Gambling in Argentina is a bit of a national pastime. Horse racing has a very long history in this South American country and pari-mutuel horse race betting was one of the earliest forms of gambling in Argentina.
The various lotteries are also very popular as are casinos. More recently, internet gambling has flourished in flourished in here since the Argentina gambling industry took off in the 1990’s.
At the moment, Argentina gambling laws allow both land-based and online gambling. It’s estimated that gambling in Argentina brings in over $4 billion annually and that number is growing.
The government sees a lot of tax revenue from online casino Argentina websites and there is a relaxed approach to betting.
Currently, Argentina gambling laws fall under provincial jurisdiction and are therefore different depending on where you are.
This is a factor that makes it difficult for online sports betting companies to operate here. So, the answer to “is gambling legal in Argentina” question is yes, but the licensing process is a little complex.
The government has shown signs that they may put a federal authority in place but nothing has been done yet.
Well, you don’t need to wait anymore: We already picked the best online casinos in Argentina and you can find them in this article.
Top 10 Gambling Sites for Argentina
What are the Best Argentinean Gambling Sites and Promotions?
Due to the lack of any streamlined regulations in Argentina, only a small number of Argentine pesos online casinos operate there. However, there are many very safe betting sites that service Argentina’s growing number of internet bettors. Unibet, Betfair, and the always prominent William Hill offer a safe and reliable wagering experience to their customers.
Don’t forget that these bookmakers also offer some great bonuses. Argentinean customers who sign up at 1XBet can claim up to 130 EUR in bonuses. Take a look at Gamblingjudge’s sortable sportsbook database for the best sportsbooks and bonus that are available for Argentinean customers.
How Regulated is Argentina Gambling Market?
There are several gambling jurisdictions within the country and they all have different rules. In short, the regulatory atmosphere is quite disjointed. Rules that apply in one area don’t apply to the next. Some regions allow gambling companies to take bets from punters in other regions and some don’t.
This lack of consistency has led to a couple of high-profile license revocations. Bwin obtained a license in the Misiones jurisdiction but they took on customers that were outside of the region which led to the revocation. Argentina is definitely in need of updating their gambling laws.
Until they do, there will continue to be many gray areas and internet betting companies will remain hesitant to base operations there. In the meantime, punters appear to be able to bet with any number of reputable offshore sites that are unlicensed in Argentina without much fear of reprisal.
Is Gambling Legal in Argentina? What is the Legal Age Of Argentina Gambling?
According to Argentina gambling laws, both land-based and online gambling is legal in this country and it is a very lucrative industry. Argentina boasts the most casinos of any Central or South American country and punters will spend an estimated $17 billion on gambling in 2018.
Gambling is a major source of tax revenues and the government wants to keep the seemingly endless stream of money flowing. The legal age for placing a bet is 18.
With that said, the legality of betting online (and the status of online casino Argentina websites) is a gray area. Each of Argentina’s 24 gambling jurisdictions have their own regulations concerning internet gambling. This creates a great deal of confusion. Residents are prohibited from betting with sites that are not licensed in Argentina but this ban has proven near impossible to enforce.
Does Argentina Tax Gambling Winnings?
Argentina does not currently tax gambling winnings. However, they do tax betting companies within their borders. Gambling taxes are a major source of government income.
What Currencies and Payment Methods do Argentinean Players Generally Use?
The Argentine Peso is the country’s currency and many sportsbooks that cater to Argentinean customers have it as an option. As far as payment options go, debit and credit cards are the most widely used options. Lobanet is a very popular medium by which to transfer money in South America and the use of Click2Pay, Entropay and wire transfers are also commonly accepted methods.
Most betting sites will accept Safecard, Ukash, Astropay, Skrill, and Moneybookers. With the betting site’s increased efforts to make payments easier, new methods such as Bitcoin are yet another way to do financial transactions with online betting companies.