Economy

Gambling to be Brazil’s next World Cup star

Over the last few years, Brazilian television and football stadiums have been flooded with a new sort of ad: for gambling. Sports betting websites currently sponsor all 20 teams in Brazil’s top division. Seven clubs sport the name of a betting platform on their jerseys. 

Moreover, two major betting platforms will air ads on Brazilian TV during the upcoming football World Cup in Qatar. Always a massive event, Brazilians draw the tournament’s largest TV ratings worldwide. During a match, over 80 percent of Brazilian television viewers tune into Globo, the country’s main broadcaster, which has exclusive free-to-air rights.

Pixbet reportedly paid BRL 175 million (USD 33 million) for advertising on Globo during the World Cup, which includes the use of Galvão Bueno – Brazil’s most famous sports announcer – as brand spokesperson. Betnacional, meanwhile, will air ads on both Globo and SporTV, a cable sports channel belonging to the same media group. Betano, a competitor to both, currently sponsors Jornal Nacional, Globo’s main newscast.

Yet, despite this expansion, gambling platforms remain...

Cedê Silva

Cedê Silva is a Brasília-based journalist. He has worked for O Antagonista, O Estado de S.Paulo, Veja BH, and YouTube channel MyNews.

Recent Posts

Petro’s far-fetched train project to compete with the Panama Canal

Panama was once a part of Colombia. Its canal, a monumental engineering achievement of its…

18 hours ago

Market Roundup: The new skills corporate board members need

The months of April and May see the biggest changes in publicly listed companies, with…

2 days ago

As elections near, what’s next for Panama’s closed copper mine?

Panama will hold its presidential elections on Sunday, months after huge protests saw thousands descend…

2 days ago

Madonna concert to inject BRL 300 million into Rio economy

The city of Rio de Janeiro estimates that a Madonna concert this Saturday on Copacabana…

3 days ago

Panama ready to vote as Supreme Court clears frontrunner

Latin America’s trend of banning opposition candidates from elections has caught on in an ever-growing…

3 days ago

Sabesp privatization edges closer with São Paulo legislation

The São Paulo City Council on Thursday approved legislation authorizing Brazil’s largest city to sign…

3 days ago