The Gambling and Betting Activities sector in Mexico has experienced considerable fluctuations over the past decade. From 2013 to 2019, the Gross Value Added (GVA) showed a general upward trend, peaking at 30.13 billion pesos in 2019. In 2020, the sector faced a significant downturn with a drastic 46.25% decrease to 16.19 billion pesos, reflecting the impact of the COVID-19 pandemic. The recovery began in 2021 with a 36.39% increase, and by 2022, the value reached 28.17 billion pesos, approaching pre-pandemic levels. However, in 2023, the GVA slightly decreased by 4.3% to 26.96 billion pesos. From 2019 to 2023, GVA fluctuated but showed a slight downturn with a CAGR of -1.24%.
Looking forward from 2024 to 2028, the forecast suggests a steady recovery and growth with a projected 5-year CAGR of 2.02%, aiming at 30.62 billion pesos by 2028. This indicates a gradual but consistent rise in the sector's value, with an overall forecasted growth of 10.53% over this period.
Future trends to watch for include:
- Potential economic recovery post-COVID-19 and its sustained impact on consumer spending in gambling and betting sectors.
- Regulatory changes that might influence market dynamics, including any new restrictions or relaxations.
- Technological advancements in online gambling and betting which could drive future growth.
- Changes in customer preferences towards digital platforms, which may influence the sector's revenue model.
