The Latin America Gambling Market is becoming one of the most significant markets on account of rising disposable income levels, growing internet penetration, as well as growing online gambling websites. The impacts of the COVID-19 pandemic were massive that completely hampered the growth of the industry as the governments in almost every country of the continent imposed strict lockdowns, which did not allow people to go out and become a part of any activity. Though, online gambling platforms were impacted positively by the pandemic as many people started using online gambling platforms. The affordability of many mobile applications is also one of the vital factors aiding the growth of this market.
According to the analyst, the Latin America Gambling Market Size is projected to grow at a CAGR of 18.4% during 2022-2028. The Gambling Market in Latin America is experiencing tremendous growth due to transforming lifestyles and rise in purchasing power of customers. Furthermore, growing virtualization in the region coupled with safe and secure virtual payment alternatives also play a major role in the growth of the online gambling market. Owing to the increasing use of virtual currency as well as websites provided by players for betting and gambling, the market is anticipated to obtain momentum during the forecast period. Consumers are projected to shift from land-based gambling to gambling which is played online since it provides consumers’ hassle-free experience. In online gambling, consumers do not need to go out as they can start playing sitting comfortably in their homes. Technological advancements such as virtual reality and augmented reality has made it possible that consumers now can have experience of real-life gambling by sitting anywhere.
Market by Product Type
Casino accounts for the major share of the Latin America Gambling Market owing to the number of gambling alternatives available under one platform. Moreover, the casino attracts tourist and a number of tourists visit Mexico to experience the real-life environment of the casino. The casino will continue to dominate the sector along with the betting segment. The betting segment is anticipated to register growth over the forecast period due to the rising E-Sports betting demand.
Market by Channel Type
Land-based segment has dominance in the market and will retain its dominance in the coming years due to the availability of big numbers of casinos in Mexico. Moreover, the Mexico government enabled casino as a legal activity since it also supports in generating revenue, and supports the government to earn taxes. Owing to technological advancements, rising internet penetration, and affordability of mobile applications, the online segment is also estimated to boost the market share.
Market by Countries
Brazil accounted for a major revenue share of the Gambling Market in Latin America despite the fact that there are a number of gambling activities that are not legal in the nation. In the country, horse betting as well as games of skills like poker are regulated and they highly contribute to the market share. Moreover, online gambling in the country is unregulated and many offshore operates take benefit of this legal loophole and they welcome players based in the country. Factors such as rising purchasing power and rising per capita income along with the growing online gambling website is expected to result in development of gambling market in Brazil.
Key Attractiveness of the Report
- COVID-19 Impact on the Market.
- 11 Years Market Numbers.
- Historical Data Starting from 2018 to 2028.
- Base Year: 2022
- Forecast Data until 2028.
- Key Performance Indicators Impacting the Market.
- Major Upcoming Developments and Projects.
Key Highlights of the Report
- Latin America Gambling Market Overview
- Latin America Gambling Market Outlook
- Latin America Gambling Market Forecast
- Historical Data and Forecast of Latin America Gambling Market Revenues, for the Period 2018-2028F
- Historical Data and Forecast of Latin America Gambling Market Revenues, By Product Type, for the Period 2018-2028F
- Historical Data and Forecast of Latin America Gambling Market Revenues, By Channel Type, for the Period 2018-2028F
- Historical Data and Forecast of Latin America Online Gambling Market Revenues, By Type, for the Period 2018-2028F
- Historical Data and Forecast of Latin America Land-Based Gambling Market Revenues, By Type, for the Period 2018-2028F
- Historical Data and Forecast of Latin America Gambling Market Revenues, By Countries, for the Period 2018-2028F
- Market Opportunity Assessment
- Market Drivers and Restraints
- Market Trends
- Porter’s Five Force Model
- Impact Analysis of COVID-19
- Industry Life Cycle
- Latin America Gambling Market Revenue Share, By Companies
- Competitive Benchmarking
- Company Profiles
Key Strategic Recommendations
Market Scope and Segmentation
The report provides a detailed analysis of the following market segments:
By Product Type
- Betting
- Casino
- Lottery
- Others (Bingo, Rummy, etc)
By Channel Type
- Land Based
- Online
By Countries
- Mexico
- Argentina
- Brazil
- Rest of Latin America (including Peru, Chile, Bolivia, Cuba, Costa Rica, etc.)
