Panama gambling market records $2.938bn in 2025
Regulation2 min read
Panama’s gambling market reportedly generated preliminary gross wagers of $2.938bn in 2025, up 15% from 2024. Type A slot machines produced $2.147bn, while internet gambling reached $587m after growing 82.3% year on year. The market included 102 licensed rooms and venues across the country.
In 2025, gambling wagers in Panama reached a preliminary $2.938bn, up 15% from $2.555bn in gross wagers in 2024. That sum approached the $2.965bn the Panama Canal contributed to the state in the preceding year.
Type A slot machines accounted for $2.147bn in wagers in 2025, more than any other segment. They operate only in casinos and authorised venues and permit multiple plays on a single wager. More than seven in every ten dollars wagered in Panama passed through the machines.
Internet gambling ranked second, with $587m wagered in 2025, an increase of 82.3% from 2024. The category includes electronic lottery and other digital platforms, and online wagers represent about 20% of the total market.
Gaming tables ranked third, with $146m in wagers. Tables are permitted only in full-service casinos, and hotel casinos in Panama City must be in properties with more than 300 rooms. Sports betting venues recorded $17.9m in wagers and bingo venues $6.3m in 2025. Instant games reached $3.4m. Panama has type C slot machines in smaller venues, generally offering one play per coin or wager.
There were 102 venues in total, including 76 in Panama province, six each in Chiriquí and Colón, five each in Coclé and Herrera, and four in Veraguas. Concessions covered 22 full-service casinos, 31 slot machine venues, 45 sports betting venues, three bingo venues and one racecourse, the Hipódromo Presidente Remón.
The state-run Lotería Nacional de Beneficencia reported $846m in sales and gross revenue in 2025. Gross gambling wagers rose from $1.369bn in 2021 to $2.938bn in 2025, with online gambling providing the greatest impetus. Specialists have linked greater availability and digitalisation to increased concerns about gambling addiction, particularly in urban areas with a high concentration of gambling.