Paraguay's gambling sector marked a landmark year in 2025, smashing records with PYG 215.9 billion in revenue, or roughly $32.6 million. That 22.9% jump over 2024 highlights how liberalization is supercharging the iGaming scene.
The National Gaming Commission, known as Conajzar, released data showing steady monthly gains throughout 2025. Only January dipped below PYG 16 billion, while September peaked near PYG 20 billion, reflecting robust demand for licensed activities.
This performance marks the strongest year ever for Paraguay's gambling sector. Compared to PYG 175.8 billion in 2024, the growth validates the shift from monopoly structures to competitive licensing. Sports betting and casino segments drove much of this, with online gambling channels expanding rapidly.
Projections for the broader market, including land-based and digital, point to $550.8 million in total revenue for 2025, growing at a 2.5% CAGR toward $608 million by 2029. Online portions, encompassing casino games and sports betting, are set to claim 60% by 2027.
Law No. 7348/2025, enacted in May, revolutionized the landscape by dismantling monopolies and inviting private operators. Replacing the outdated Law 1016/1997, it permits up to three licences per vertical, from sports betting to lotteries like quiniela.
Previously, concessions went solely via public tenders, limiting competition. Now, Conajzar, supervised by the National Directorate of Tax Revenue (DNIT), oversees a more dynamic framework. This integration bolsters enforcement, tax collection, and anti-evasion measures.
President Santiago Peña's administration championed these changes, with Conajzar head Carlos Liseras touting Paraguay's low taxes and clarity to lure global players. Early results show Q1 2025 tax collections up 11%, hinting at even greater fiscal gains ahead.
Aposta.la holds the sole sports betting licence until 2028, powering much of the sector's momentum. Plans for two additional licences by 2026 could intensify rivalry, drawing more innovation in odds, live events, and esports coverage.
Sports betting revenue is forecasted at $65.1 million for 2025, with a 4.67% CAGR. Football leads wagers, but basketball, tennis, and emerging esports fuel growth. Licensed platforms emphasize secure betting, appealing to a mobile-savvy populace.
iGaming consulting firms highlight Paraguay's potential for sports betting partnerships, especially with local leagues seeking sponsorships amid rising handle volumes.
Online casino revenue topped $23 million in 2023, up 14.2%, with ARPU exceeding $1,500 annually. Projections show 30% growth through 2028, driven by slots, blackjack, roulette, and live dealer innovations.
Operators like JugaMax partner with providers such as EvenBet for poker solutions, blending land-based casino vibes with digital access. Law 7348 mandates certified RNGs, 200-meter school buffers, and financial vetting for entrants.
Over 70% of wagers now occur online, boosted by 40% user growth in 2025. Mobile dominance and internet penetration position casino and online gambling as high-growth iGaming pillars.
Placing Conajzar under DNIT strengthens compliance. Regulators now seize illegal equipment, block rogue sites, and promote responsible gaming with age verification and self-exclusion tools.
Public tenders, like No. 01/2025 for quiniela, allow up to three operators, fostering transparency. APOJA praises this for elevating standards and tech integration.
International cooperation combats money laundering, while player protections align with global norms, safeguarding sports betting and casino enthusiasts.
The $32.6 million haul exceeds expectations, potentially tripling prior levels with fuller liberalization. Funds support public budgets, infrastructure, and social programs, mirroring iGaming's role elsewhere in LatAm.
November 2025 alone yielded $2.8 million, signaling sustained trajectory. Low taxes and regulatory ease attract foreign investment, with events like SAGSE and G&M Paraguay drawing iGaming consulting crowds.
Paraguay emerges as a LatAm hotspot alongside Brazil and Peru. Liberal rules spur innovation in online gambling platforms, with suppliers eyeing B2B chances.
Challenges persist: ensuring fair tenders post past disputes and curbing informality. Yet, successes like EvenBet's entry validate the model.
iGaming consulting is crucial, guiding firms through licensing, localization, and compliance for sports betting and casino ventures.
Reforms prioritize safety: bans on minor ads, responsible promo limits, and tech for addiction prevention. Operators must demonstrate clean records and robust policies.
This builds trust, channeling players from black markets to licensed casino and sports betting options.
2026 tenders for sports betting and quiniela promise competition. Up to three per category could diversify offerings, from advanced apps to immersive casino experiences.
Analysts forecast steady expansion, with iGaming consulting aiding entries amid 30% market growth.
Paraguay's moves echo Peru and Colombia's openings, positioning it as a gateway. Low barriers draw Nordic and Asian firms, enriching online gambling diversity.
Newcomers need iGaming consulting for bids, tech audits, and tax navigation. Success stories like Aposta.la show rewards for compliant sports betting leaders.
Players gain secure platforms with better odds and features. Oversight reduces risks, promoting healthy engagement in casino and betting.
With stable revenues and reforms bedding in, Paraguay's iGaming sector eyes doubled contributions. Stakeholders anticipate more tenders, tech upgrades, and partnerships.
This liberalization era promises sustained prosperity for online gambling, sports betting, and casino innovation.
Sources: Invixos, iGaming Business, iGaming Today, Flexi News, iGaming Express, LCB.org, Global Gambling News, PASA News, EvenBet Gaming, Sigma World, Radom, SCCG Management, iSoftGamble.
