Latin America Online Gambling Market Size & Outlook
Latin America online gambling market, 2018-2030 (US$M)
Related Markets
Latin America online gambling market highlights
- The Latin America online gambling market generated a revenue of USD 6,733.6 million in 2023.
- The market is expected to grow at a CAGR of 10.4% from 2024 to 2030.
- In terms of segment, sports betting was the largest revenue generating type in 2023.
- Sports Betting is the most lucrative type segment registering the fastest growth during the forecast period.
- Country-wise, Brazil is expected to register the highest CAGR from 2024 to 2030.
Latin America data book summary
| Market revenue in 2023 | USD 6,733.6 million |
| Market revenue in 2030 | USD 13,478.5 million |
| Growth rate | 10.4% (CAGR from 2023 to 2030) |
| Largest segment | Sports betting |
| Fastest growing segment | Sports Betting |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Sports Betting, Casinos, Poker, Bingo |
| Key market players worldwide | Evoke Pharma Inc, Betsson AB Class B, Entain PLC, Flutter Entertainment PLC, Churchill Downs Inc, Kindred Group PLC SEDR, Sportech PLC |
Other key industry trends
- In terms of revenue, Latin America region accounted for 9.5% of the global online gambling market in 2023.
- Globally, Europe is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 39,079.8 million by 2030.
Sports betting was the largest segment with a revenue share of 49.47% in 2023. Horizon Databook has segmented the Latin America online gambling market based on sports betting, casinos, poker, bingo covering the revenue growth of each sub-segment from 2018 to 2030.
The Latin American online gambling market has seen significant growth as more people in the region gain internet and smartphone technology access.
Several countries in the region have legalized and regulated specific forms of online gambling, creating a more stable business environment for operators and opening up new growth opportunities.
Sports betting has become increasingly popular in many Latin American countries, and online betting platforms are emerging as a major growth area within the online gambling industry.
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Online Gambling Market Scope
Online Gambling Market Companies
| Name | Profile | # Employees | HQ | Website |
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Latin America online gambling market size, by country, 2018-2030 (US$M)
Latin America Online Gambling Market Outlook Share, 2023 & 2030 (US$M)
Related regional statistics
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