Latin America Online Gambling Market Size & Outlook
The online gambling market in Latin America is expected to reach a projected revenue of US$ 16,230.3 million by 2033. A compound annual growth rate of 10.7% is expected of Latin America online gambling market from 2026 to 2033.
Revenue, 2025 (US$M)
$7,240.0
Forecast, 2033 (US$M)
$16,230.3
CAGR, 2026 - 2033
10.7%
Report Coverage
Latin America
Related Markets
Latin America online gambling market highlights
- The Latin America online gambling market generated a revenue of USD 7,240.0 million in 2025.
- The market is expected to grow at a CAGR of 10.7% from 2026 to 2033.
- In terms of segment, sports betting was the largest revenue generating type in 2025.
- Sports Betting is the most lucrative type segment registering the fastest growth during the forecast period.
- Country-wise, Brazil is expected to register the highest CAGR from 2026 to 2033.
Latin America data book summary
| Market revenue in 2025 | USD 7,240.0 million |
| Market revenue in 2033 | USD 16,230.3 million |
| Growth rate | 10.7% (CAGR from 2026 to 2033) |
| Largest segment | Sports betting |
| Fastest growing segment | Sports Betting |
| Historical data covered | 2021 - 2024 |
| Base year for estimation | 2025 |
| Forecast period covered | 2026 - 2033 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Poker, Sports Betting, Casinos, Bingo |
| Key market players worldwide | Evoke Pharma Inc, Betsson AB Class B, Entain PLC, Flutter Entertainment PLC, Churchill Downs Inc, Kindred Group PLC SEDR, Sportech PLC, Bally’s Corporation, Bet365, The Stars Group, Sky Betting and Gaming, Ladbrokes Coral Group plc, Churchill Downs Incorporated, FireKeepers Casino |
Other key industry trends
- In terms of revenue, Latin America region accounted for 8.3% of the global online gambling market in 2025.
- Globally, Europe is projected to lead the regional market in terms of revenue in 2033.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 56,719.2 million by 2033.
Sports betting was the largest segment with a revenue share of 55.76% in 2025. Horizon Databook has segmented the Latin America online gambling market based on poker, sports betting, casinos, bingo covering the revenue growth of each sub-segment from 2021 to 2033.
The Latin American online gambling market has seen significant growth as more people in the region gain internet and smartphone technology access.
Several countries in the region have legalized and regulated specific forms of online gambling, creating a more stable business environment for operators and opening up new growth opportunities.
Sports betting has become increasingly popular in many Latin American countries, and online betting platforms are emerging as a major growth area within the online gambling industry.
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Online Gambling Market Scope
Online gambling market segmentation & scope
Online Gambling Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Churchill Downs Incorporated | View profile | 5001-10000 | Louisville, Kentucky, United States, North America | http://www.churchilldownsincorporated.com |
| The Stars Group | View profile | 1001-5000 | London, England, United Kingdom, Europe | http://www.starsgroup.com |
| Sky Betting and Gaming | View profile | 1001-5000 | Leeds, Leeds, United Kingdom, Europe | https://www.skybet.com/ |
| Ladbrokes Coral Group plc | View profile | 10001+ | Harrow On The Hill, Harrow, United Kingdom, Europe | https://www.ladbrokescoralplc.com |
| FireKeepers Casino | View profile | 251-500 | Battle Creek, Michigan, United States, North America | https://firekeeperscasino.com/ |
| Bet365 | View profile | 5001-10000 | Stoke-on-trent, Stoke-on-Trent, United Kingdom, Europe | http://www.bet365.com |
| Bally’s Corporation | View profile | 10001+ | Providence, Rhode Island, United States, North America | https://www.ballys.com/home/default.aspx |
| Sportech PLC | View profile | 154 | Collins House, Rutland Square, Midlothian, Edinburgh, United Kingdom, EH1 2AA | https://www.sportechplc.com |
| Churchill Downs Inc | View profile | 7970 | 600 North Hurstbourne Parkway, Suite 400, Louisville, KY, United States, 40222 | https://www.churchilldownsincorporated.com |
| Entain PLC | View profile | 29582 | 25 Charterhouse Square, London, United Kingdom, EC1M 6AE | https://www.entaingroup.com |
| Betsson AB Class B | View profile | 2210 | Regeringsgatan 28, Stockholm, Sweden, 111 53 | https://www.betssonab.com |
| Flutter Entertainment PLC | View profile | 23009 | Beech Hill Road, Belfield Office Park, Clonskeagh, Dublin, Ireland, 4 | https://www.flutter.com |
| Evoke Pharma Inc | View profile | 4 | 420 Stevens Avenue, Suite 230, Solana Beach, CA, United States, 92075 | https://www.evokepharma.com |
| Kindred Group PLC SEDR | View profile | 2352 | C/o Camilleri Presiosi, South Street, Level 2, Valletta Buildings, Valletta, Malta, VLT 1103 | https://www.kindredgroup.com |
Latin America online gambling market size, by country, 2021-2033 (US$M)
Latin America Online Gambling Market Outlook Share, 2025 & 2033 (US$M)
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