Articles

Sports Betting Business in Argentina: Risk or Opportunity

20.02.26
Author: Vladyslav Andrusenko
Read time: 15 min
Published: 20.02.2026

Author

Vladyslav Andrusenko
Vladyslav Andrusenko
Vladyslav Andrusenko
Head of Product
Vladyslav Andrusenko

If you plan to start a sports betting business in Argentina, you might be on the right track. Or… you might be underestimating what it takes to succeed there. Argentina is a contradictory market. On the one hand, it offers scale, a robust payment infrastructure, and a regulated framework. On the other hand, the casino still dominates player preferences, legislation is complex and province-driven, and users demand real localization with strict responsible gambling controls.

In this article, I outline the current state of sports betting in Argentina. Read on to see whether this destination aligns with your goals, budget, and risk appetite.

TL;DR: Sports Betting, Argentina (2026)

  • Online Sportsbook Business in Argentina Is Regulated, but Decentralized: 23 provinces and Buenos Aires City set their own rules and licensing procedures;
  • Compliance and Payments Drive Trust: Argentine bettors prefer authorized platforms with visible responsible gambling tools, clear warnings, bet.ar domains, and familiar payment options;
  • Football Dominates Betting Activity: It is the number one sport across any betting site (Argentina), followed by rugby, tennis, and basketball;
  • Profit and Entertainment Top Betting Motivations: Argentinians bet to win money, but they also value the experience and engagement.
  • Betting Is a Skill-Based Activity: Users invest time in pre-match research and expect transparent statistics, data, and analytical tools;
  • Macroeconomic Factors Push the iGaming Industry Growth: A gradually stabilizing economy, strong internet penetration, a predominantly urban and economically active population, and a socially accepted betting culture;
  • Localization Is Non-Negotiable: Argentine Spanish and local event coverage build credibility and player trust;
  • Payment Flexibility Is Critical: Argentinians expect cards, bank transfers, major digital wallets (Mercado Pago, MODO, Ualá, Cuenta DNI, Naranja X), cash networks (Rapipago, Pago Fácil), and crypto (Bitcoin, Ethereum, USDT);
  • Sportsbook Attracts Users; Casino Balances Revenue: While the sportsbook is often the acquisition tool, the casino stabilizes revenue, making a two-vertical platform a perfect choice to start a betting company in Argentina.

One Market, 24 Rulebooks

The first thing you need to understand is that Argentina’s online betting market is regulated, but fragmented. National rules establish AML requirements, data protection, advertising limits, indirect taxes, and the mandatory use of the .bet.ar domain. Everything else happens at the provincial level. Each of the 23 provinces and the City of Buenos Aires licenses and supervises operators independently. 

Costs, timeframes, and compliance obligations vary by jurisdiction. This structure directly affects market entry and scaling. To operate legally in multiple provinces, you need a separate license for each one.

ProvinceRegulatorOnline BettingCovered Betting Activities
City of Buenos Aires (CABA)LOTBA S.E. Regulated

Resolution No. 321/2018

  • Sports betting
  • Non-sports event betting
  • Virtual games betting
  • Mutual betting, regardless of whether skill or chance predominates, and regardless of the technology used
Province of Buenos AiresIPLyC Regulated

Law No. 15,079/2018 

  • Sports and non-sports betting
  • Horse racing betting
  • Virtual games betting (excluding lottery)

*Betting through third parties and on political events is prohibited

CatamarcaCaja de Crédito y Prestaciones Provincial de CatamarcaRegulated

Law No. 4,217/2020 

  • All betting activities carried out in the province, including those through remote IT platforms
ChubutIAS Regulated

Law I No. 799/2024

  • Sports betting, conducted only through electronic/IT/telematic/interactive means
CórdobaLotería de la Provincia de Córdoba S.E. Regulated

 

Law No. 10,793/2021

  • Sports betting
CorrientesILCCRegulated

Resolution No. 615/2020

  • Bets on real events (sports and non-sports)

*Betting on political events is prohibited

FormosaIASRegulated

Law No. 1,348/2000 

(modified in 2024)

