Vixio Forecasts the Latin American Online Gambling Market to be Worth 12.3bn by 2028

Vixio Forecasts the Latin American Online Gambling Market to be Worth 12.3bn by 2028 

Key Stats:

• 50%+ - The portion of the Latin American market that Brazil is forecast to be worth

• 114 - The number of companies that applied for a federal licence in Brazil prior to the Aug. 20, 2024 deadline.

• 5 - The number of legal challenges pending in Brazil’s Federal Supreme Court related to online betting legislation. 

• 63 - The number of operators that received licences to offer sports betting and/or online gaming during an eight-month licensing process. 

LONDON, 11 December 2024—Latin America's regulated online gambling market is set to grow more than five-fold over the next few years to reach $12.3bn in 2028 versus $2.5bn in 2024, finds a report by Vixio, a leading provider of regulatory intelligence and market analysis.

The forecasts are featured in Vixio's newly published Latin America Online Gambling Outlook report, which offers an in-depth overview and analysis of the online gambling markets across Latin America, highlighting key developments and trends shaping the industry.

The report includes a detailed update on the regulatory status of major countries in the region, providing stakeholders with essential insights into the evolving landscape of online gambling. Vixio’s proprietary forecasts for regulated markets across the continent from 2024 to 2028 are also featured, offering valuable projections for investors and operators looking to navigate this dynamic market.

In addition to regulatory updates and forecasts, the report delves into pending legislation and policy trends in key markets, including Brazil, Argentina, and Peru. These insights are crucial for understanding the potential opportunities and challenges that may arise as countries in the region continue to adapt their gambling regulations.

Mult-Billion Dollar Brazilian Market to Go Live in 3 Weeks

With Brazil accounting for over half of the Latin American online gambling market, it will be a critical jurisdiction to watch. Brazil’s regulated market for online gaming and sports betting is scheduled to launch on January 1, 2025. With one month to go before launch, Vixio has created a guide with the critical intelligence on the new market, available at https://www.vixio.com/research/brazil-online-gambling-playbook-2025. 

As the online gambling sector in Latin America continues to grow, Vixio remains committed to providing accurate and timely information to help industry professionals make informed decisions. The Latin America Online Gambling Outlook November 2024 report is an essential resource for anyone looking to stay ahead in this rapidly changing environment.

To learn more about simplifying compliance management with Vixio’s award-winning regulatory intelligence solutions, visit vixio.com.

This report is part of Vixio GamblingCompliance’s Outlook series, which provides subscribers with  forward-looking insights, data analysis and consolidated research on key segments of the global gambling industry.

About Vixio
Vixio is a regulatory technology (RegTech) provider for the ever-evolving payments and gambling industries. Vixio equips the world’s leading brands with actionable regulatory intelligence in 180+ jurisdictions worldwide. Combining award-winning technology with unparalleled expertise, Vixio’s GamblingCompliance and PaymentsCompliance platforms assist organisations in making strategic decisions, discovering new markets, and minimising compliance risk by taking the heavy lift out of regulatory monitoring. For more information, visit www.vixio.com or follow @VixioRegulatoryIntelligence on LinkedIn and X.