How Different Bonuses Have Boosted the Online Casino Industry in Latin America

By 11 March, 2020

The outlook for the global online casino industry over the next few years is great. Experts estimate the market will grow at a CAGR of 8.77% from 2019 to 2024. A similar report says the gambling market will reach enjoy revenues of $525 billion by 2023. While most casinos target North America and Europe, reports now indicate Latin America is the next big destination for casinos. In 2019, the market here stood at $2 billion and more international brands continue setting shop here.

If you are a casino player in the region, these are indeed interesting times as these casinos offer impressive bonuses to both new and existing players. As more casinos compete for a piece of the pie, bettors will continue enjoying such offers. This guide explores the different bonuses that Latin American casinos use to woo players.

1. Welcome Bonus

This is a package offered to new players to entice them to sign up or make a deposit. Some casinos will match your deposit while others will offer a percentage (100% – 200%) of the deposit for you to use. This money helps you play more games and learn the platform.

2. Casino No-deposit Bonus

This is a bonus given right after you sign up or register with an online casino. You don’t have to deposit money to receive the bonus into your account. However, this is not money you can withdraw from your account. The purpose of the bonus is to help you start playing. You also have to meet some wagering requirements.

3. Reload Bonuses

As you continue playing, you’ll start depositing money into your account. The best casinos in the region offer a reload bonus for loyal players who continue depositing. The casinos advertise the bonuses on the homepage.

4. Referral Bonuses

This is one of the best offers given by casinos in the region. If you have other playing friends, you can earn free bonuses by referring them. The websites provide a referral link and if your friends join through it, you get instant rewards. These can be in the form of free spins, cash deposits into your account, among other rewards.

5. Free Spins

The best casinos in countries such as Brazil, Argentina to Chile offer free spins. Slots remain the most popular games at casinos and with free spins, you can start winning right away. Free spins come as rewards when playing specific games, or they can also form part of a welcome or comeon bonus.

6. Alternative Payment methods Bonuses

If you use a cheaper payment method preferred by the casino, you can win yourself a reward. For instance, credit cards have high charges and casinos encourage players to try other banking means. For instance, you can get a bonus for using e-wallets like Neteller, Skrill, or PayPal.

7. High Roller Casino Bonus

There are online casinos that reward high rollers or VIP players with unique bonuses. These bonuses apply to depositing funds or for playing jackpots and tournaments. These bonuses are customized to suit individual players.

Final Thoughts

These casino bonuses have had a great impact on the online casino industry in the region. More players are now playing online to enjoy such bonuses. This has, in turn, led to more casino brands landing in the region from Brazil, Peru, and Columbia, Argentina to Venezuela. These bonuses are thus a win-win for players and the online casinos.

Follow Sounds and Colours: Facebook / Twitter / Instagram / Mixcloud / Soundcloud / Bandcamp

Subscribe to the Sounds and Colours Newsletter for regular updates, news and competitions bringing the best of Latin American culture direct to your Inbox.