Latin America’s regulated online gambling market is set to grow more than five-fold over the next few years to reach $12.3bn in 2028 versus $2.5bn in 2024, finds a report by Vixio, a leading provider of regulatory intelligence and market analysis.
The forecasts are featured in Vixio’s newly published Latin America Online Gambling Outlook report, which offers an in-depth overview and analysis of the online gambling markets across Latin America, highlighting key developments and trends shaping the industry.
The report includes a detailed update on the regulatory status of major countries in the region, providing stakeholders with essential insights into the evolving landscape of online gambling. Vixio’s proprietary forecasts for regulated markets across the continent from 2024 to 2028 are also featured, offering valuable projections for investors and operators looking to navigate this dynamic market.
In addition to regulatory updates and forecasts, the report delves into pending legislation and policy trends in key markets, including Brazil, Argentina, and Peru. These insights are crucial for understanding the potential opportunities and challenges that may arise as countries in the region continue to adapt their gambling regulations.
Mult-Billion Dollar Brazilian Market to Go Live in 3 Weeks
With Brazil accounting for over half of the Latin American online gambling market, it will be a critical jurisdiction to watch. Brazil’s regulated market for online gaming and sports betting is scheduled to launch on January 1, 2025. With one month to go before launch, Vixio has created a guide with the critical intelligence on the new market.
As the online gambling sector in Latin America continues to grow, Vixio remains committed to providing accurate and timely information to help industry professionals make informed decisions. The Latin America Online Gambling Outlook November 2024 report is an essential resource for anyone looking to stay ahead in this rapidly changing environment.
The post Vixio Forecasts the Latin American Online Gambling Market to be Worth 12.3bn by 2028 appeared first on European Gaming Industry News.
