Mexico has recently seen a shift from domestic gambling to online gambling, with reports indicating that this shift will continue to grow, expand, and ultimately significantly increase Mexico's iGaming market revenue.
Impacted by the pandemic, the domestic gambling market in Mexico has declined, consistent with the global market downturn.
However, as the Mexican public's inclination towards online gaming strengthens and purchasing power increases, iGaming is quickly becoming one of the hottest gambling verticals in the country, as people can easily access games via mobile or desktop devices.
With the continuous improvement of secure digital payments, cost-effective applications, and internet penetration, companies like Altenar have achieved unprecedented success in their operations in Mexico.
Let's take a look at some of the data inferred in the market report to understand the world of sports betting in Mexico.
Mexican Sports Betting Regulation is Paramount
One of the reasons for the sustainable development and harmonious ecosystem of the Mexican sports betting market is the strict adherence to the country's regulations.
Without game rules, the game cannot be fun.
The report finds that the highest revenue-generating type of gambling in the region is sports betting, and with the world becoming more technologically savvy, it is not surprising that iGaming brings the highest revenue to regions like Mexico.
The following image, based on survey results, infers that the revenue from sports betting is significantly higher than that from casinos (25%), poker (5%), and bingo games (8%).
From this data, it is clear that the planners behind iGaming operations all hope to establish businesses in Mexico that will capture the aforementioned market shares; Mexico's iGaming market is on the rise.
