Gaming revenue in Panama industry closed 2025 with gross revenues of US$2.938 billion
Gaming revenue in Panama industry closed 2025 with gross revenues of US$2.938 billion
According to official data from the National Institute of Statistics and Census (INEC), compiled with information from the Ministry of Economy and the Gaming Control Board, the gambling sector registered a year-on-year growth of 15% compared to the US$2.555 billion obtained in 2024. Gaming revenues reached almost $3 billion in 2025.
Market growth was marked by the expansion of online gaming, which has consolidated its position as the fastest-growing segment. Last year online gaming registered a gross volume of US$587.8 million, representing a year-on-year growth of 82.3%, making it the fastest-growing vertical within the sector.
Despite the strong advance of online gambling, the main driver in absolute terms continues to be “A” type slot machines , which generated US$2.147 billion in gross revenue with a growth of 5.2% compared to 2024.
The INEC report details the performance by segment:
Gaming tables: US$ 146.8 million (+15.4%) Racetracks: US$ 29 million (-6%) Sports betting halls: US$ 17.9 million (-11%) Bingo halls: US$ 6.4 million (+4.4%)
When it came to the sector’s net income, the report indicates that it reached $375.5 million in 2025 , representing a moderate increase of 1.6% compared to the previous year.
Net income for Class A slots stood at US$296.6 million (-2.1%) Online gaming: US$33.8 million (+53.6%) Table games: US$31.1 million (+8.7%) Racetracks: US$7.3 million (-5.6%) Sports betting: US$4.8 million (-10.9%) Bingo: US$1.07 million (+10.8%)
With gross revenues approaching US$3 billion, the gaming industry is consolidating its position as one of the service sectors with the highest transaction volume in the country.
Panama has 102 authorized halls: 22 full casinos, 31 slot-machine venues, 45 sports-betting rooms, 3 bingo halls, and 1 racetrack. An emerging segment is instant-win games, which reached $3.4 million in 2025. In addition to “A” type machines, the country has “C” type slot machines , which operate in smaller premises and only allow one play per coin or bet, unlike the multiple combinations of “A” type machines.
