The Sports Gambling Landscape in the United States and Brazil

Dan Etna, co-chair of Herrick's Sports Law Group, had a conversation with Neil Montgomery, Founder and Managing Partner at Montgomery, a Brazilian law firm headquartered in Sao Paulo. Neil has spent 20 years of his practice dedicated to the gambling industry.

Dan and Neil discuss the landscape of sports betting in the United States and Brazil, covering the rise of sports gambling in both jurisdictions, the increase in the types of bets being made, the growth of sports betting apps, and the use of ring-fencing geolocation technology. They also discuss illegal gambling, tax implications, higher stakes wagering, Brazil's lottery-based system for sports gambling and the rise of prediction markets.

Dan and Neil note that while the gambling landscape is fairly settled in the United States, the sports gambling industry in Brazil remains dynamic and in constant flux. Listen here to learn more about the similarities and differences between these two markets and what Neil and Dan expect to see in the future.