Gambling and betting activities in Chile experienced significant fluctuations from 2013 to 2023. In 2013, production was valued at 513.42 billion Chilean pesos. This value rose to a peak of 682.75 billion pesos by 2017, followed by a sharp decline to 444.86 billion pesos in 2018. The period between 2019 and 2023 marked a phase of stabilization, with values fluctuating slightly around the 500 billion peso mark. Specifically, in 2023, the production stood at 498.78 billion Chilean pesos, reflecting a minor decrease of 0.76% year-on-year and a slight positive CAGR of 2.31% over the last five years.
The forecasted data from 2024 to 2028 suggest a gradual decline in production, with an anticipated average shrinkage of -0.64% per year, leading to a projected value of 478.91 billion pesos by 2028. This period indicates a subtle but continued downturn within the industry.
Future trends to watch for include the impact of technological advancements on gambling and betting activities, regulatory changes, the influence of macroeconomic conditions on consumer spending, and potential shifts in consumer preferences towards online platforms.
