Connect with us

Finance

Mexico’s Online Gaming Sector Set for 70% Growth in Three Years

Published

on


Mexico’s online gaming is on the brink of a significant transformation.

New regulations reshape the gaming landscape, creating unprecedented opportunities.

Anticipate a 70% growth spurt in the sector, offering lucrative prospects.

Stay informed about Mexico’s evolving online gaming market and its potential.

Mexico’s Online Gaming: A Landscape Transformed by Regulation

Mexico’s online gaming sector is poised for a 70% growth in revenue over the next three years, a direct response to the recent regulatory changes. The November 17 decree reforming the Federal Gaming and Sweepstakes Law marks a new era for the industry, particularly online gaming.

Advertisement

A Shift Away from Physical Gaming Halls

The regulation limits the operation of slot machines in casinos, leading to potential closures of gaming halls. Miguel Angel Ochoa, President of AIEJA, points out the drastic effects this could have on the sector, including a 90% reduction in fiscal contributions.

Online Gaming: An Accelerated Growth Trajectory

Online gaming operators like Strendus foresee significant revenue growth, with projections reaching $4.63 billion. Bernardo Verdejo Landeros, Marketing and Loyalty Manager at Strendus, anticipates this growth as players migrate to virtual casinos. Prior to the regulatory reform, growth was estimated at 31% towards 2027; post-reform, it’s set to soar.

The Advantages of Online Casinos in the New Regulatory Landscape

Verdejo Landeros emphasizes the resilience of online casinos amidst these changes. They’re not affected by physical casino restrictions, paving the way for robust growth and new market entrants.

Rising Internet Penetration Fueling User Engagement

The current online gaming market penetration stands at 17.3% among Mexican internet users. With increased smartphone usage and internet coverage, user engagement is set to expand, reaching an estimated 31.6 million by 2028.

Advertisement

The Growing Female Demographic in Sports Betting

Roberto Müller, CFO of Playdoit, notes a surge in female interest in sports betting, contributing to the sector’s growth. He predicts an increase in the average betting ticket, currently ranging from MXN 200 to 1,000, by 18% annually.

Conclusion: A Bright Future for Mexico’s Online Gaming

Mexico’s online gaming industry is on the cusp of significant growth, driven by regulatory shifts and technological advancements. With clear rules and ongoing investment, the sector is well-positioned for a thriving future, offering vast opportunities for players and operators alike.

Jerome, a valuable addition to the Gamingo.News team, brings with him extensive journalistic experience in the iGaming sector. His interest in the industry was sparked during his college years when he participated in local poker tournaments, eventually leading to his exposure to the burgeoning world of online poker and casino rooms. Jerome now utilizes his accumulated knowledge to fuel his passion for journalism, providing the team with the latest online scoops.

Continue Reading
Advertisement
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Gamingo.News stands as a premier digital destination dedicated to delivering top-tier news and insights in the gaming and gambling industry. This specialized media outlet garners the attention of over 120,000 readers each month, providing them with engaging content, current news, and in-depth analyses.
The platform offers extensive coverage of various facets of the gaming world, including both online and brick-and-mortar gaming, wagering, esports, updates on regulations and compliance, as well as technological innovations. Regular content includes daily news stories, press releases, unique interviews, and comprehensive reports on events.
Moreover, Gamingo.News organizes webinars pertinent to the industry and offers detailed reports, establishing itself as a comprehensive information source for those interested in learning about gaming market operators, suppliers, regulators, and professional services. The portal's main objective is to keep its large audience informed about the latest news, trends, and developments in the gaming and gambling sectors. It focuses particularly on the European igaming market but also covers significant global news, proving to be an invaluable tool for gaming professionals, operators, and enthusiasts.

For inquiries, reach out at: sales@gamingo.news

For editorial or PR submissions, contact: media@gamingo.news

Copyright © 2024 Gamingo.News.