  • Horse racing betting
  • Sports pools
JujuyInProJuyRegulated

Law No. 6,234/2021  

  • Sports betting
La PampaDAFAS Regulated

Law No. 2,974/2016

  • Mutual betting
La RiojaAJALaRRegulated

Law No. 10,743/2024

  • Sports betting and predictions 
  • Horse racing betting
MendozaIPJyCRegulated

Law No. 9,267/2020

  • Betting
MisionesIPLyC S.ERegulated

Law I No. 113/2019

  • Mutual betting
  • Horse racing betting
San JuanCaja de Acción SocialRegulated

Law No. 2,724-P/2024

  • Betting in a broad sense via digital/electronic/telematic means
Santa FeCaja de Asistencia Social/Lotería de Santa FeRegulated

Law No. 14,235/2023,

Resolution No. 522/2025

  • Sports betting/forecasting, offered through digital/electronic/telematic platforms
  • Bets on non-sporting events (e.g., award shows, political results), organized by third parties, with uncertain outcomes
  • Pool betting
  • Exchange betting (P2P)
  • Live, pre-match betting
  • Single, multiple, fixed odds bets

*Bets on injuries are prohibited

*Horse racing bets are regulated separately

ChacoLotería ChaqueñaNot explicitly regulated
Entre RíosIAFAS
NeuquénIPJA
Río NegroLotería para Obras de Acción Social
SaltaENREJA
San LuisCaja Social y Financiera 
Santa CruzLOAS
Tierra del FuegoIRPA
TucumánCaja Popular de Ahorros de la Provincia
Santiago del EsteroIllegal

Law No. 6,604/2003

💡 Check this article to get a full view of Argentina’s gambling regulation. 

On the bettor side, regulation matters as well. Argentine users tend to choose authorized platforms with visible warning signs, responsible gambling tools, and .bet.ar domains. Local regulators support these preferences. Nineteen provinces have already rolled out dedicated RG frameworks and blocked hundreds of illegal betting platforms.

Betting Beyond Football

In Argentina, football is more than just a popular sport. It’s a cultural identity or, better say, religion. Yes, horse racing built the betting habit, but football turned it into a national ritual. 

Now, the Superclásico matches, rugby with Los Pumas, ATP tennis tournament in Buenos Aires, basketball, cycling, and polo—all attract steady betting interest. What’s important, these are cultural, not trend-driven, patterns.

And here are some numbers. Argentina’s total gambling market is currently estimated at around USD 6.4 billion and is expected to reach USD 7.4 billion by 2030. Casino takes the biggest slice, but sports betting is gaining traction. According to El Economista, at the end of 2025, Argentina had approximately 4.6 million active online bettors, generating roughly USD 1.57 billion in revenue. And this segment is projected to reach around USD 1.44 billion by 2030.

For operators, the takeaway is simple: a stable revenue flow in Argentina requires a balance of sportsbook and casino products in the portfolio.

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Behavioral Insights

Bettors often discover platforms through social media ads, influencers, or word of mouth. Research by ALEA shows that while 43% are comfortable with occasional betting. At the same time, trust in digital is still fragile. 23% view online betting as risky and struggle to distinguish between legal and illegal platforms, which makes land-based venues still attractive.

Source: ALEA
Source: ALEA

Interestingly, the economic challenges (more on that later) have also influenced betting habits and leisure activities in Argentina. With inflation and currency volatility, some bettors view online sports betting as both entertainment and a means to earn extra income. User expectations are rising fast. Live betting, real-time stats, smooth onboarding, and familiar payments are now the baseline. 

Source: U-Report
Source: U-Report

According to the survey by Playtech, 64% of active Argentine bettors place at least one wager per week. Men are more active and spend more: 69% bet weekly, and 75% spend over USD 8 (~ARS 11k) per month. Among women, 59% bet weekly, but only 49% exceed that amount. Just 2% report never having won a bet.

Source: Playtech
Source: Playtech

Many Argentine users treat betting as a skill-based activity rather than a matter of pure chance, investing time in pre-match analysis and live data before placing their wagers. When they win, the money often goes straight into savings or everyday expenses, like groceries, bills, and other daily purchases.

From Betting Culture to Regional Overview

According to economic reports, Argentina is showing clear signs of recovery. GDP growth forecasts are projected to be in the 3.5%–4.5% range, driven by agricultural exports, renewable energy, manufacturing, and high-tech services, and reinforced by the IMF and the World Bank stabilization efforts. Inflation is cooling from previous years, but it remains at a two-digit rate.

