Latin America While horse racing is very much part of the culture in many jurisdictions retail sports betting is practically nonexistent apart
from in a small number of countries such as Mexico and Panama. It will remain that way for some time as there is little appetite to regulate the industry amongst lawmakers in many countries. However there are a number of important exceptions such as Brazil which offers huge opportunities while in other smaller jurisdictions we are seeing the beginning of a steady roll-out of sports betting shops.
