Following a long-awaited regulatory overhaul, the Rio de Janeiro state lottery, Loterj, has officially issued its first batch of Federal-level iGaming licenses this week. This move allows authorized operators to legally offer online betting and casino games across the entire Brazilian territory, not just within state lines. Industry experts predict that Brazil will become the world’s third-largest regulated iGaming market by the end of 2026, with an estimated annual turnover exceeding $5 billion.
