Mexico Online Gambling Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Market Size (2024) | USD 0.83 Billion |
| Market Size (2029) | USD 1.7 Billion |
| CAGR (2024 - 2029) | 15.36 % |
| Market Concentration | Medium |
Major Players.webp){kind=logo}
*Disclaimer: Major Players sorted in no particular order |
Mexico Online Gambling Market Analysis
The Mexico Online Gambling Market size is estimated at USD 0.83 billion in 2024, and is expected to reach USD 1.7 billion by 2029, at a CAGR of 15.36% during the forecast period (2024-2029).
The Mexican online gambling landscape is diverse, featuring online casinos, sports betting, poker, and various other gaming forms. This wide array caters to a broad audience, drawing in an ever-increasing number of participants. Mexico is revising its gambling laws to better regulate the online sector, seeking consistency with the broader gambling industry. Despite recent laws for both physical and online gambling, the market still holds substantial growth potential. The surge in online gambling is largely due to the widespread use of smartphones and tablets, enabling users to place bets almost anytime and anywhere. In a strategic move, key industry players are heavily investing in the Mexican market, offering attractive features and personalized experiences to secure a competitive edge. For instance, in January 2023, Coolbet, the online sports betting brand of GAN, marked its debut in Mexico, its 10th country of operations. Partnering with a locally licensed entity, Coolbet successfully launched its platform in the regulated Mexican market. The operator promises Mexican users a unique experience, boasting premier products, local customer service, competitive odds, and a customized sports betting menu. Technological innovations like augmented reality (AR) and virtual reality (VR) are being woven into online gaming to enhance player engagement. Therefore, prominent players in the Mexican gambling arena are continually adapting their offerings to meet growing demand and expand their geographical footprint.
Mexico Online Gambling Market Trends
Sports Betting Is The Preferred Game Type Amongst The Majority
In Mexico, online sports betting is surging in popularity, fueled by a deep-seated passion for sports and easy access to betting platforms. Mexicans follow sports like soccer, tennis, basketball, boxing, and Formula 1, engaging in both local and international tournaments. This enthusiasm not only amplifies their viewing experience but also intensifies their participation in sports betting. Major domestic and international sporting events are witnessing a notable uptick in betting activity. The trajectory of sports betting in Mexico is closely intertwined with its evolving legal landscape. To foster a more structured and secure betting environment, the Mexican government has been proactive in regulating and modernizing the sector. Recent reforms, focusing on tighter regulations and enhanced transparency, boost bettor confidence and attract esteemed international operators. As online sports betting gains traction in Mexico, a multitude of betting platforms are emerging, each offering enticing promotions to fuel market expansion. For instance, in April 2024, Playtech, in partnership with its long-time collaborator bet365, unveiled a bespoke live game show named Super Mega Ultra. This innovative game, accessible to bet365 players across various regions including Mexico, boasts a distinctive three-tier base system on dual wheels. Observably, players are keen on penetrating the Mexican market through strategic partnerships, aiming to expand their services with attractive features to solidify their presence and growth.
Smartphones Are Largely Preferred For Placing Bets Online
Mobile gambling allows players to engage anytime and anywhere. A primary advantage of mobile platforms is their ability to draw in casual gamers. Due to swift technological advancements in mobile devices, gambling has evolved into a more immersive experience. A notable trend bolstering the growth is the rising acceptance of cash alternatives, or virtual currencies, by vendors. As smartphone and tablet usage surges, so does internet access in Mexico. For instance, the National Institute of Statistics and Geography reported that in 2023, 97.1% of Mexican internet users went online via smartphones. This surge prompted players to target these devices, aiming for a broader audience. Furthermore, methods like voice-activated instructions and virtual assistants are enhancing the betting experience on mobile apps. For instance, in June 2024, Codere Online, a top gaming operator in Spain and Latin America, teamed up with Blip, an AI-driven conversational platform. Together, they rolled out a conversational chatbot on a major communications platform, crafted by Blip. Such forward-thinking initiatives from industry players are poised to bolster market growth in the coming years. Given the surging demand for betting in Mexico, these players are amplifying the mobile betting experience through game additions, interface enhancements, expansions, and strategic partnerships.
