Online Casinos - Central America | Statista Market Forecast

Revenue in the Online Casinos market is projected to reach US$84.38m in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 5.31%, resulting in a projected market volume of US$109.30m by 2029.
In the Online Casinos market, the number of users is expected to amount to 143.4k users by 2029.
User penetration will be 1.2% in 2024 and is expected to hit 1.2% by 2029.
The average revenue per user (ARPU) is expected to amount to US$628.40.
In global comparison, most revenue will be generated United Kingdom (US$6.47bn in 2024).
With a projected rate of 35.6%, the user penetration in the Online Casinos market is highest Canada.

Definition:

The online casinos market refers to the segment of the online gambling industry that offers a range of traditional casino games, such as blackjack, roulette, baccarat, and slot machines, that can be played over the internet. Online casinos provide customers with the opportunity to play these games from the comfort of their own homes or on the go through various devices, including computers, tablets, and smartphones.

Additional Information

Data includes revenue figures in Gross Gambling Revenue (GGR), which is the total amount of bets placed by customers minus the amount paid out in winnings, Users, average revenue per user (ARPU), user penetration rate, and a breakdown of the product shares of the total online casino market. User and revenue figures represent B2C services.

Online slot machines such as Starburst, Mega Moolah, and Gonzo's Quest
Online card games such as poker, blackjack, baccarat, and their variants
Online roulette games such as European, American, and French roulette

Offline or land-based casino establishments such as casinos and gaming halls
Skill-based games such as chess, backgammon, and Go
Betting on non-casino games such as sports, politics, and entertainment.

The Online Casinos market in Central America has been experiencing significant growth in recent years, driven by changing customer preferences and local special circumstances.

Customer preferences: Customers in Central America are increasingly turning to online casinos for their gambling needs due to the convenience and accessibility they offer. Online casinos provide a wide range of games that can be played from the comfort of one's own home or on the go, eliminating the need to visit physical casinos. Additionally, online casinos often offer attractive bonuses and promotions, further incentivizing customers to choose them over traditional brick-and-mortar establishments.

Trends in the market: One of the key trends in the Central American online casinos market is the increasing adoption of mobile gambling. With the proliferation of smartphones and improved internet connectivity, more and more customers are using their mobile devices to access online casinos. This trend is expected to continue as mobile technology continues to advance and become more affordable. Another trend in the market is the growing popularity of live dealer games. Live dealer games allow customers to play against real dealers in real-time, providing a more immersive and interactive gambling experience. This trend is driven by the desire for a more authentic casino experience and is expected to contribute to the growth of the online casinos market in Central America.

Local special circumstances: Central America is home to several countries with a significant tourism industry, which has contributed to the growth of the online casinos market. Many tourists visit the region for its natural beauty and cultural attractions, and online casinos provide an additional form of entertainment for these visitors. Furthermore, some countries in Central America have favorable regulations and tax policies for online gambling, attracting international operators to establish a presence in the region.

Underlying macroeconomic factors: The growth of the online casinos market in Central America is also influenced by underlying macroeconomic factors. Economic growth and rising disposable incomes in the region have increased the spending power of consumers, allowing them to allocate more funds towards leisure activities such as online gambling. Additionally, the region's relatively young population and high internet penetration rates contribute to the growing customer base for online casinos. In conclusion, the Online Casinos market in Central America is experiencing growth due to changing customer preferences, such as the increasing adoption of mobile gambling and the popularity of live dealer games. Local special circumstances, such as the region's tourism industry and favorable regulations, also contribute to the market's development. Underlying macroeconomic factors, including economic growth and rising disposable incomes, further support the growth of the online casinos market in Central America.

Data coverage:

The data encompasses B2C enterprises. Figures are based on Gross Gambling Revenue (GGR) and represent what consumers pay for these products and services.

Modeling approach:

Market size is determined through a Top-Down approach. We use annual financial reports of the market-leading companies and industry associations, third-party studies and reports, survey results from our primary research (e.g., the Statista Consumer Insights Global survey), as well as performance factors (e.g., user penetration, price per product, usage) to analyze the markets. To estimate the market size for each country individually, we use relevant key market indicators and data from country-specific industry associations, such as GDP, number of internet users, and internet consumption.

Forecasts:

We apply a variety of forecasting techniques, depending on the behavior of the relevant market. For instance, the S-curve function and exponential trend smoothing are well suited for forecasting digital products and services due to the non-linear growth of technology adoption. The main drivers are GDP per capita, consumer spending per capita, and 4G coverage.

Additional notes:

The data is modeled using current exchange rates. The impact of the COVID-19 pandemic and the Russia-Ukraine war are considered at a country-specific level. The market is updated twice a year. In some cases, the data is updated on an ad hoc basis (e.g., when new, relevant data has been released or significant changes within the market have an impact on the projected development). Data from the Statista Consumer Insights Global survey is reweighted for representativeness.

This report presents a comprehensive analysis and additional information on the Advertising & Media market, in a PDF format.

As an industry seemingly built on chance, the odds of the global casino sector growing in the coming years appear a safe bet. Thanks to the ongoing legalization of gambling-related activities in many parts of the world, licensed casinos have expanded to new markets and generated record-breaking revenue figures. While the market size of the casino and online gambling industry suffered heavily during the coronavirus (COVID-19) pandemic, falling by nearly 100 billion U.S. dollars in 2020, the recovery has been steady. As of 2024, the industry’s market size totaled over billion U.S. dollars. At the center of this growth has been leading casino companies such as MGM Resorts, which alone generated 16.16 billion U.S. dollars in revenue in 2023. Online enterprises specializing in sports betting have also carved out significant chunks of the market share, with Fanduel and DraftKings both ranking as two of the most valuable gambling brands globally in 2024.