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
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Key Statistics
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Base Year
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2024
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Forecast Years
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2025-2033
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Historical Years
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2019-2024
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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% |
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.
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:
The report has provided a detailed breakup and analysis of the market based on the platform. This includes offline and online.
Betting Type Insights:
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:
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:
The report has also provided a comprehensive analysis of all the major regional markets, which include Northern Mexico, Central Mexico, Southern Mexico, and others.
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.
Report Features | Details |
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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:
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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:
Key Benefits for Stakeholders: