Latin America: the land of sleeping giants
Slotegrator takes a closer look at Latin America, one of the world’s most exciting emerging markets for online casinos and sportsbooks.
Press release.- 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, says Slotegrator.
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, revenues are rising at an astonishing pace. Online casino gaming and sports betting is estimated to generate US$450 million in revenues in Mexico, and the overall value of the Brazilian sports betting market is anticipated to reach $1 billion within the first five years of the market’s opening.
The steady increase of mobile and internet penetration is spreading access to online casino gaming and sports betting throughout the populace of a number of different nations with well-documented cultural passions for betting.
Read the full article in the Academy section of Slotegrator’s website to get a detailed, country-by-country look at one of the world’s most promising emerging markets.
