Betano lands $16M deal as Brasileirão title sponsorship deal

Betano expands its Brazilian football portfolio, already holding rights for Serie B and Copa do Brasil, even as it ends its sponsorship with club Fluminense for a new alliance with Superbet.
by
Desmond Efe-Khaese
2024-04-11 11:16:12

Betano, a Kaizen Gaming company, has snagged the title sponsorship for Brazil’s premier football league, Campeonato Brasileiro Série A, in a deal worth 80 million Brazilian reais ($16 million) per season over three years. This partnership surpasses the league’s previous sponsorship with Assaí by $6 million annually.

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The sponsorship announcement comes as Brazil legalizes its gambling sector, demanding bookmakers like Betano secure a local license. This regulatory shift opens up new opportunities for the industry.

The 2024 Serie A season, running from April 13 to December 8 will serve as a critical platform for Betano, enhancing its visibility in South America. This move aligns with Betano’s strategy to dominate the Brazilian market, leveraging the newly regulated betting environment.