Latin America
Venezuela.
Offshore only Data profile. Full research not written yet.
No local licensing regime; players use international operators.
Market snapshot
- Online GGR 2026
- USD 130m
- Regulated GGR
- USD 20m
- Offshore GGR
- USD 100m
- Growth, year on year
- 8%
- CAGR
- 0%
- Channelisation
- 17%
- Mobile share
- 75%
The market
Venezuela is a offshore only market overseen by CONALOT (limited). Online gross gaming revenue is running at USD 130m for 2026, of which USD 20m is licensed. Roughly 17% of play sits with licensed operators.
Hyperinflation and sanctions complicate; mostly offshore.
This is the measured profile. A full research write-up, with the licensing route, the advertising rules, the player limits and cited sources, is not written for Venezuela yet. The figures above come from the market dataset rather than from a per-country source review, so treat them as a screen rather than as a basis for a launch decision.
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Weighing up Venezuela?
One sentence is enough. I read these myself and reply with three actions you can take.