The Latin American iGaming market attracts many operators every year. Launching a web entertainment project in the area will allow entrepreneurs to captivate a large audience and increase profits. Slotegrator's experts have researched the regulatory landscape in the region, and Casino Market shares some critical notes.
Market Overview
As more states in Latin America embrace sports bidding regulation, the potential of iGaming in the area is reaching unprecedented heights.
Many nations are legalising wagering activities, but the following countries are the most perspective for operators:
- Brazil. It is one of the global leaders in the sports bidding market. In the state, temporary measures have been set for the entertainment industry — a 16% tax on GGR and a 30% tariff on player winnings up to 395 euros. Laws on sportsbooks are expected to be legalised later.
- Uruguay. Bookmaker sponsorship is the most profitable marketing tool in the country. The development of the betting segment and cooperation with sports leagues is supported by The Uruguayan Football Association (AUF). However, there are certain obstacles, such as a new proposed bill, highly criticised by wagering experts.
- Mexico. The local authorities are currently reviewing the licences of existing establishments for greater control over the niche. The iGaming sector expects a considerable expansion in the next 3 years. It is related to the global event held in Mexico — the 2026 FIFA World Cup.
- Peru. The country is forecasting an update of the legal framework. Authorities such as the Economic Commission, the Central Bank, and Congress have approved legislation to improve the sphere and levies. The process will be completed by next year.
- Colombia. It is the only state in the region with a complete legal framework for casino games on the Internet. These provisions bind entrepreneurs to combat unlawful gambling and identify risky behaviour among players.
You can launch a web wagering project in Latin America with the help of Casino Market. Our specialists propose high-quality gaming software from top providers. Contact our manager to get an exclusive business offer.
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