Slotegrator, a leading supplier of igaming tools and business solutions, has released a recent study on Latin America’s rapidly growing sports betting and gaming industries, as well as their underlying growth potential.
The firm stated: “While all eyes are on Brazil in anticipation of the country’s planned rollout of its new sports betting regulations – expected to come into effect in mid-2021 – the broader Latin America region offers multiple other opportunities for new online casinos or established brands looking to expand.
Plans to liberalize legislation
“Mexico, Brazil, Colombia, and Argentina all have sizable populations with a passion for betting. Brazil is one of a number of countries across the region that have plans to liberalize their legislation and begin issuing licenses.”
Overall, sales are growing at a “astonishing pace,” according to Slotegrator. The firm said: “Online casino gaming and sports betting is estimated to generate $450m in revenues in Mexico, and the overall value of the Brazilian sports betting market is anticipated to reach $1bn within the first five years of the market’s opening.”
Access to online casino gambling and sports betting
The company also celebrated the gradual growth of smartphone and internet penetration, which has provided people in a variety of countries with well-documented betting cultures access to online casino gambling and sports betting.
The full article, which provides a comprehensive, country-by-country look at one of the world’s most exciting emerging markets, can be found in the Academy section of Slotegrator’s website.
At this week’s SBC Digital Latinoamérica 2021 conference and show, a number of leading business leaders will discuss the LatAm market in general. An audience of regional and global operators, policymakers, media, and vendors will converge to share ideas, communicate, and talk business during the online event on March 2-3, 2021, which will feature content in Spanish, Portuguese, and English.
Visit the official SBC Digital Latinoamérica website for more information about the case and to register for free.