Source: Trading Economics
Source: Trading Economics

Argentina’s clearest progress shows up in its fiscal numbers. After years of chronic deficits, 2024 delivered a primary and financial surplus of 0.3% of GDP for the first time since 2006. For Argentina, that’s not a minor improvement. It’s a signal that the rules of the game are being rewritten. The 2026 budget direction keeps that trend, with a projected primary surplus of ~1.5%. If growth holds and Argentina regains access to international capital for refinancing, the debt pressure may decrease.

Source: Statista, Deloitte
Source: Statista, Deloitte

At the same time, unemployment is rising from recent lows due to ongoing reforms. That’s a common short-term effect of economic restructuring, but it can impact consumer confidence and spending. Add to this inequality (GINI ~42.4), high interest rates (~29%), and a 35% corporate tax rate, and you get a risky but promising market that demands a cautious strategy.

Demographic Specifics 

Argentina rewards operators who get the local specifics. The country is a federal presidential republic, with power split across 23 provinces and the Autonomous City of Buenos Aires. As I mentioned earlier, this affects iGaming legislation and licensing. 

With 46 million people, Argentina is the fourth-largest market in Latin America. It’s also highly urbanized. Approximately 96% of the population resides in cities such as Buenos Aires, Córdoba, Rosario, Mendoza, and La Plata, which serve as the key economic and cultural hubs. 

The demographic profile is favorable. Two-thirds of Argentinians fall into the 15–64 working-age range, with a median age of 32.9. This is a large, economically active audience. The gender distribution is nearly even (50.4% female, 49.6% male), which opens broad targeting options across sportsbook and casino products. 

Work patterns shape bettor behavior. Many Argentinians work Monday through Friday, often including Saturdays. Leisure peaks tend to hit Saturday evenings and Sundays, which is prime time for betting activity and promotional pushes. The average net monthly salary is approximately USD 583.

One more practical insight: the entire country operates on a single time zone, ART (UTC−3), with no daylight saving time. That simplifies marketing, campaign timing, and live betting operations.

Speaking the Bettor’s Language

Spanish dominates the country, and gambling rules require its use within betting platforms, customer support, and ads. However, Argentine Spanish is distinct. It’s more emotional, more melodic, and heavily influenced by Italian rhythm. Using “neutral” or Spain-style Spanish in a sportsbook instantly feels foreign and weakens trust.

Localization here must go far beyond translation. Argentine bettors prefer a more informal tone. They respond to direct and friendly phrasing. Messages like “Cuánto ganás,” “Cuánto te queda,” and “Cuándo cobrás” work better than polished copy.

Superstition is a part of betting talk. Expressions like “no mufar” (don’t jinx it), “está cantado” (it’s a sure thing), or “me dio mala espina” (bad feeling) look natural in promos and live betting chats. Core betting terms are local too: “polla” (pool bet), “quiniela” (numbers lottery), “turf” (horse racing), “boleta” (bet slip), and “plata” (money).

Pronunciation also affects voice-overs and ads. The most distinctive trait is pronouncing “ll” and “y” with a soft “sh” sound, so “polla” often comes out as “pó-sha.”

Grammar matters even more. Argentina stands out for “voceo”, i.e., replacing “tú” with  “vos.” Some vivid examples are “Vos jugás” and “Vos apostás.” Addressing bettors with “tú” in UI text, ads, or push notifications creates friction and reduces credibility.

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Argentina’s Digital Advantage 

Argentina stands out as one of Latin America’s most digitally mature markets. With an internet penetration rate reaching 98% and active smartphone use even among older generations, Argentina has evolved into a truly mobile-first society. We can also trace this trend across web traffic: 63% comes from smartphones and only 36% from desktops. 

Last year, the country had 64.7 million mobile connections, accounting for approximately 141% of the population. These figures indicate that many Argentinians have more than one SIM or eSIM for personal and work use. According to the GSMA report, most of these connections are broadband (3G or 4G) with a median fixed internet download speed of 92.62 Mbps. 

Source: GSMA Intelligence
Source: GSMA Intelligence

Argentina’s 43 million internet users spend an average of 4 hours and 24 minutes daily on social media. Platforms like Instagram, YouTube, TikTok, and WhatsApp prevail, reaching over 70% of the population. Additionally, 85% of adults (aged 18 and above) are active social media users, making the platforms ideal for targeted engagement and marketing.