Table of Contents
1. Executive Summary
2. Introduction
2.1 Report Description
2.2 Key Highlights of the Report
2.3 Market Scope and Segmentation
2.4 Research Methodology
2.5 Assumptions
3. Latin America Gambling Market Overview
3.1 Latin America Gambling Market Revenues, 2018-2028F
3.2 Latin America Gambling Market Industry Life Cycle
3.3 Latin America Gambling Market Porter’s Five Forces Model
3.4 Latin America Gambling Revenue Share, By Countries, 2021 & 2028F
4. Impact Analysis of COVID-19 on Latin America Gambling Market
5. Latin America Gambling Market Dynamics
5.1 Impact Analysis
5.2 Market Drivers
5.3 Market Restraints
6. Latin America Gambling Market Trends & Evolution
7. Mexico Gambling Market Overview
7.1 Mexico Gambling Market Revenues , 2018-2028F
7.2 Mexico Gambling Market Revenue Share, By Product Type, 2021 & 2028F
7.2.1 Mexico Gambling Market Revenues, By Product Type, 2018-2028F
7.2.1.1 Mexico Gambling Market Revenues, By Betting, 2018-2028F
7.2.1.2 Mexico Gambling Market Revenues, By Casino, 2018-2028F
7.2.1.3 Mexico Gambling Market Revenues, By Lottery, 2018-2028F
7.2.1.4 Mexico Gambling Market Revenues, By Others, 2018-2028F
7.3 Mexico Gambling Market Revenue Share, By Channel Type, 2021 & 2028F
7.3.1 Mexico Gambling Market Revenues, By Channel Type, 2018-2028F
7.3.1.1 Mexico Gambling Market Revenues, By Land Based, 2018-2028F
7.3.1.2 Mexico Gambling Market Revenues, By Online, 2018-2028F
7.4 Mexico Land Based Gambling Market Revenue Share, Type, 2021 & 2028F
7.4.1 Mexico Land Based Gambling Market Revenues, By Type, 2018-2028F
7.4.1.1 Mexico Land Based Gambling Market Revenues, By Betting, 2018-2028F
7.4.1.2 Mexico Land Based Gambling Market Revenues, By Casino, 2018-2028F
7.4.1.3 Mexico Land Based Gambling Market Revenues, By Lottery, 2018-2028F
7.4.1.4 Mexico Land Based Gambling Market Revenues, By Others, 2018-2028F
7.5 Mexico Online Gambling Market Revenue Share, By Type, 2021 & 2028
7.5.1 Mexico Online Gambling Market Revenues, By Type, 2018-2028F
7.5.1.1 Mexico Online Gambling Market Revenues, By Betting, 2018-2028F
7.5.1.2 Mexico Online Gambling Market Revenues, By Casino, 2018-2028F
7.5.1.3 Mexico Online Gambling Market Revenues, By Lottery, 2018-2028F
7.5.1.4 Mexico Online Gambling Market Revenues, By Others, 2018-2028F
7.6 Mexico Gambling Market Key Performance Indicators
7.7 Mexico Gambling Market Opportunity Assessment
7.7.1 Mexico Gambling Market Opportunity Assessment, By Product Type, 2028F
7.7.2 Mexico Gambling Market Opportunity Assessment, By Channel Type, 2028F
7.7.3 Mexico Online Gambling Market Opportunity Assessment, By Type, 2028F
7.7.4 Mexico Land Based Gambling Market Opportunity Assessment, By Type, 2028F
8. Argentina Gambling Market Overview
8.1 Argentina Gambling Market Revenues , 2018-2028F
8.2 Argentina Gambling Market Revenue Share, By Product Type, 2021 & 2028F
8.2.1 Argentina Gambling Market Revenues, By Product Type, 2018-2028F
8.2.1.1 Argentina Gambling Market Revenues, By Betting, 2018-2028F
8.2.1.2 Argentina Gambling Market Revenues, By Casino, 2018-2028F
8.2.1.3 Argentina Gambling Market Revenues, By Lottery, 2018-2028F
8.2.1.4 Argentina Gambling Market Revenues, By Others, 2018-2028F
8.3 Argentina Gambling Market Revenue Share, By Channel Type, 2021 & 2028F
8.3.1 Argentina Gambling Market Revenues, By Channel Type, 2018-2028F
8.3.1.1 Argentina Gambling Market Revenues, By Land Based, 2018-2028F
8.3.1.2 Argentina Gambling Market Revenues, By Online, 2018-2028F
8.4 Argentina Land Based Gambling Market Revenue Share, Type, 2021 & 2028F
8.4.1 Argentina Land Based Gambling Market Revenues, By Type, 2018-2028F
8.4.1.1 Argentina Land Based Gambling Market Revenues, By Betting, 2018-2028F
8.4.1.2 Argentina Land Based Gambling Market Revenues, By Casino, 2018-2028F
8.4.1.3 Argentina Land Based Gambling Market Revenues, By Lottery, 2018-2028F
8.4.1.4 Argentina Land Based Gambling Market Revenues, By Others, 2018-2028F
