Mexico gambling market is anticipated to grow with a CAGR of 33% during 2020-2026

Online channel type is expected to grow at the fastest pace in the overall Mexico gambling market during the forecast period – 6Wresearch.

The rise in purchasing power of people along with changing lifestyles would drive the gambling market in Mexico. Vendors offering services like freemium subscriptions is also leading to an increase in market revenues of gambling market in Mexico.

According to 6Wresearch, the Mexico gambling market is anticipated to grow with a CAGR of 33% during 2020-2026. As stringent lockdowns were imposed all over the country account of the outbreak of Covid-19 pandemic, the Mexico gambling market faced losses. However, the market is expected to register significant growth post pandemic. In addition to that, the Covid-19 lockdown led to an increase in market revenues of online gambling market since the closure of land-based gambling platforms made customers opt for online platforms.

According to Prithu Chawla, Senior Research Analyst, Research and Consulting, 6Wresearch, “By product type, casino segment is expected to dominate the market in the forecast period due to an availability of various gambling options under one platform. For land-based casinos, the ambience of the casinos in addition to availability of food and drinks makes the experience very enjoyable for the customers.”

According to Avantika Jain, Research Associate, Research and Consulting, 6Wresearch, “By channel type, land-based segment is anticipated to dominate the market during the forecast period. However, online segment is expected to register maximum growth on account of increasing use of smartphones and rising internet penetration. Emergence of coronavirus spread along with growing awareness about the importance of social distancing in these times will result in people preferring to stay at home and indulge in online gambling activities. “

Some of the major companies in Mexico gambling market include Codere Group, Winland Group and Caliente Casino.

“Mexico gambling market (2020-2026)” provides an in-depth analysis with 14 figures covered in 70 pages. The Mexico gambling market report comprehensively covers the market by product type and channel type. The Mexico gambling market outlook report provides an unbiased and detailed analysis of the Mexico gambling market trends, opportunities, high growth areas, and market drivers which would help the stakeholders to device and align their market strategies according to the current and future market dynamics.

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