Compared to other Latin American countries, Argentina ranks among the top three internet markets. Despite its vast geography, the country maintains a relatively balanced internet penetration rate throughout its territory, which contributes to the further growth of online sports betting in Argentina. 

Payment Preferences That Shape Platform Choice

Beyond fair play, Argentinians care about how they pay. It’s often the second-biggest driver of platform choice. In Argentina, betting is paired with a diverse payment landscape, and operators must adapt to it.

Source: Playtech
Source: Playtech

Cards and bank transfers still matter, but digital wallets run daily spending. Over 75% of adults use at least one wallet, with Mercado Pago, MODO, Ualá, Cuenta DNI, and Naranja X being the most commonly used options. Bettors prefer to fund their wallets directly from their bank accounts in pesos to avoid currency conversion fees. 

Cash isn’t going anywhere either. Rapipago and Pago Fácil remain essential, especially outside major cities, as they bridge the gap for cash-based users.

Crypto adds another payment layer. Bitcoin, Ethereum, and USDT are widely used as an inflation hedge. They attract bettors, but still sit in a partially regulated lane.

Source: Triple-A
Source: Triple-A

Argentine legislation also shapes the iGaming payments. Provinces such as Chubut and Mendoza explicitly require methods approved by the Central Bank of Argentina, including instant transfers via DEBIN, checks, debit cards, and cash. 

The Bottom Line

When I look at Argentina, I see a high-potential, high-volatility market that rewards operators who plan carefully, respect the audience, and diversify risk. And the good news is that the betting market there still has room for such players.

If you’re ready to navigate provincial regulations, invest in true localization, speak to Argentinians in their language and tone, and guide them through the platform (not just sell to them), you have a good chance of winning their trust and building a sustainable brand.

ARGENTINA IS COMPLEX. YOUR SPORTSBOOK DOESN’T HAVE TO BE.

Simplify the launch with a platform powered by 25k+ daily sports events, local payments, AI, RAF, and CRM.

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FAQ

Is online sports betting legal in Argentina?

Yes, in Argentina, betting regulation is gradually developing, but it’s not “one-license-fits-all”. Legislation is spread across national rules and province-by-province laws across 23 provinces and the City of Buenos Aires.

As of 2026, 14 jurisdictions have established solid online betting regimes with clear licensing paths, defined taxes, technical oversight, and responsible gaming programs. Another nine provinces permit online activity, but on a case-by-case basis rather than through a single legal framework. The only exception is Santiago del Estero, which explicitly bans online betting.

How does the sports betting market work in Argentina?

The online sports betting market in Argentina is still shaping up. While rules on AML controls, data protection, advertising limits, indirect taxes, and the use of the .bet.ar domain are established at the national level, each of the 23 provinces and the City of Buenos Aires regulates sports betting independently. To start a legal sportsbook in Argentina, you must obtain a license in every province where you plan to operate.

Buenos Aires Province and City, Chubut, Córdoba, Corrientes, Formosa, Mendoza, San Juan, Santa Fe, Catamarca, Jujuy, La Pampa, and La Rioja already have structured licensing and control frameworks in place. Chaco, Entre Ríos, Neuquén, Río Negro, San Luis, Santa Cruz, Tierra del Fuego, Tucumán, and Salta define betting scope through existing authorities but without detailed rulebooks, relying on individual approvals. Santiago del Estero considers online betting illegal.

What licenses are required to open a sportsbook in Argentina?

To run a sports betting company in Argentina, you need to understand that everything depends on the province you operate in, and one province equals one license. Key obligations, such as AML/CFT, data protection, advertising rules, indirect taxes, and the allowed domain, are set nationally. Still, exact licensing procedures and terms are covered at the provincial level.

Fourteen jurisdictions run clear frameworks with defined application paths, including Buenos Aires Province and City, Córdoba, Mendoza, Santa Fe, and Chubut. The other nine, such as Chaco, Salta, or Santa Cruz, do not explicitly regulate online betting, but issue licenses through individual negotiations. Santiago del Estero forbids any gambling activity.

What sports are most popular for betting in Argentina?