8.5 Argentina Online Gambling Market Revenue Share, By Type, 2021 & 2028F
8.5.1 Argentina Online Gambling Market Revenues, By Type, 2018-2028F
8.5.1.1 Argentina Online Gambling Market Revenues, By Betting, 2018-2028F
8.5.1.2 Argentina Online Gambling Market Revenues, By Casino, 2018-2028F
8.5.1.3 Argentina Online Gambling Market Revenues, By Lottery, 2018-2028F
8.5.1.4 Argentina Online Gambling Market Revenues, By Others, 2018-2028F
8.6 Argentina Gambling Market- Key Performance Indicators
8.7 Argentina Gambling Market Opportunity Assessment
8.7.1 Argentina Gambling Market Opportunity Assessment, By Product Type, 2028F
8.7.2 Argentina Gambling Market Opportunity Assessment, By Channel Type, 2028F
8.7.3 Argentina Online Gambling Market Opportunity Assessment, By Type, 2028F
8.7.4 Argentina Land Based Gambling Market Opportunity Assessment, By Type, 2028F
9. Brazil Gambling Market Overview
9.1 Brazil Gambling Market Revenues , 2021-2028F
9.2 Brazil Gambling Market Revenue Share, By Product Type, 2021 & 2028F
9.2.1 Brazil Gambling Market Revenues, By Product Type, 2018-2028F
9.2.1.1 Brazil Gambling Market Revenues, By Betting, 2018-2028F
9.2.1.2 Brazil Gambling Market Revenues, By Casino, 2018-2028F
9.2.1.3 Brazil Gambling Market Revenues, By Lottery, 2018-2028F
9.2.1.4 Brazil Gambling Market Revenues, By Others, 2018-2028F
9.3 Brazil Gambling Market Revenue Share, By Channel Type, 2021 & 2028F
9.3.1 Brazil Gambling Market Revenues, By Channel Type, 2018-2028F
9.3.1.1 Brazil Gambling Market Revenues, By Land Based, 2018-2028F
9.3.1.2 Brazil Gambling Market Revenues, By Online, 2018-2028F
9.4 Brazil Land Based Gambling Market Revenue Share, Type, 2021 & 2028F
9.4.1 Brazil Land Based Gambling Market Revenues, By Type, 2018-2028F
9.4.1.1 Brazil Land Based Gambling Market Revenues, By Betting, 2018-2028F
9.4.1.2 Brazil Land Based Gambling Market Revenues, By Casino, 2018-2028F
9.4.1.3 Brazil Land Based Gambling Market Revenues, By Lottery, 2018-2028F
9.4.1.4 Brazil Land Based Gambling Market Revenues, By Others, 2018-2028F
9.5 Brazil Online Gambling Market Revenue Share, By Type, 2021 & 2028F
9.5.1 Brazil Online Gambling Market Revenues, By Type, 2018-2028F
9.5.1.1 Brazil Online Gambling Market Revenues, By Betting, 2018-2028F
9.5.1.2 Brazil Online Gambling Market Revenues, By Casino, 2018-2028F
9.5.1.3 Brazil Online Gambling Market Revenues, By Lottery, 2018-2028F
9.5.1.4 Brazil Online Gambling Market Revenues, By Others, 2018-2028F
9.6 Brazil Gambling Market- Key Performance Indicators
9.7 Brazil Gambling Market Opportunity Assessment
9.7.1 Brazil Gambling Market Opportunity Assessment, By Product Type, 2028F
9.7.2 Brazil Gambling Market Opportunity Assessment, By Channel Type, 2028F
9.7.3 Brazil Online Gambling Market Opportunity Assessment, By Type, 2028F
9.7.4 Brazil Land Based Gambling Market Opportunity Assessment, By Type, 2028F
10. Rest of Latin America Gambling Market Overview
10.1 Rest of Latin America Gambling Market Revenues , 2018-2028F
11. Latin America Gambling Market Competitive Landscape
11.1 Latin America Gambling Market Company Ranking, By Companies, 2021
11.2 Latin America Gambling Market Competitive Benchmarking, By Technical Parameters
11.3 Latin America Gambling Market Competitive Benchmarking, By Operating Parameters
12. Company Profiles
12.1 Codere Group
12.2 Winland Group
12.3 Caliente Casino
12.4 Bet365
12.5 Intertops
12.6 1XBet
12.7 Interwetten
12.8 Betway Group
12.9 BetOnline
12.10. Scientific Games Corporations
12.11. Casino De Victoria S.A.
13. Key Strategic Recommendations
14. Disclaimer
List of Figures
1. Latin America Gambling Market Revenues, 2018-2028F ($ Million)
2. Latin America Gambling Market Revenue Share, By Countries, 2021 & 2028F
3. GDP Per Capita of Latin America 2018-2026F (US$)
4. Gross domestic product based on purchasing-power-parity (PPP) Share of the world total,2019-2026F, (%)
