
  • 170+ live dealer tables

7Bit

89.83%

18 + | New Customers Only |

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  • 10-minute cashouts
  • Impeccable reputation
  • Over 200 live dealer tables

BetWinner

89.83%

18 + | New Customers Only |

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  • 6,500+ casino games
  • 200+ live dealer tables
  • 140+ payment methods

22Bet

89.67%

18 + | New Customers Only |

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  • Over 6,500 games
  • 300+ live dealer games
  • Stunning array of banking options

Royal Panda

89.00%

18 + | New Customers Only |

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  • Impeccable reputation
  • Fast cashouts
  • Impressive live casino

Masked Singer

88.67%

18 + | New Customers Only |

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  • Lightning-fast payouts
  • The Masked Singer branding
  • Top-notch live casino

Nomini

88.50%

18 + | New Customers Only |

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  • Great selection of banking options
  • Two Cashback offers
  • 7 bonuses to choose from

Betsson

88.50%

18 + | New Customers Only |

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  • Highly reputable casino
  • Exclusive games
  • Premium banking options

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.

83%
Boleto Logo
Review & Best Casinos
  • Tailored to Brazil
  • Maximum security
  • Flexible and convenient
Read Review
83%
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
84%
AstroPay logo
Review & Best Casinos
  • No banking info revealed
  • Improves budget management
  • Seconds-long transactions
Read Review
85%
UPayCard logo
Review & Best Casinos
  • Fast deposits & withdrawals
  • Maximum security
  • Positive player feedback
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
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90%
ecoPayz Logo
Review & Best Casinos
  • Quick casino deposits & withdrawals
  • Available around the globe
  • Designed with iGaming focus
Read Review
89%
MuchBetter logo
Review & Best Casinos
  • Available around the globe
  • Designed with iGaming focus
  • Quick casino deposits & withdrawals
Read Review
87%
Skrill logo
Review & Best Casinos
  • Instant deposits & withdrawals
  • Safe and reliable e-Wallet
  • Widely accepted at casinos
Read Review
86%
Neteller Logo
Review & Best Casinos
  • Fast casino withdrawals
  • Highly secure option
  • Cryptocurrencies supported
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.

Certificate icon

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.

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.

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.

50 Free Spins No Wagering
Get Bonus
PlayOJO

Free Spins

No Wagering

Welcome Package

None

Ongoing

€10

No maximum

96%

5% Live Casino Cashback
Get Bonus
5% Live Casino Cashback

Cashback

No Wagering

Not required

None

Ongoing

€2

No maximum

95%

10% Cashback on Losses
Get Bonus
Fortune Legends

Cashback

No Wagering

Not needed

None

Ongoing

€100

No maximum

95%

5%-15% Weekly Cashback
Get Bonus
5%-15% Weekly Cashback

Cashback

High Roller

Not needed

None

Ongoing

€500

No maximum

93%

35% Instant Cashback
Get Bonus
35% Instant Cashback

Cashback

Not required

10x

Ongoing

$10

No maximum

91%

Money Back up to €40
Get Bonus
Gambola

No Wagering

Not needed

None

Ongoing

€10

No maximum

91%

100% up to €100 + €10 Free Spins
Get Bonus
LeoVegas

Deposit

Not needed

20x

Ongoing

No maximum

89%

10% Cashback up to €200
Get Bonus
Cadabrus

Cashback

Not needed

1x

Ongoing

€50

No maximum

88%

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. One of the payment methods that are highly popular among Brazilian players is Bank Ticket (Boleto Bancário). Digital banking and using credit cards is not the way to go for most Brazilians, as they prefer Boleto Bancário that gives them anonymity and safety guaranteed.

Every Brazilian taxpayer has a CPF number (individual taxpayer identification number of 11 digits) and that is all that is needed to start using Boleto Bancário, which makes it very handy. This payment solution does not require a person to have a bank account and statistics indicate that 35% of Brazilians don’t own a bank account. With Boleto integrated into the cashier, the casino site is bound to attract a large number of Brazilian customers.

Other popular methods used for casino gaming include PIX, PicPay, AstroPay, Pay4Fun, VCreditos, INOVAPAY, and DineroMail. A number of country’s leading banking institutions allow direct and fast deposits to gaming websites. These include Itaú, Bradesco, Santanter, Caixa, Banco do Brasil and 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.

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.

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