The gaming sector in the US is a global leader and generates a huge amount of revenue every single year. When you look at Latin America’s gaming sector, you’ll notice that it is notably smaller, but at the same time, it is undergoing significant growth right now. This is especially the case when you look at the mobile gaming sector. Mexico in particular has quickly positioned itself as being one of the top players in the mobile gaming market in Latin America.
The United States Gaming Market is Firmly Established
The gaming sector in the US is firmly established. Last year, it generated over $113 billion in revenue, which solidified its position within the industry. With the US being home to a huge number of game development companies, including Take-Two, Electronic Arts and Activision, there is no doubt that the country is responsible for several major technological strides.
Digital sales have contributed quite a lot here too, with cloud platforms helping to change the way that games are sold. With digital games helping to bolster sales for independent titles, companies now have way more market reach and global accessibility. It’s not just mobile and PC games that are contributing to this statistic either. Online casino games also have a huge part to play in the US market. Slot machine revenue hit a new yearly high in 2024, with numbers up by 1.6%. States like New Jersey also saw a record high in gambling revenue, hitting 6.30 billion. As a result of this boom, when you sign up with a NJ real money online casino, there are now more options than ever, from Cash Eruption to Cleopatra and Starburst. Slots like this aren’t available in a traditional format, and with welcome bonuses including 100% deposit matches, this is a driving factor behind the United States’ thriving gaming industry.
Latin America’s Mobile Gaming Sector is Witnessing Rapid Growth
The US might have a projected CAGR rate of 6.48% between now and 2032, but when you look at Latin America, you’ll see that the CAGR stands at 10.01%. With smartphone usage increasing more by the year, combined with increased internet access, mobile gaming is emerging as a major economic driver, especially in Brazil and Mexico.
Additionally, the adoption of 5G is helping a lot, especially when it comes to supporting the growth of the mobile gaming market. It’s said that Latin America is going to have 7% 5G connections by the year 2025, showing how much potential the market has, and how quickly it is catching up to other countries, like the US.
As time goes on, many games are released with a mobile-first approach, with the sector currently drawing significant investment. Digital distribution is also quickly gaining ground, as people begin to embrace platforms more and more.
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Even though the reach of the US is much broader, and generates more revenue, it’s hard to dispute the fact that Latin America, and Mexico in particular is growing at a much faster pace, especially with mobile gaming. Both countries are also witnessing higher job growth within the game development sector, which is helping to bolster the economy while creating new opportunities. As time goes on, this could even lead to higher CAGR predictions, showing what an exciting time it is for the US and Latin American gaming sector.
