TLDR Panama’s regulated gaming market grew 16.2% in gross wagers from January to May 2026. Licensed operators took in $1.3288 billion, up from $1.1437 billion a year earlier. Slot machines stayed the top segment, bringing in $932.4 million, a 7.3% rise. Online gaming grew the fastest, up 57% year on year to $299.6 million. Sports betting and the horse track both saw declines, while bingo grew slightly.
Panama’s regulated gaming market grew 16.2% in gross wagers between January and May 2026. That’s according to new figures from the Office of the Comptroller General, using data from the Gaming Control Board.
Licensed operators in the country brought in $1.3288 billion during those five months. That’s up from $1.1437 billion during the same stretch last year.
The numbers point to steady growth across most parts of Panama’s licensed gaming industry. Some categories did better than others.
Slot Machines Still Lead the Market
Slot machines remained the biggest part of Panama’s gaming industry. They brought in $932.4 million in gross wagers from January to May.
That’s a 7.3% increase compared to the same period in 2025. Slot machines now make up more than 70% of all gross wagering in the country’s regulated market.
These machines operate in licensed casinos, gaming rooms, and other approved locations across Panama. They have long been the main driver of the country’s gaming revenue.
Online Gaming Grows Fastest
Online gaming was the second-largest segment during the period. It generated $299.6 million in gross wagers.
That segment posted the fastest growth rate of any major category, rising 57% from last year. It shows more players in Panama are choosing to bet through licensed online platforms.
Table games came in third place. This category, which includes roulette, blackjack, and poker played at licensed casinos, brought in $74.3