Key regions: Japan, South Korea, United States, India, Europe
The Online Casinos market in Argentina has experienced significant growth in recent years, driven by changing customer preferences, emerging trends in the market, local special circumstances, and underlying macroeconomic factors.
Customer preferences: Argentinian customers have shown a growing preference for online casinos due to their convenience and accessibility. Online casinos offer a wide range of games and betting options, allowing customers to enjoy their favorite casino games from the comfort of their own homes. Additionally, online casinos often provide attractive bonuses and promotions, which further incentivize customers to choose this form of entertainment.
Trends in the market: One of the key trends in the Online Casinos market in Argentina is the increasing popularity of mobile gambling. With the widespread use of smartphones and improved mobile internet connectivity, more customers are opting to play casino games on their mobile devices. This trend is driven by the convenience and flexibility that mobile gambling offers, allowing customers to play anytime and anywhere. Another trend in the market is the emergence of live dealer games. Live dealer games provide a more immersive and interactive experience for players, as they can interact with real dealers and other players in real-time. This trend has gained popularity in Argentina as it replicates the atmosphere of a traditional casino, enhancing the overall gaming experience.
Local special circumstances: Argentina has a strong culture of gambling, with many Argentinians enjoying casino games as a form of entertainment. However, the country has strict regulations on land-based casinos, with limited licenses available. This has created a demand for online casinos, as they provide an alternative for customers to enjoy their favorite games without the limitations imposed by land-based casinos.
Underlying macroeconomic factors: The Online Casinos market in Argentina has also been influenced by underlying macroeconomic factors. The country has experienced periods of economic instability, including high inflation and currency devaluation. During these times, customers may be more inclined to turn to online casinos as a form of entertainment and potential source of income. Additionally, the growth of the online casinos market has also been supported by the increasing internet penetration rate in Argentina, which has made online gambling more accessible to a larger population. In conclusion, the Online Casinos market in Argentina has experienced significant growth due to changing customer preferences, emerging trends in the market, local special circumstances, and underlying macroeconomic factors. The convenience and accessibility of online casinos, along with the popularity of mobile gambling and live dealer games, have contributed to the growth of the market. Additionally, the strict regulations on land-based casinos and the economic circumstances in Argentina have further fueled the demand for online casinos.
Data coverage:
The data encompasses B2C enterprises. Figures are based on Gross Gambling Revenue (GGR) and represent what consumers pay for these products and services. The user metrics show the number of customers who have made at least one online purchase within the past 12 months.Modeling approach / Market size:
Market sizes are determined through a bottom-up approach, building on predefined factors for each market segment. As a basis for evaluating markets, we use annual financial reports of the market-leading companies, third-party studies, and reports, as well as survey results from our primary research (e.g., the Statista Global Consumer Survey). In addition, we use relevant key market indicators and data from country-specific associations, such as GDP, GDP per capita, and internet connection speed. This data helps us estimate the market size for each country individually.Forecasts:
In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the relevant market. For example, the S-curve function and exponential trend smoothing. The main drivers are internet users, the urban population, the usage of key players, and attitudes toward online services.Additional notes:
The market is updated twice a year in case market dynamics change. The impact of the COVID-19 pandemic and the Russia-Ukraine war are considered at a country-specific level. GCS data is reweighted for representativeness.
Mon - Fri, 9am - 6pm (EST)
Mon - Fri, 9am - 5pm (SGT)
Mon - Fri, 10:00am - 6:00pm (JST)
Mon - Fri, 9:30am - 5pm (GMT)
Mon - Fri, 9am - 6pm (EST)
