Best Betting Sites in Argentina

Sports Betting Regulation in Argentina

Online sports betting became very popular in the mid-2000s. As new betting sites emerged, Argentinian bettors had a new outlet to bet on their favorite sport. The government acted in 2008, banning any unlicensed foreign bookies to accept bets. Argentinians can only bet via local online sportsbooks or at offshore sports betting sites with a proper license. It's not a big surprise that international sportsbooks are much more capable of giving bettors in Argentina what they want.

Thanks to the 2008 laws, the online betting industry in Argentina is properly regulated and safe for bettors. In the past few years, there have been further advancements in this case. Argentina has granted power to five of its largest provinces to decide if they want to legalize online gambling. It's been live in Buenos Aires since 2019, and for the other provinces, it happened in 2022. Due to the economic situation in the country, it wasn't hard to guess that the provinces will take all the money they can.

Since then, online bookmakers have grown in reputation and numbers. Of course, only those with valid online gambling licenses can accept wagers. The gambling sector has grown immensely in the past couple of years, with sports bettors in focus.

Under organized betting rules, players have gambling winnings taxed between 2.5% to 15% of net deposits (depending on the operator). No matter if you win in an online casino or at a betting site, you must pay your taxes. Each online bookmaker is also obliged to pay taxes to the government in order to operate in the growing betting market.

Key Facts & Stats About Betting in Argentina

Argentine betting sites are very popular in the country. Betting an online sportsbook is easier than ever, with mobile online platforms and desktop websites run by major betting operators. Here are a few facts about online sports betting in Argentina that you might not have known about.

• Annual Growth Rate: According to latest stats, the annual growth rate of mainstream sports betting in Argentina is just under 9% (8.69%). This year, the total online gambling value should reach $1.39 billion, and by 2028, the expected revenue from betting activities is $1.94. In terms of online sports betting, the market volume in 2024 is expected to reach $0.59 billion.

• Industry Growth: The growth of the online sports betting industry in Argentina is on the rise every year. In 2018, the total value of bets at local sportsbooks was just $0.17 billion. It more than tripled in size by 2022 ($0.40 billion), hit $0.50 billion in 2023, and should grow to almost $0.60 billion in 2024.

• Betting Frequency: Around 26.5% of Argentina's popular bet on sports at least once in the past 12 months. Around 20% of those people bet a few times per month, while 5% bet every day.

• Monthly Spending: The average revenue per user is over $200

• Purpose of Betting: Most Argentinian bettors bet for entertainment, but a good portion considers it a way to earn income.

• Popular Sports: Football is the most popular sports betting option in Argentina, with horse racing and other sports events popular too.

• Demographics: The average Argentinian bettor is aged 35-44 and they mostly bet a few times per month, preferable in football. Mobile betting seems to be more popular than betting from home.

Free Bets & Betting Offers in Argentina

The best sports betting sites in Argentina should have a variety of free bets and betting offers. A free bet is one of the most popular bonuses for punters all over the world. It's usually available in the form of welcome bonuses, but you may also get free bets as a regular bettor. An online bookmaker should also offer many other bonuses and promotions that are suitable for regulars and loyal punters.

Just because it's called a free bet doesn't mean it's free. Whether you're getting a welcome bonus or any other promo, you should read the terms. The first deposit bonus is much different than a reload bonus or any other promo. Promotions are not one and the same. They differ in terms including wagering requirements, the available betting markets, payment methods you can deposit with, and the minimum/maximum bet you can place. Check out each bookmaker we've found for you and choose the one that fits your taste.

Popular Payment Methods for Argentinian Betting Sites

Argentine bettors can count on many trusted payment methods for deposits and withdrawals. These include bank transfers, credit cards, e-wallets, prepaid vouchers, and even cryptocurrencies. Of course, which payment methods it accepts is a decision which entirely depends on the online betting site you join. You should check the payments page before you open up your betting account. This will help you make sure that your preferred payment method is there and you also get to check out the limits. Below we'll cover some of the most important payment methods Argentinian punters can use nowadays.

Bank transfers

Bank transfer is a simple and very popular payment method for Argentinian punters. While some bettors aren't ready or willing to share their bank transfer details and have bookies show up on their reports, high rollers love it. That's because of the much higher deposit and withdrawal limits, as well as the top-notch security. When it comes to online transactions safety, nothing beats bank transfers.

Credit Cards

Cards are the next best thing for online sports betting in Argentina. Both Visa and Mastercard are accepted at the top betting sites. They're easy to use, rival bank transfers in terms of security, and are accepted for sports betting at nearly any betting site. You can fund debit cards in several ways or let them draw money from your bank account. Credit cards allow you to play on credit once you run out of money, although this isn't ideal from a responsible gambling perspective.

E-wallets

E-wallets are digital payment methods that offer fast and safe transactions. They can be used for both deposits and withdrawals, and their transaction times are almost instant. Some of them, like Neteller and Skrill, have been designed for sports betting and casino games. They can also be funded in many ways, and you don't necessarily have to share your financial details when you use them.

Cryptocurrencies

Some, although not all Argentine sports betting sites accept cryptocurrencies. They offer completely anonymous transactions. You can use them to fund your account and withdraw winnings without your name being shared. They have no major drawbacks except for the fact that they're not regulated. On the positive side, they are popular among the youth in Argentina, and often used for online gambling thanks to the decentralized nature and instant transaction times.

Most Popular Sports to Bet on in Argentina

When it comes to LATAM, there's no surprise that football is something everybody talks about. That goes double for Argentina, the country that has produced iconic players such as Diego Armando Maradona and Lionel Messi. Argentina is the current world champion in football, so it makes sense for bettors to love football the most.

Football

From local Buenos Aires derbies to the English Premier League and beyond, football dominates the online betting market in Argentina. The World Cup holds a special place in the heart of Argentinian punters, especially since the country has won it 3 times, the last time in 2022. Sports bettors in Argentina can put their money on thousands of different fixed odds and live betting markets. Some bookies will even let you watch the biggest football events and check scores second by second via betting apps.

Basketball

Argentina is pretty great at basketball too. The country won the Olympics in 2004, and the first edition of the FIBA World Cup in 1950. It hasn't had that luck afterwards, but came close in 2019 when it finisher runner up. Basketball betting is very popular in Argentina, and online bookies offer hundreds of markets with great odds. You can bet on domestic competitions, international tournaments, and of course, the NBA, which takes center stage. All matches during the regular season and playoffs are on offer in addition to live betting and prop bets, which mostly focus on the incredible skills of NBA stars.

Tennis

Tennis comes right after football and basketball in terms of betting popularity. You can bet on ATP and WTA events around the world and the major Grand Slams too. The top online betting sites offer both fixed odds and live betting tennis markets. The latter is incredibly popular, with live stats for the top matches and even streams of the major tournaments.

The betting sites on this list have been chosen as the most trusted betting sites thanks to their valid licenses and stellar reputation. They offer both sports betting and online casino gambling, both of which are highly popular among Argentinian bettors.

Conclusion

If you want to successfully navigate the world of online betting in Argentina, you need to familiarize yourself with the regulations, evaluate important aspects such as value, odds and promotions, and choose reliable platforms. Offshore betting sites are still evolving and offer Argentine punters a wide range of options, even in the face of legal restrictions. Provinces are accepting online gambling and laws are changing, so the market is expected to expand. By reviewing and analyzing the best betting sites, we give you the information you need to make wise decisions. Enjoy the thrill of online gambling while being careful and informed.