If both legal and illegal gaming activities in Latin America were combined, the region would generate more than $150bn a year, a new report has revealed.
According to Research and Markets' latest study, Latin Americans spend approximately $10bn a year on gaming and gambling and it is estimated that each inhabitant spends around $250 each a year.
Costa Rica, Brazil, Mexico, Argentina, Chile, Colombia, Peru and Venezuela are considered to be the most prolific gambling countries in the region, where slot machines, casinos, horse racing, lotteries and bingo entertain millions of people each day.
The report also states that the existing telecoms infrastructure and internet and mobile penetration levels provide interesting opportunities for mobile, internet and interactive TV gambling applications.
Internet penetration in Latin America by 2009 was at 32.1 per cent, reaching over 182.7 million people – this represented a 30 per cent increase on the previous year.
