
Esports betting in Latam: a wager you can’t afford to miss
In this article, brought to you by, Oddin.gg, Marek Suchar looks at the rise of esports betting across Latam and why esports operators still to make their move in the region, must act now to see results

Esports has quietly become one of Latam’s most bankable betting categories – no longer warming the bench, it’s firmly in the starting lineup. From conversations with Oddin.gg’s partners on the ground, one leading operator in Brazil now sees esports as the number two sport by betting volume – just behind football. Others place it in their top three verticals and, in at least one sportsbook, it’s the top performer. These aren’t forecasts; they’re real numbers from operators growing the category.
The momentum is real – and measurable
This isn’t just anecdotal. Oddin.gg’s internal data shows that between Q1 2024 and Q1 2025, esports betting volume across Latam grew by nearly 62%.
And with mobile-first, digital-native users across the region driving demand, the esports opportunity isn’t just emerging. It’s already here. Operators that act now stand to lead. Those that wait may find themselves scrambling to catch up.
Betting behaviours tell the story
Across Latam, betting behaviour is evolving, and fast. Mobile leads, in-play betting is surging and younger bettors expect content to match the pace and interactivity of the entertainment they already consume. Esports doesn’t just fit that shift, though – it was built for it.
The formats are fast. The tournaments are non-stop. The broadcasts are integrated directly into how fans already engage with games, whether on Twitch, YouTube or TikTok. And it all happens in real time. For the digital-native bettor, it feels more intuitive than traditional schedules or drawn-out matchdays.
As engagement makes the shift from passive betting to more interactive, real-time formats, esports has emerged as one of the most naturally aligned verticals for the new generation of bettors.
Regional standouts: what’s working and where
Understanding the Latam esports opportunity requires more than a ‘one-size-fits-all’ regional lens. Local trends, cultural preferences and policy shifts help to create a patchwork of opportunity. While esports betting data is still limited in some countries, overall esports market growth signals where interest – and future betting potential – is heading.
- Brazil: The region’s most mature esports betting ecosystem. In April 2025, Brazil’s Ministry of Sports formally recognised esports under fixed-odds betting legislation (Ordinance No 36) marking a major step forward. The esports betting market was valued at $55.94m in 2024 and projected to grow at a CAGR of 8.0% by 2030.
- Mexico: A fast-growing ‘total’ esports market valued at $95m in 2023, expected to reach $344m by 2030 (CAGR: 20.2%). Mobile gaming dominates, accounting for 70% of esports revenue, driven by widespread smartphone usage.
- Argentina: Esports is gaining strong momentum. The esports betting market was valued at $21.96m in 2024, with projected growth at a CAGR of 8.3% by 2030. Engagement is especially high in League of Legends and Counter-Strike 2 (CS2) among younger audiences.
- Colombia: Made headlines in April 2025 by adding esports to its national sports policy (Bill 026/2024). While mostly symbolic, it paves the way for structured support. The esports betting market valued at $11.63m in 2024, with a projected CAGR of 7.2% by 2030.
- Peru: A strong Dota 2 community supports both viewership and betting interest. Esports betting grew 30% year on year (YoY) in 2024. Regulatory clarity (Supreme Decree 026-2023) has formalised the sector, attracting foreign investments and enhancing consumer protection. Peru’s esports betting market is projected to reach $10.72m by 2030 (CAGR: 7.6%).
- Chile: Smaller, but steadily expanding. The country’s esports betting market was valued at $9.41m in 2024 and is expected to grow at a CAGR of 7.7% by 2030, boosted by increased internet connectivity and a growing appetite for interactive digital content.
Esports is booming on and offline
Esports in Latam isn’t just something happening on screens – it’s now deeply rooted in real communities across the region. The infrastructure is physical, visible and growing fast.
A big part of that shift is being driven by organisations like Infinity Gaming, one of the region’s most active esports operators. With gaming centres now open in Costa Rica, Peru, Chile and Colombia and one planned for Brazil, Infinity Gaming is bringing esports into public spaces through tournaments and social gatherings. Its flagship events – Infinity Play and Gaming Party – also routinely draw 10,000 to 25,000 attendees, showing just how wide the reach has become.
Meanwhile, Brazil has become a hotspot for international esports tournaments, reinforcing its role as a regional hub. From top-tier CS2 events like Intel Extreme Masters in Rio (2022 and 2024), to the Free Fire World Series and R6 Siege Six Invitational in São Paulo, international organisers are doubling down on the region. But these events aren’t just entertainment, they consistently boost local viewership and deepen bettor engagement.
Regulation is creating opportunity
Latam’s esports betting expansion is being supported by a more favourable regulatory landscape.
As touched on above, Brazil’s Ministry of Sports has included esports in its list of approved fixed-odds betting events, provided the tournaments are licensed. The same ordinance bans exclusivity clauses, meaning all licensed operators have fair access to offer esports.
Colombia followed suit shortly after by incorporating esports into its National Sports System, opening doors to public funding and broader institutional support.
Other markets – like Mexico, Peru, Chile and others – are closely watching these moves, using them as a model for their own frameworks. Although challenges like publisher approval remain, the path forward is clearer than ever: esports betting in Latam is gaining strong legal and structural support.
Why now, why Oddin.gg?
Some sportsbooks still treat esports as a bolt-on. But the leaders treat it as a fully fledged vertical. That distinction matters.
Oddin.gg is already pushing the Latam esports betting market forward – integrated with Betsson, Betano, Coolbet, Stake, Retabet and Betway and powering brands like Estrelabet, Bandbet, Brazino777, Blaze, Playdoit, Betmotion, Doradobet and more via platform partnerships.
Whether your route to esports is direct or through a platform, the infrastructure is in place. And here’s the bottom line: esports already contributes 5%-10% of total sportsbook volume across current partner setups. For any operator already tracking their sports performance, that’s a number you can run the math on.
As an end-to-end esports betting ecosystem, Oddin.gg was built to match the pace, formats and engagement patterns of real esports bettors. That means market access, localised content and the tools to grow engagement. And it’s not just about features; it’s about outcomes. Operators using Oddin.gg’s odds feed and trading services have seen a 93% average margin efficiency.
Final word: miss this, miss out
Esports betting in Latam is no longer a forward-looking experiment – it’s already delivering real results. Engagement is up. Regulation is improving. The tech is ready.
And Oddin.gg is enabling operators to act, without friction. This isn’t about testing a trend. It’s about executing on a vertical that’s already proving its value. For operators looking to lead and not lag behind – Latam is the place to start.

Marek Suchar is co-founder and managing director of Oddin.gg, the leading B2B provider of esports betting solutions.
With a background in finance and global business development, Suchar has helped position Oddin.gg as a trusted name in igaming. He regularly speaks at industry events on esports trends and operator strategy.