The value added in the gambling and betting activities sector in Chile has shown significant fluctuations over the past decade. Notably, the sector saw substantial growth from 2013 to 2016, peaking at 518.46 billion Chilean Pesos in 2016. However, it experienced a sharp decline in 2017, with a subsequent period of stabilization from 2018 onwards. By 2023, the sector's value stood at 323.68 billion Chilean Pesos, showing moderate growth.
Over the last two years, the sector grew by approximately 1.33% annually. The Compound Annual Growth Rate (CAGR) for the past five years (2019-2023) was 4.22%. Future forecasts predict a modest annual growth rate of 0.95%, with an overall growth rate of 4.82% by 2028.
Future trends to watch for:
- Technological advancements in online gambling and betting platforms.
- Regulatory changes impacting the gambling industry.
- Impact of macroeconomic factors on consumer spending in leisure activities.
- Shift in consumer preferences towards digital and mobile betting solutions.