In Argentina, sports betting is driven by football, which tops the preferences and dominates volume. Primera División drives year-round action, with the Superclásico between Boca Juniors and River Plate triggering peak betting spikes. Horse racing has shaped local betting habits for decades, from racetracks to lottery shops. Beyond that, rugby matches featuring Los Pumas, ATP Buenos Aires tennis, basketball, cycling, and polo all attract steady interest. Informal betting pools, known locally as “pollas”, remain popular around major football tournaments.

What do I need to start a sportsbook in Argentina?

To start an online sportsbook in Argentina, you’ll need a mobile-first platform, aligned with regulations, powered with cash-based, digital, and crypto payment gateways, and protected against fraud. The right team is also essential. A white-label setup requires an operational lead, a CRM lead, and a small local marketing team, while a turnkey setup also demands payments, CRM, risk management, and Spanish-speaking support. Building in-house means a fully-fledged tech, compliance, operations, and trading team.

On top of that, a provincial license is required if you choose turnkey or self-built, as well as a marketing entry budget of USD 50k–100k to gain early traction.

What are the main challenges when starting a sportsbook in Argentina?

Starting a sports betting business in Argentina presents several challenges. First, there’s no single national license. Regulation is provincial, and enforcement is fierce, with hundreds of illegal sites getting blocked every half-year. Second, responsible gambling is taken seriously in 19 provinces. Players expect limits, alerts, age controls, and visible protection tools, backed by strict provincial rules, and operators must deliver them.

Besides, since the online betting market is still shaping, bettors need guidance. Products must be intuitive, stats-driven, and come with tips. And last but not least. A mobile-first audience has slower connections and requires a fast-loading UI, while a sportsbook needs to support cash, wallets, cards, and cryptocurrency deposits.

What features should an Argentinian sportsbook platform include?

Here’s the functionality Argentinian sportsbooks must cover:
- Compliance and responsible-gaming tools, paired with identity checks, limits, and self-exclusion mechanisms;
- Familiar payment gateways, such as Rapipago, Pago Fácil, cards, digital wallets (Mercado Pago), and crypto (BTC, ETH, USDT, etc.);
- Mobile-first and lightweight frontend;
- Rich and localized content portfolio in Argentine Spanish, including horse racing, football, rugby, tennis, basketball, polo, cycling, plus virtual sports;
- Pre-match and live betting functionality, especially sports pools (“pollas”);
- Bet builder;
- Cashout;
- Statistics & Analytics widgets;
- Bonus-driven CRM;
- Anti-fraud module;
- AI for UX personalization.

Can I buy a turnkey sportsbook solution for Argentina?

Yes, you can become a bookie in Argentina with a turnkey sportsbook. It fits operators who know their audience and want brand control. With this model, the provider builds the platform to your vision, while you secure the provincial license and run the business.

When it comes to platform functionality, the right partner provides compliance and responsible gaming tools aligned with Argentine regulations, including local payment options, digital, cash-based, and crypto, as well as a mobile-first frontend. The end product features diverse and local content, as well as live and pre-match betting, sports pools, Bet builder, cashout, statistics, a bonus-rich CRM, and RAF protection.

Can I integrate casino games into my sportsbook platform?

Yes, you can, and it’s a wise strategy for the LATAM market. In Argentina, betting performs best when it runs alongside casino games. Local players have strong casino habits, and operators who offer both verticals see higher engagement and steadier revenue. That’s why many sportsbooks launch with betting first and add a casino once the brand gains traction.

The key is choosing a platform that supports this path from day one. Solutions like Hyper Turnkey by GR8 Tech let you start with a sportsbook and add a casino layer later, without rebuilding your tech stack or operations. It’s a flexible way to scale, match local preferences, and maximize LTV as your business grows.

What payment methods are popular among Argentinian bettors?

In Argentina, cash still matters. Rapipago and Pago Fácil are widely used, especially beyond major cities. Digital payments are growing fast. Debit and credit cards, digital wallets, QR payments, and instant transfers dominate Argentina’s betting market. Local payment habits mirror a high-volatility economy and a very pragmatic betting culture.

On the legal side, regulators rely on BCRA-approved methods, such as DEBIN bank transfers, ECHEQ, cash, and cards. Crypto also plays a visible role. Bitcoin, Ethereum, and USDT are popular choices, despite being outside the Central Bank’s approved payment framework.

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