Home to Roughly 81 Million Gamers, Brazil is set to Become One of the Largest Esports Betting Markets in the World
Esports Technologies a leading global provider of advanced esports wagering products and technology, announced the launch of its international consumer platform, Gogawi, in Brazil. Gogawi.com, which recently also launched in Japan and Thailand, is an immersive betting destination offering wagering on the top esports tournaments and matches with market leading odds.
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It’s believed Gogawi will bring a powerful and dynamic platform for esports betting to Brazil
It’s believed Gogawi will bring a powerful and dynamic platform built for esports betting to the Brazilian market, which is expected to become one of the country’s most popular sports categories over the next few years. Tournaments and competitions featuring the top teams and players will be able to vie for large cash prizes in games such as League of Legends, CO:GO, Dota 2, FIFA 21, and Call of Duty. On Gogawi.com, fans and bettors in Brazil can now watch matches, see odds, and place bets in real time.
Latin America’s largest country by population — represents Gogawi’s first introduction to the Latin American market, selected for its rapidly growing esports fan base and interest in igaming. According to PwC’s 19th Global Entertainment Survey, Brazil is Latin America’s leading gaming market, ranked 13th in the world. Throughout the pandemic the nation’s esports sector has skyrocketed and is expected to continue growing rapidly with total gaming revenue predicted to reach $1.17 billion dollars by 2023. Additionally, as the country moves towards regulation and licensing of igaming, the igaming industry in Brazil could reach $101 billion industry by 2024, according to BtoBet.
Aaron Speach, Esports Technologies CEO, said, “Brazil is on the precipice of becoming an esports betting giant, and as such I am delighted to see Gogawi available to Brazilian esports fans and bettors. Brazilian esports has taken off, with a record-breaking number of people viewing major tournaments and competitions, like the Brazilian League of Legends Championship. With this increase in esports popularity and engagement from fans we are excited to bring an innovative and dynamic layer of engagement to esports competitions in Brazil, giving fans a chance to win big.”
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