Outlook | October 25, 2023 | GC Editorial, Research & Data
This report is part of Vixio GamblingCompliance’s Outlook series, which provides subscribers with forward-looking insights, data analysis and consolidated research on key segments of the global gambling industry. This edition provides an overview and analysis of online gambling markets across Latin America. It includes an update on the regulatory status of major countries in the region, Vixio’s proprietary forecasts for regulated markets across the continent from 2023-27, and insight into pending legislation and policy trends in key markets, including Brazil, Mexico and Peru.
2.84bn: The projected size in U.S. dollars of a regulated, but restrictive, online betting and casino market in Brazil in its third full year of operations, according to Vixio’s Latin American Online Data Dashboard.
This outlook report includes:
- A detailed look at Brazil, its current status, bills of note, and projections for the future.
- The latest policy points from around the region, including the challenges of Chilean regulation and the threat to the Mexican online gambling market.
- Data analysis and market forecasts for across LatAm, including iGaming in Brazil.
Overall, Vixio forecasts Latin America’s regulated online gambling market to grow to an estimated US$6.75bn in gross revenue in 2027, a more than fourfold increase from an anticipated $1.51bn in regulated revenue this year. Assuming a launch of both online sports betting and online casino in 2024, Brazil would account for approximately
45 percent of the total regulated LatAm online market by 2027, with Brazil, Mexico and Colombia combined accounting for almost 80 percent.