Paraguay Gambling Revenue Reaches Record $32.6m Following Market Liberalisation in 2025

Paraguay’s gambling sector recorded its strongest year on record in 2025, generating PYG215.9 billion ($32.6 million), according to figures released this week by the country’s regulator, the National Gaming Commission (Conajzar).

The milestone year followed the liberalisation of the market under Law No 7348/2025, which fundamentally reshaped the country’s regulatory framework.

The revenue total represents the highest annual figure ever reported in Paraguay’s gambling industry. Monthly takings remained consistently strong throughout the year, with revenue dipping below PYG16 billion only once, in January 2025. The strongest performance came in September, when gambling revenue approached PYG20 billion.

Compared with the previous year, the growth was substantial. Gambling revenue in 2025 rose by 22.9% year on year from the PYG175.8 billion generated in 2024, underlining the impact of regulatory reform on the sector.

The year marked a turning point for the industry, as 2025 saw the implementation of sweeping changes to Paraguay’s gambling laws through Law No 7348/2025. Signed into law on 7 May, the legislation expanded and modernised existing regulations, introducing a new framework that allows private operators to enter the market and bringing an end to the long-standing gambling monopoly.

Under the former legal structure, “the exploitation of national games of chance will be carried out exclusively by public tender.” The new law removes this restriction, opening the door to greater competition across multiple verticals.

Reports suggest that a tender process for the country’s two remaining sports betting licences could be launched later this year. At present, Aposta.la remains the only operator authorised to provide sports betting services in Paraguay, although its exclusive licence is due to expire in 2028.

As part of the legislative overhaul, oversight of Conajzar was transferred to the National Directorate of Tax Revenue (DNIT), a move designed to strengthen the regulator’s authority and improve enforcement. The shift was also intended to increase tax collection from gambling activities.

At the time the law was enacted, Conajzar president Carlos Liseras said he believed state contributions from gambling could eventually double the PYG175.8 billion collected in 2024.

While tax receipts have not yet reached that level, the 22.9% rise in gambling revenue has been welcomed by both Conajzar and the Paraguayan government as a positive signal of future growth.

Liseras has consistently argued that Paraguay is well positioned to attract private investment in gambling. “In addition to the fact that Paraguay has a law on the demonopolisation of gambling, the tax burden is the lowest in the region and Paraguay has become an important country for visiting,” he said.

Conajzar, he added, intends to maintain close engagement with both existing operators and companies seeking to enter the newly opened market. “In addition, there are agreements signed with other state institutions to optimise the operation and improve the controls of gambling operators,” Liseras said.

He also highlighted the regulator’s growing international cooperation, noting: “Agreements have been signed with institutions in other countries. They are in full force and it is intended to expand these agreements.”

By fLEXI tEAM