Mexico Online Gambling Market Research Report, 2028

In recent years, the Mexican online gambling market has grown steadily. Several factors are driving the market, including the growing popularity of online gaming and sports betting, the rise of mobile gaming, and the growing acceptance of online payment methods. Furthermore, the Mexican government's efforts to regulate the market and create a safe and secure environment for players have contributed to the industry's growth. Mobile gaming is a major growth driver in the online gambling industry, and Mexico has a higher rate of smartphone ownership and mobile internet usage. This makes it easier for operators to reach out to potential customers and provide a consistent mobile gaming experience. Mexico's younger population is more tech-savvy and open to new forms of entertainment, such as online gambling. As younger players embrace online gaming and sports betting, this demographic shift is helping to drive market growth. According to the research report, “Mexico Online Gambling Market Research Report, 2028” published by Actual Market Research, the market is expected to grow at a rate 19.69% CAGR from 2023 to 2028. Based on game type, the market is segmented into sports betting, casinos, poker, bingo, lottery and others. Among them the sports betting holds the highest market share of online gambling market of Mexico. Sports betting is one of the fastest-growing segments of the online gambling market in Mexico, with a growing number of players placing bets on sports events, particularly soccer (football) matches. The popularity of sports betting is driven by the country's strong passion for sports and the availability of legal and regulated sports betting platforms. Other industries that are contributing to the growth of the online gambling market in Mexico include online poker, bingo, and lottery games. These industries are seeing increased interest from players, particularly younger players who are more comfortable with digital gaming and are looking for new and exciting forms of entertainment. Another major driver of growth in the Mexican online gambling market is online casino gaming. The availability of a diverse range of casino games, such as slot machines, table games, and live dealer games, has contributed to online casinos' popularity among Mexican players. The convenience and accessibility of online casinos, as well as the growing acceptance of digital payments, have all contributed to the market's growth. The growing acceptance of digital payments has made it easier for online casino players to deposit and withdraw funds. Mexican players can use a variety of payment methods, including credit and debit cards, e-wallets, and bank transfers. To attract new players and keep existing ones, online casinos in Mexico offer appealing bonuses and promotions. These incentives include welcome bonuses, deposit bonuses, free spins, and loyalty programmes. In 1947, the Mexican government passed the Federal Gaming and Raffles Law, which regulated land-based casinos and other forms of gambling. The law created a framework for the regulation of the gambling industry, including the licensing and supervision of casinos and other gaming establishments. In 2004, the Mexican government passed reforms to the Federal Gaming and Raffles Law that extended the scope of the law to include online gambling. The reforms established a regulatory framework for online gambling and required all online gambling operators to obtain a licence from the Mexican government. In 2007, the Mexican government further expanded the scope of the Federal Gaming and Raffles Law to include online sports betting. The reforms allowed Mexican citizens to place bets on sports events online, provided that the betting was conducted through licenced and regulated operators. Since then, the Mexican government has continued to refine and improve the regulatory framework for online gambling. In 2014, the government passed reforms to the telecommunications law that required internet service providers to block access to unauthorised online gambling sites. The market is divided into two categories: mobile devices (phones and tablets) and desktop computers. The desktop segment has the largest market share in Mexico's online gambling market. Mobile devices are expected to gain the largest market share for online gambling in Mexico during the forecast period. Mobile devices provide convenience that other devices do not. Players can access their preferred online gambling sites at any time and from any location, removing the need for a computer or a physical location. Because mobile devices are easier to transport and use while on the go, they are more accessible than computers. As a result, mobile devices have become the preferred choice for many Canadian online gamblers. Considered in this report • Geography: Mexico • Historic year: 2017 • Base year: 2022 • Estimated year: 2023 • Forecast year: 2028 Aspects covered in this report • Mexico Online Gambling market with its value and forecast along with its segments • Various drivers and challenges • On-going trends and developments • Top profiled companies • Strategic recommendation By Game Type: • Sports Betting • Casinos • Poker • Bingo • Lottery • Others By Distribution Channel: • Mobile Devices (Phones and Tablets) • Desktop The approach of the report: This report consists of a combined approach of primary as well as secondary research. Initially, secondary research was used to get an understanding of the market and listing out the companies that are present in the market. The secondary research consists of third-party sources such as press releases, annual report of companies, analysing the government generated reports and databases. After gathering the data from secondary sources primary research was conducted by making telephonic interviews with the leading players about how the market is functioning and then conducted trade calls with dealers and distributors of the market. Post this we have started doing primary calls to consumers by equally segmenting consumers in regional aspects, tier aspects, age group, and gender. Once we have primary data with us we have started verifying the details obtained from secondary sources. Intended audience This report can be useful to industry consultants, manufacturers, suppliers, associations & organizations related to Online Gambling industry, government bodies and other stakeholders to align their market-centric strategies. In addition to marketing & presentations, it will also increase competitive knowledge about the industry.