International edition
August 19, 2019

According to GamblingCompliance’s ‘Latin America Online Gambling Outlook 2019’

Brazil and Buenos Aires to transform Latin American online gambling

Brazil and Buenos Aires to transform Latin American online gambling
The report includes a summary of the regulatory climate for online gambling in other Latin American countries, including Argentina and Colombia.
Brazil | 06/12/2019

The passage of new laws in Brazil and both the province and city of Buenos Aires in Argentina within just a few days of one another last December has turned Latin America into a region of key strategic focus for online gambling operators, according to GamblingCompliance’s latest report.

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razil’s sports betting market alone is expected to be worth more than US$1bn in revenue once new legislation passed in December 2018 is implemented and the market begins to mature, GamblingCompliance forecasts in its ‘Latin America Online Gambling Outlook 2019’ report. The Brazilian market, however, could be worth as much as US$1.56bn under a favorable regulatory climate with strong take-up by consumers.

The report also includes a summary of the regulatory climate for online gambling in other Latin American countries, including Argentina and Colombia. It is being published as both the province and city of Buenos Aires rapidly implement separate legislation to authorize online sports betting and casino-style games.

"With Brazil and the most populous region of Argentina both set to regulate, Latin America has rapidly become more strategically important to the global online gambling industry," said Kristal Rovira, GamblingCompliance’s legal and research director. "Under the right conditions, we expect Brazil could become one of the largest regulated sports betting markets in the world in the coming years. Meanwhile, leading international operators have already signaled their intent to participate in a tender process for licenses in Buenos Aires Province, with the city set to follow soon."

To download a copy of the report, click here.

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