Mexico Online Gambling Industry Overview
The Mexico Online Gambling market is competitive, with a multitude of players providing diverse products and employing innovative marketing strategies. Leading companies are expanding their service portfolios, often through strategic partnerships. By integrating a wide array of casino and sports gambling options, these companies aim to draw in a larger customer base. Notably, prominent brands are diversifying their offerings, tailoring them to resonate with the entertainment preferences of regional customers. Some notable industry players include Caliente, Codere, Bet365, Logrand Entertainment Group, and Super Group (SGHC) Limited.
Mexico Online Gambling Market Leaders
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Caliente
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Codere
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Bet365
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Logrand Entertainment Group
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Super Group (SGHC) Limited
*Disclaimer: Major Players sorted in no particular order
Mexico Online Gambling Market News
- October 2024: Novibet, in collaboration with OBBSworks, introduced its iGaming casino games on the Novibet platform, extending its reach across North America, including Mexico.
- July 2024: Novibet Partnered with 7777gaming company to feature its casino games across Mexico, Canada, Brazil, Chile, Ecuador, and Ireland. iLottery, Jackpot, and other casinos were among the major types of casinos available in the market.
- April 2024: In a collaboration with its long-time operator partner bet365, Playtech unveiled a bespoke live game show named Super Mega Ultra. This new live game show is accessible to bet365 players in various regions, such as the UK, Mexico, and Ontario. The game boasts an innovative three-tier base system across two wheels, presenting three payout levels: Super, Mega, and Ultra. Each round is designed with maximum multipliers: ×300 for Super, ×500 for Mega, and an impressive ×2500 for Ultra.
Mexico Online Gambling Market Report - Table of Contents
1. INTRODUCTION
1.1 Study Assumptions and Market Definition
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1 Market Drivers
4.1.1 Rising Consumer Interest in Sports and Betting
4.1.2 Increased Internet Penetration and Smartphones
4.2 Market Restraints
4.2.1 Cybersecurity Concerns
4.3 Porter's Five Forces Analysis
4.3.1 Threat of New Entrants
4.3.2 Bargaining Power of Buyers/Consumers
4.3.3 Bargaining Power of Suppliers
4.3.4 Threat of Substitute Products
4.3.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION
5.1 Game Type
5.1.1 Sports Betting
5.1.2 Casino
5.1.3 Other Game Types
5.2 Platform
5.2.1 Desktop
5.2.2 Mobile
6. COMPETITIVE LANDSCAPE
6.1 Strategies Adopted By Leading Players
6.2 Brand Share Analysis
6.3 Company Profiles
6.3.1 Logrand Entertainment Group
6.3.2 Novibet USA Inc
6.3.3 Bet365 Group Ltd
6.3.4 Bet Mexico
6.3.5 Codere Online Luxembourg
6.3.6 Playdoit (Atracciones America SA de CV)
6.3.7 Playuzu
6.3.8 Rush Street Interactive Inc.
6.3.9 Winnermx
6.3.10 TV Global Enterprises Limited
- *List Not Exhaustive
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
Mexico Online Gambling Industry Segmentation
Online gambling involves placing bets or wagers on games and events through the Internet.
The Mexico online gambling market is segmented into by game type into sports betting, casino, and other game types. By platform, the market is segmented into desktop and mobile.
The report offers the market size in value terms in USD for all the abovementioned segments.
| Game Type | |
| Sports Betting | |
| Casino | |
| Other Game Types |
| Platform | |
| Desktop | |
| Mobile |
Mexico Online Gambling Market Research FAQs
How big is the Mexico Online Gambling Market?
The Mexico Online Gambling Market size is expected to reach USD 0.83 billion in 2024 and grow at a CAGR of 15.36% to reach USD 1.7 billion by 2029.
What is the current Mexico Online Gambling Market size?
In 2024, the Mexico Online Gambling Market size is expected to reach USD 0.83 billion.
Who are the key players in Mexico Online Gambling Market?
Caliente, Codere, Bet365, Logrand Entertainment Group and Super Group (SGHC) Limited are the major companies operating in the Mexico Online Gambling Market.
What years does this Mexico Online Gambling Market cover, and what was the market size in 2023?
In 2023, the Mexico Online Gambling Market size was estimated at USD 0.70 billion. The report covers the Mexico Online Gambling Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Mexico Online Gambling Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Mexico Online Gambling Industry Report
Statistics for the 2024 Mexico Online Gambling market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Mexico Online Gambling analysis includes a market forecast outlook for 2024 to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
