The Growth Of Online Gambling In Latin America
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Latin America has been in the radar of online gambling investors for years. Costa Rica and Panama have had legal online gaming for more than a decade. Many countries are just witnessing an onslaught of iGaming demand.
The growth of online gambling in Latin America is growing fast.
Online gambling is legal in a few Latin countries. Colombia legalized it in 2016. Argentina allows mobile betting and some also accepts online casinos. Mexico, Paraguay and Peru also allow online gambling. Costa Rica and Panama promote online casino businesses. Uruguay does not have a regulatory body that controls the industry. iGaming is an industry worth $2.4 billion in Latin America. It generates $19.6 million for the government in 2019. In Paraguayan, most forms of online betting are legal.
Online gaming is growing sporadically in Latin America.
The main reason there's a demand for online gambling in Latin America is the easy access of offshore gambling sites. Many of these companies are licensed within Latin American countries like Panama, Costa Rica or Curacao.
Mobile penetration in Latin America has seen tens of millions access the Internet in the last 15 years. Cheap android devices can support hundreds of sophisticated games.
Today, you can deposit money to online casinos located in any part of the world through crypto. You can also use credit cards, PayPal, Google Pay, Skrill, EcoPayz or Neteller. Latin Americans are jam-packed with banking options at offshore casinos.
Online casinos offer a variety of bonuses for their customers. Depending on the site, you can get reload bonuses every week. You could qualify for VIP rewards, cash backs or bonus boosters for parlay sports bets.
There are many gambling sites providing all the betting products on one platform. People are getting into gambling in droves. There is something for everyone. Alternative casinos and sportsbooks are essential to take advantage of every site’s best features.
