iGaming Sphere in Latin America: Regulatory Shifts and Their Impact

Main Regulatory Models: Brief Overview

Latin America is a key driver of global gambling sphere development. A growing number of countries in the region are updating their national laws and adopting regulatory models that encompass all RMG segments.

At present, gambling services are permitted in one form or another in nearly all LatAm states, though their oversight approaches differ greatly.

Examples of regulatory diversity in the region include:

• Uruguay — dominance of a state monopoly;
• Mexico — iGaming conducted under land-based licences;
• Peru — a transparent, comprehensive certification framework.

In Latin America, 6 states completely prohibit or do not explicitly regulate the iGaming sector, leaving around 212 million people without access to legal online entertainment services.

Meanwhile, a clear domino effect is unfolding across the region. Some countries are steadily adopting new regulatory measures while generating solid treasury income worth billions of dollars. Consequently, neighbouring nations are starting to reassess and amend their legislation, sparking a new wave of transformation.

Online gambling oversight changes in Chile deserve particular attention. In December 2023, the local Chamber of Deputies approved a relevant bill. The reform envisages the creation of new conditions specifically for this South American iGaming market.

The package of updates includes:

• a fresh tax model;
• a separate certification system;
• access-restricting tools against illegal operators.

LatAm’s Digital Gambling Market: Key Figures

The regional sphere’s total GGR is expected to rise from $29 billion in 2024 to $51 billion by 2030. This increase, highlighted in H2GC’s latest report, is anticipated to be fueled mainly by the expansion of online channels.

The projected figure is over 4 times higher than the amount at the start of the decade. Additionally, the iGaming vertical’s CAGR remains strong at around 26%. Industry experts consider 2026 a particularly advantageous time for launching new gambling projects due to ongoing regulatory shifts.

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