Forecast: Online Gambling Market in Latin America to Grow Fivefold by 2028
Kate Marshal
12 December 2024
Comment 0
The online gambling market in Latin America is projected to increase by nearly five times by the year 2028, as reported by European Gaming based on findings from the Vixio analytical platform.
In 2024, the Latin American online gaming market size is estimated at $2.5 billion, with expectations for this figure to rise to $12.3 billion by 2028.
Brazil, Argentina, and Peru are identified as key gambling jurisdictions in the region. Brazil is set to account for over half of the total regional online gambling market, with the official launch of regulated betting markets starting on January 1, 2025. Vixio highlights Brazil’s significant influence on the gambling landscape in Latin America.
Other countries in the continent are also attracting interest from major international gambling companies. In 2024, Bet365 and Stake brands were announced to enter the regulated gambling market in Peru, with Stake expanding its presence in the region by establishing a new hub in Bogotá, Colombia, as part of its growth strategy.
Best Bonuses
BitStarz Bonus Code – Welcome Bonus
Активен до: 22.12.2026
BitStarz offers a welcome bonus: up to $500 or 5 BTC, plus extra rewards after your first deposit.
Best Linebet Promo Code for New Users: 2 Welcome Bonuses
Активен до: 22.12.2026
Up to 1766 USD + 150 free spins for casino or a 100% sports bonus up to 117.89 USD on the first deposit.
Working 888starz.bet Promo Code – Sports & Casino Bonus
Активен до: 22.12.2027
Promo code unlocks the full welcome package, including up to €1500 + 150 Free Spins in the casino and up to €400 in sport.
Working Pinco Promo Code 2026 – Elite Welcome Rewards
Активен до: 22.12.2026
New players at Pinco can claim a 160% casino bonus on their first deposit by registering with the promo code GPARK.
Official Fonbet Promo Code 2026 for €3,000
Активен до: 22.12.2026
Choose a multi-stage casino bonus and get up to €3,000 and 225 free spins across your first five deposits.
Bonus Promo code PIN-UP — Special Promo
Активен до: 22.12.2026
Profitable bonus with using our promo code up to €5,000
