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Sports betting in Mexico generated $300 million in annual tax income, which the nation did not get from sports betting ahead of 2004. With a combined population of more than 18.8 million, São Paulo and Rio de Janeiro are Brazil’s two biggest betting markets, with football as the most bet-on sport. In 2022, Law 13,756/18 authorized the Ministry of Finance in Brazil to regulate sports betting. The 50 maximum number of licenses to be issued was lowered due to the extended course of action. Argentina regulates sports betting city-by-city via the Lottery of the City of Buenos Aires. Some cities offer you regulated sports betting to all residents and tourists at least 18 or older. Sports betting has been legal and regulated in the United Kingdom because 1961. With four.9% of Brits preferring sports betting, the Gambling Act 2005 allows at least 18 years to participate.

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