Bragg Gaming is alreasy reaping the benefits of a newly regulated online casino market.

The Toronto-based iGaming content and technology solutions provider has announced its presence in Brazil as a supplier to licensed operators in the recently opened market. On Jan. 1, Brazil officially launched regulated sports betting and iGaming after President Lula Inacio Da Silva approved the country’s regulatory framework for wagering twelve months prior.

According to data provided by H2 Gambling Capital, the online casino market in Brazil is expected to be valued at $1.4 billion in 2025. By 2029, the iGaming market in Brazil is projected to reach $3.7 billion.

Brazil is offering wagering with oversight from the Prizes and Betting Secretariat (SPA), an agency backed by the Ministry of Finance.

Bragg already has deep footoprint

Bragg is anticipating strong returns for its market position in Brazil. The company said it expects the market to make up approximately 10% of its total revenue in 2025.

“At Bragg, we have extensive experience of delivering highly localized iGaming content and technology solutions in regulated markets, and we now expect the Brazilian market to become a key territory for us and a significant driver of our growth in the wider LatAm region,” said CEO Matevz Mazij.

As of Jan. 10, Bragg is providing its services to roughly one-third of the licensed iGaming operators in Brazil. By Q3 2025, Bragg expects to collaborate with half of Brazil’s operators.

Ahead of last week’s launch, the SPA issued 67 wagering authorizations to gambling companies, of which 15 were definitive and 52 provisional. The companies, which each paid a roughly $4.8 million subsidy, include Betano, Novibet, Sportingbet and Superbet.

Bragg has also solidified its presence in Brazil with an office in São Paulo.

Bragg sets high expectations for 2025

The technology solutions provider is expanding its reach across the world as it anticipates double-digit revenue growth in 2025 following a strategic review last year.

The review allowed Bragg to identify key focus areas, which include cash generation, revenue diversification and proprietary content growth. In 2025, Bragg also anticipates expanded bottom-line profit margins and increased operational leverage.