Mexico Sports Betting Market Size, Share, Trends and Forecast by Platform, Betting Type, Sports Type, and Region, 2025-2033

Report Format: PDF+Excel | Report ID: SR112025A36752

Mexico Sports Betting Market Overview:

The Mexico sports betting market size reached USD 1,546.20 Million in 2024. Looking forward, IMARC Group expects the market to reach USD 3,248.88 Million by 2033, exhibiting a growth rate (CAGR) of 8.60% during 2025-2033. Rapid smartphone penetration and affordable internet access, combined with evolving regulations, increased sports viewership, and rising disposable incomes, are driving Mexico’s sports betting market by creating a tech-savvy, engaged consumer base eager for real-time mobile betting experiences.

Report Attribute	Key Statistics
Base Year	2024
Forecast Years	2025-2033
Historical Years	2019-2024
Market Size in 2024	USD 1,546.20 Million
Market Forecast in 2033	USD 3,248.88 Million
Market Growth Rate 2025-2033	8.60%

Mexico Sports Betting Market Trends:

Regulatory Changes and Legalization of Sports Betting

Among the key drivers for the expansion of Mexico's sports betting market is the push towards legalization. Mexico has gone a long way in recent years to legalize its gambling industry and provide a formal framework for sports betting. The Mexican government has updated the 1947 Federal Gambling Law with regards to sports betting to welcome foreign investment and provide a more secure, open environment for players and operators. The reforms have paved the way for global sports betting operators to operate legally, establishing a safer, more competitive market. The presence of long-standing, trusted operators guarantees that players have enhanced betting experiences, such as secure payment systems, more diverse betting options, and better customer service. Legalization not only catered to the legality of the sector but also prompted the establishment of new sources of revenue for the government. Proceeds from controlled sports betting activity can also be put towards significant social initiatives.

Technological Advancements and the Rise of Online Sports Betting Platforms

Another key driver of the Mexico sports betting market is the widespread uptake of technology, especially via online sportsbook websites. As smartphone and internet penetration continue to rise in Mexico, the demand for mobile and digital sports betting has accelerated. Sports enthusiasts can now bet at any time and place convenient to them, improving the experience and making it more interactive. Online sites also provide a myriad of sports, odds, and betting options that cannot be equaled by brick-and-mortar betting shops. This online evolution allows bettors to have an enhanced experience with features like live streaming, live updates, and interactive betting. The move towards online gambling has also resulted in the development of sophisticated technologies such as artificial intelligence (AI) and machine learning in the sports betting industry. These technologies enable firms to offer tailored recommendations, enhanced customer service, and fraud detection systems. Online platforms also facilitate bettors to compare odds among various bookmakers, ensuring that they receive the most value for their bets.

Mexico Sports Betting Market Segmentation:

IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the region/country level for 2025-2033. Our report has categorized the market based on platform, betting type, and sports type.

Platform Insights:

Offline
Online

The report has provided a detailed breakup and analysis of the market based on the platform. This includes offline and online.

Betting Type Insights:

Fixed Odds Wagering
Exchange Betting
Live/In Play Betting
Pari-Mutuel
eSports Betting
Others

A detailed breakup and analysis of the market based on the betting type have also been provided in the report. This includes fixed odds wagering, exchange betting, live/in play betting, pari-mutuel, eSports betting, and others.

Sports Type Insights:

Football
Basketball
Baseball
Horse Racing
Cricket
Hockey
Others

The report has provided a detailed breakup and analysis of the market based on the sports type. This includes football, basketball, baseball, horse racing, cricket, hockey, and others.

Regional Insights:

Northern Mexico
Central Mexico
Southern Mexico
Others

The report has also provided a comprehensive analysis of all the major regional markets, which include Northern Mexico, Central Mexico, Southern Mexico, and others.

Competitive Landscape:

The market research report has also provided a comprehensive analysis of the competitive landscape. Competitive analysis such as market structure, key player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided.

Mexico Sports Betting Market News:

March 2025: Mobile Streams Plc launched Estadio Gana, a sports betting and online casino platform, in Mexico. The platform offers live match updates, global sports news, and betting options tailored for Mexican sports fans.
November 2024: Gaming Innovation Group (GiG) partnered with LuckyDays to launch an iGaming platform in Mexico. This marks GiG's first foray into the Latin American market, aiming to leverage its CoreX platform and AI tools, DataX and LogicX, to enhance operations. The collaboration focuses on player acquisition and retention, offering a secure and competitive environment for consumers.

Mexico Sports Betting Market Report Coverage:

Report Features	Details
Base Year of the Analysis	2024
Historical Period	2019-2024
Forecast Period	2025-2033
Units	Million USD
Scope of the Report	Exploration of Historical Trends and Market Outlook, Industry Catalysts and Challenges, Segment-Wise Historical and Future Market Assessment: Platform Betting Type Sports Type Region
Platforms Covered	Offline, Online
Betting Types Covered	Fixed Odds Wagering, Exchange Betting, Live/In Play Betting, Pari-Mutuel, eSports Betting, Others
Sports Types Covered	Football, Basketball, Baseball, Horse Racing, Cricket, Hockey, Others
Regions Covered	Northern Mexico, Central Mexico, Southern Mexico, Others
Customization Scope	10% Free Customization
Post-Sale Analyst Support	10-12 Weeks
Delivery Format	PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

Key Questions Answered in This Report:

How has the Mexico sports betting market performed so far and how will it perform in the coming years?
What is the breakup of the Mexico sports betting market on the basis of platform?
What is the breakup of the Mexico sports betting market on the basis of betting type?
What is the breakup of the Mexico sports betting market on the basis of sports type?
What is the breakup of the Mexico sports betting market on the basis of region?
What are the various stages in the value chain of the Mexico sports betting market?
What are the key driving factors and challenges in the Mexico sports betting market?
What is the structure of the Mexico sports betting market and who are the key players?
What is the degree of competition in the Mexico sports betting market?

Key Benefits for Stakeholders:

IMARC’s industry report offers a comprehensive quantitative analysis of various market segments, historical and current market trends, market forecasts, and dynamics of the Mexico sports betting market from 2019-2033.
The research report provides the latest information on the market drivers, challenges, and opportunities in the Mexico sports betting market.
Porter's five forces analysis assist stakeholders in assessing the impact of new entrants, competitive rivalry, supplier power, buyer power, and the threat of substitution. It helps stakeholders to analyze the level of competition within the Mexico sports betting industry and its attractiveness.
Competitive landscape allows stakeholders to understand their competitive environment and provides an insight into the current positions of key players in the market.

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Mexico Sports Betting Market