5. Purchasing Power Parity of Latin America, 2019-2025F (Local Currency Unit per USD)
6. Latin America Mobile Internet users, 2018-2025F (Million)
7. Latin America Internet Users (Million), 2021
8. Latin America Mobile Internet Penetration Rate, 2018-2025F, (%)
9. Type of Cyber Threats
10. Mexico Gambling Market Revenues, 2018-2028F ($ Million)
11. Mexico Gambling Market Revenue Share, By Product Type, 2021 & 2028F
12. Mexico Gambling Market Revenue Share, By Channel Type, 2021 & 2028F
13. Mexico Online Gambling Market Revenue Share, By Type, 2021 & 2028F
14. Mexico Land Based Gambling Market Revenue Share, By Type, 2021 & 2028F
15. Tourist Arrivals in Mexico Jan 2021 - Nov 2021 (in Thousand)
16. Mexico Gambling Market Opportunity Assessment, By Product Type, 2028F
17. Mexico Gambling Market Opportunity Assessment, By Channel Type, 2028F
18. Mexico Online Gambling Market Opportunity Assessment, By Type, 2028F
19. Mexico Land Based Gambling Market Opportunity Assessment, By Type, 2028F
20. Argentina Gambling Market Revenues, 2018-2028F ($ Million)
21. Argentina Gambling Market Revenue Share, By Product Type, 2021 & 2028F
22. Argentina Gambling Market Revenue Share, By Channel Type, 2021 & 2028F
23. Argentina Online Gambling Market Revenue Share, By Type, 2021 & 2028F
24. Argentina Land Based Gambling Market Revenue Share, By Type, 2021 & 2028F
25. International Tourism Market Share, 2021, (%)
26. Argentina Tourist Arrival, Aug 2020 - Jan 2021, (Number of Tourist)
27. Argentina Gambling Market Opportunity Assessment, By Product Type, 2028F
28. Argentina Gambling Market Opportunity Assessment, By Channel Type, 2028F
29. Argentina Online Gambling Market Opportunity Assessment, By Type, 2028F
30. Argentina Land Based Gambling Market Opportunity Assessment, By Type, 2028F
31. Brazil Gambling Market Revenues, 2018-2028F ($ Million)
32. Brazil Gambling Market Revenue Share, By Product Type, 2021 & 2028F
33. Brazil Gambling Market Revenue Share, By Channel Type, 2021 & 2028F
34. Brazil Online Gambling Market Revenue Share, By Type, 2021 & 2028F
35. Brazil Land Based Gambling Market Revenue Share, By Type, 2021 & 2028F
36. Brazil Tourism Revenue Jul 2020 - March 2021 (in Million USD)
37. Brazil Gambling Market Opportunity Assessment, By Product Type, 2028F
38. Brazil Gambling Market Opportunity Assessment, By Channel Type, 2028F
39. Brazil Online Gambling Market Opportunity Assessment, By Type, 2028F
40. Brazil Land Based Gambling Market Opportunity Assessment, By Type, 2028F
41. Rest of Latin America Gambling Market Revenues, 2018-2028F ($ Million)
42. Mexico Gambling Market Revenue Ranking, By Companies, 2021
43. Argentina Gambling Market Revenue Ranking, By Companies, 2021
44. Brazil Gambling Market Revenue Ranking, By Companies, 2021
List of Tables
1. Mexico Gambling Market Revenues, By Product Type, 2018-2028F ($ Million)
2. Mexico Gambling Market Revenues, By Channel Type, 2018-2028F ($ Million)
3. Mexico Online Gambling Market Revenues, By Type, 2018-2028F ($ Million)
4. Mexico Land Based Gambling Market Revenues, By Type, 2018-2028F ($ Million)
5. Argentina Gambling Market Revenues, By Product Type, 2018-2028F ($ Million)
6. Argentina Gambling Market Revenues, By Channel Type, 2018-2028F ($ Million)
7. Argentina Online Gambling Market Revenues, By Type, 2018-2028F ($ Million)
8. Mexico Land Based Gambling Market Revenues, By Type, 2018-2028F ($ Million)
9. Brazil Gambling Market Revenues, By Product Type, 2018-2028F ($ Million)
10. Brazil Gambling Market Revenues, By Channel Type, 2018-2028F ($ Million)
11. Brazil Online Gambling Market Revenues, By Type, 2018-2028F ($ Million)
12. Mexico Land Based Gambling Market Revenues, By Type, 2018-2028F ($ Million)
Samples
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Companies Mentioned
- 1XBet
- Bet365
- BetOnline
- Betway Group
- Caliente Casino
- Casino De Victoria S.A.
- Codere Group
- Intertops
- Interwetten
- Scientific Games Corporations
- Winland Group
