The Brazillian Crash Game sector has seen unprecedented developments in recent times. With me here today is Rishabh Vekaria, a successful Poker player, to discuss the prospects for developing collision games in Brazil in 2024.
What are the main trends and innovations expected for the development of crash games in Brazil in 2024?
Hello Brazil. I am Rishabh Vekaria. Thank you for having me.
Crash games have grown to be among the most popular casino games in Brazil in 2024. I will be citing KTO Casino, one of the leading online gambling sites in Brazil, in this discourse. KTO’s Head of Research shared that half of its top-10 games were collision games. They contributed to about 40% of KTO’s revenue at the time.
This citation shows the popularity of crash games in Brazil in 2024. Despite being a class of games with fewer numbers than slots, it is impressive that these crash games even appear in these discussions. I will share some of the crash games dominating the KTO space in 2024.
Aviator by SPRIBE is leading the way. This trend comes as no surprise to me, especially since this crash game has been the top crash game innovation of this century. I have other games that have seen increased popularity, too, including JetX and FootballX by Smartsoft Gaming. Spaceman by Pragmatic Play is also worth mentioning.
I expect this popularity trend to continue through 2024. The already-existing innovations and infrastructure should inspire game providers to develop more crash games in Brazil in 2024. With the recent regulatory shift, the prospect of developing crash games in Brazil in 2024 looks very promising.
How will legislative changes and regulation of the games market in Brazil affect the development of crash games?
In 2018, the Brazilian National Congress gave a go-ahead on online and land-based gambling. Before then, it was a dark age for prospective gamblers within the Brazilian borders. Since this approval, Brazil has made some giant strides toward a well-regulated gambling structure.
This approval of online and red-brick betting positively affected casino gaming, including crash games. In fact, since these games are now readily available to Brazilians, their popularity has increased. This increased fame now calls for developing more crash games for Brazil’s iGaming sector.
The one regulation change that finally belled the cat happened on December 20, literally in the last days of 2023. The President of Brazil – Luiz Inacio Lula Da Silva passed Bill 3,626/2023 into Law 14.790.
This law formed the basis of sports betting and iGaming regulation. The expectation is that this regulatory framework will shape the Brazilian market for the better through 2024 and beyond.
The new regulation will enhance player safety and the credibility of the Brazilian crash game sector. To foster players’ safety, operators must offer 24 hours to six weeks of self-exclusion. Unfortunately, this regulation may cause smaller crash game casinos to fold, but overall, I expect the Brazilian iGaming market to grow.
What are the unique opportunities and challenges for crash game developers in the Brazilian market in 2024?
With the new regulations for the Brazilian iGaming market, the credibility of the Brazilian market will increase, thereby creating safe opportunities for crash game developers. Over 130 companies are out to get their licenses for operation within the Brazilian space, so crash game developers now have 130 more companies to explore.
However, the new tax structure can pose a bit of a challenge for operators and crash game developers. Casinos now have to pay a 12% tax on their gaming revenue, and player winnings will also attract a 15% tax. Licenses will cost operators a lot of money, up to about US$6.2m for a five-year period.
The latest Brazilian regulatory framework prohibits credit card and crypto payments. Crash game developers and operators must overcome the challenge of optimizing their sites and games to accept alternate cash-in methods.
Game developers will reduce their use of advanced technology, like Blockchain, to optimise their games. They will have to stick with the basics, which can jeopardize the future of crash games in this industry.
Thank you once again for having me on your platform. I look forward to talking to you again soon about crash games’ outlook in different industries.