From 2013 to 2023, the gambling and betting activities output in Mexico exhibited fluctuations, starting at 39.9 billion Mexican pesos in 2013, peaking at 50.97 billion pesos in 2019, but significantly dropping to 25.39 billion pesos in 2020 due to the pandemic. The market rebounded in 2021 and 2022, reaching 45.21 billion pesos. In 2023, it slightly decreased to 42.75 billion pesos, a -5.45% year-on-year change. The compounded annual growth rate (CAGR) over the last five years stands at -2.96%.
Future trends to monitor include:
- The gradual recovery trend from 2024 onwards, with an average annual growth rate of 1.77% forecasted over the next five years.
- Potential technological advances and their impacts on gambling practices and consumer behavior.
- Regulatory changes and their implications for market dynamics and player protection measures.