In a groundbreaking move, iGB is proud to present its first comprehensive report on the fast-evolving gambling industry in Latin America, poised to be a defining opportunity of the decade for global and regional players. With the region becoming a beacon for the gambling sector, our meticulously compiled research provides unparalleled insights into the markets setting the stage for significant economic impact.
Latin America, a diverse expanse home to over 650 million people, is on the cusp of a transformation with its gambling market forecasted to soar to a staggering $30 billion in annual revenue by the year 2028. The rich tapestry of cultures and economies presents a varied landscape for operators and stakeholders, as each country treads its path toward regulation and growth.
The symbolic turning of the page occurred in December 2023 when Brazil, after a protracted and occasionally tumultuous legislative journey, finally regulated its gambling sector with the enactment of Bill 3,626/2023. This momentous event signals the launch of one of the most eagerly awaited markets. The Brazilian legislature’s more than a decade-long deliberation is set to bear fruit, opening the gates to an array of opportunities.
While Brazil may be at the forefront of the LatAm gambling conversation, there’s a rich tapestry of developments across the region covered in this comprehensive iGB report. Established regulated markets, such as Mexico and Colombia, are explored with an analytical lens, revealing the intricacies and potential of these already thriving gambling environments.
Moving beyond the familiar, the report delves into the complex regulatory landscape of Argentina, bringing readers closer to understanding the local market’s unique challenges and prospects. Additionally, the burgeoning markets of Peru and Chile are highlighted as rising stars in the region. Peru, in particular, is touted as a formidable dark horse in the gambling arena. With an existing robust regulatory framework and a growing repute, it’s quickly advancing in the race, recently receiving a striking influx of 145 licence applications within a mere 30-day span, signaling industry enthusiasm and confidence.
Our LatAm report, forged in partnership with Sportingtech, stands as a testament to iGB’s commitment to equip the industry with foundational knowledge and forward-looking analysis. In collaboration with esteemed analysts from H2 Gambling Capital, this inaugural report intertwines robust data and expert forecasts, offering stakeholders a vision of what the horizon holds for these dynamic markets.
This is but the first chapter in our ongoing narrative, which seeks to document the transformative wave sweeping across Latin America’s gambling landscape. We are dedicated to revisiting, revising, and expanding our insights as the region continues to evolve and unlock its vast potential.
Access to the iGB LatAm report is streamlined for convenience; it’s a simple matter of providing your details to dive into the rich content curated for our readers. We invite you to absorb the knowledge, analyze the data, and appreciate the nuances of this multifaceted region.
As this decade unfolds, the Latin American gambling market stands as a testament to the region’s promise and possibilities. May this iGB report serve as a beacon for those who seek to navigate these emerging waters and harness the opportunities that lie within one of the world’s most vibrant regions.
