Online Casinos in Brazil Offering Boleto Bancario
Despite sports popularity across the country, Brazil never took its time to officially regulate online gambling, yet the activity is enjoyed by plenty across offshore online casino sites. And across these sites, operators have ensured to provide players with the chance to use their local payment solution, Boleto Bancario, for their deposits. This is something like a voucher that gets purchased in cash across authorized stores, so it is a great alternative to cash, bank accounts, and credit cards, to be used across international online casinos. Its popularity across the online gambling industry never ceases to grow, so you will surely find hundreds of sites you could join to enjoy its service. So, continue reading to find out more about it and decide whether to use it as your deposit method at a Brazilian online casino. What is Boleto Bancario and why use it as your payment method across Brazilian online casinos?
The Legality of Online Gambling in Brazil
Carnival de Rio might be the first thing that pops into your mind when you think about Brazil, but there's certainly so much more to the country that makes it stand out from the rest of the countries in the world. Its mesmerizing nature and tourist attractions come second to mind, but if you're a sports fan, you do know that the country is also known for its football and players who have left a mark on sports for good. The success Brazil and its players have on a global level is unrivaled, yet, the country never thought of really regulating online sportsbetting, despite its huge potential.
In fact, the country never even thought about removing the ban on all forms of gambling that was introduced way back in 1946 with the Presidential decree. That is, until 2011, when Brazil regulated online lotteries and a few years in, after finally seeing its potential, regulated online sportsbetting. The online sportsbetting market did not get legalized until 2018, when the President signed the 846/2018 Bill. Ever since, therefore, Brazilians have been allowed to enjoy both online and offline sportsbetting, across many sites and bookmakers' shops.
When it comes to online casino gambling, as soon as online sportsbetting took off, Brazil started considering introducing formal laws to regulate it, too. The authorities realized that, in addition to enjoying placing bets on sports, Brazilians were enjoying casino games, across offshore sites, and saw the potential in formally legalizing the industry to receive a nice financial boost.
Over a decade, though, from 2011 to 2023, nothing official was announced. Sure, the country kept updating and changing laws, but it was not until 2023 that the online sportsbetting market really launched, even though officially legalized in 2018. It is safe to say that the country struggled with frameworks and regulations, and it was not until the last month of 2023 that the Chamber of Deputies validated the bill that regulates both online casinos and sportsbetting.
By January 2024, first reports came that the marking is thriving, with over $11 billion gambled by Brazilians in 2023, across sportsbetting sites. The Central Bank reported that the revenue that foreign companies earned in Brazil was for 11 months of 2023. But as far as online casino gambling goes, since no new laws were introduced, players are still joining offshore casino sites.
Since there are no licensed Brazilian online casino sites at this point, players are allowed to join offshore sites and are never prosecuted for that. But, expect this to change once the country officially launches the online gambling market. At the moment of writing, you are free to join any international online casino site without any worry on your mind and enjoy all the games you've been planning to try. Among them, we can mention Live Casino, slots, bingo, video poker, and of course, table games.
Plenty of developers have signed partnership deals with operators that cater to Brazil, to offer their content to Brazilian players, so expect an industry-leading online gambling experience, powered by the likes of Games Global, Evolution, and Yggdrasil, to mention a few powerful providers.
So, now that you know all of this, your first task would be to locate a few Brazilian-targeting sites and decide on the casino to join. While searching, make sure you find casinos that not only accept Brazilian players but also offer local payment solutions, like the amazing Boleto Bancario, for smooth deposits. This solution is one of the most popular Brazilian methods offered across hundreds of international online casinos, thanks to its ease of use and the convenience it offers users. With it, you never have to share any banking details with the operator and you can actually use cash to start playing your favorite games in your native currency, the Brazilian real. Continue reading to find out how’s that possible and you’ll see that in no time, you’ll be using this popular solution as your deposit method at your chosen Brazilian online casino.
Why Start Using Boleto Bancario at a Brazilian Casino?
Boleto Bancario is one of the most popular Brazilian payment methods across international online casino sites for good reasons. The fact that it was launched over three decades ago, soon after gambling went online, is one of the reasons why it is so available across online casinos that cater to Brazilian players. It was launched in 1993, and regulated by the Central Bank of Brazil which generates 6 billion transactions annually, so that's one more reason to try it. Another reason, of course, is its nature and ease of use. This is something like a voucher since when you decide to get started with it, you're purchasing an Easy Ticket, using cash, a bank account, or your mobile device, as you'll soon learn. It is a solution for cashless deposits across online casinos, an alternative to cash, using which you'll never have to share any sensitive banking details with the operator.
To cut to the chase, the following are the steps you’d need to take care of in order to get started with. As part of the EBNAX services, the solution collaborates with many authorized stores, lottery agencies, banks, and supermarkets, where you need to go physically to purchase your Easy Ticket. You can visit EBANX’s official website to discover all of the places you can visit to successfully complete the purchase. But the steps to take are the following: you go to your online casino, select Boleto Bancario as your payment method on the checkout page, set the amount you wish to deposit, wait for the voucher with a barcode to generate, print it, scan it or copy the barcode number to show it to the employee at one of the thousands of authorized locations and complete the payment in cash or via your bank’s mobile app.
Once your purchase is completed, the funds will arrive at your casino balance within 1 to 2 business days. The solution now offers Instant Boleto, too, which processes transactions in 15 minutes. Sure, this option is a bit more costly, but the transaction is processed with incredible speed. We should also mention that depending on the method you choose to use and the store you decide to go to in order to complete your purchase, some fees may apply. Make sure you ask about them before you even initiate this process, to see whether you're okay with the fees that apply.
Now that you know how easy and safe the solution is to use, make sure you stay with us as in the following section we’ll take you through the depositing procedure with the solution across Brazilian online casinos.
How to Deposit and Withdraw Across Brazilian Online Casinos with Boleto Bancario?
We basically just described the steps needed to make a deposit with Boleto Bancario at an online casino, but we'll go into detail soon enough, right after we guide you through your casino selection process. Here at LCB, you have over 360 online casinos that cater to Brazilian players and offer Boleto Bancario. We mentioned several times that it is incredibly popular across international online casinos, and this is your proof.
So, check out sites like BitStarz, Fresh Casino or BetSomnia, check their offerings and decide on the casino to join. Quickly register your account with one of them and to make a deposit with Boleto Bancario, go through these steps:
- Log into your registered player profile and find the Banking/Checkout page.
- Look for Boleto Bancario’s logo and press it.
- Set the amount you’d wish to deposit and wait for the barcode to generate.
- Head over to an authorized store to complete your purchase.
- In up to 2 days or within 15 minutes, the funds will reach your casino balance.
As you assumed, considering its nature, the solution is not an option for withdrawals. This is a voucher that works one way only and cannot work the other way around, since you never had to create any accounts to get started with it.
Therefore, you’d need to look for other options when it comes to cashing out your winnings. Another excellent local option you could use, with a similar, is Pix. You can always use eWallets and cryptocurrencies, too, or some other global method that you’re already using for your everyday transactions, like a credit card, but you won’t be able to use Boleto Bancario.
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FAQs
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