Driven by the recent growth in Brazil, the regulated online gambling sector in Latin America is expected to expand more than fivefold, reaching US$ 12.3 billion by 2028. This forecast is from the 'LatAm Online Gambling Outlook' report by Vixio, a leading company in regulatory intelligence and data analysis. The study provides an updated view on the regulatory status in the main countries of the region, with a special focus on Brazil, which will be responsible for more than half of the iGaming industry in Latin America.
The forecasts are presented in the newly published Vixio report ‘Latin America Online Gambling Outlook’, which offers an overview and in-depth analysis of the online gambling markets in Latin America, highlighting the main developments and trends shaping the sector.
The report includes a detailed update on the regulatory status of the main 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 presented, offering valuable projections for investors and operators looking to navigate this dynamic market.
In addition to regulatory updates and forecasts, the report investigates pending legislation and political 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.
Main Statistics:
* 50%+ - The share of the Latin American market that Brazil is expected to account for.
* 114 - The number of companies that have applied for a federal license in Brazil before the deadline of August 20, 2024.
* 5 - The number of legal challenges pending in the Supreme Federal Court of Brazil related to online betting legislation.
* 63 - The number of operators that have received licenses to offer sports betting and/or online gaming during an eight-month licensing process.
The Brazilian multibillion-dollar market will go into operation in 3 weeks
With Brazil accounting for more than half of the online gambling market in Latin America, it will be a critical jurisdiction to watch. The regulated Brazilian market for online gaming and sports betting is scheduled to launch on January 1, 2025.
With one month to go before the launch, Vixio has created a guide with critical intelligence about the new market, available at https://www.vixio.com/research/brazil-online-gambling-playbook-2025.
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 November 2024 Latin America Online Gambling Outlook report is an essential resource for anyone looking to stay ahead in this rapidly changing environment.
To learn more about how to simplify compliance management with Vixio's award-winning regulatory intelligence solutions, visit vixio.com.
This report is part of the Outlook series from Vixio GamblingCompliance, which provides subscribers with forward-looking insights, data analysis, and consolidated research on key segments of the global gambling industry.
Vixio
Vixio is a regulatory technology (RegTech) provider for the constantly evolving payment and gambling industries. Vixio equips the world's leading brands with actionable regulatory intelligence across more than 180 jurisdictions worldwide.
Combining award-winning technology with unparalleled expertise, Vixio's GamblingCompliance and PaymentsCompliance platforms help organizations make strategic decisions, uncover new markets, and minimize compliance risk, eliminating the heavy lifting of regulatory monitoring.
Source: GMB
