BASIC MARKET INDICATORS
Below is an overview of some key details re: the Argentinian market according to the World Bank Ranking to better understand this country.
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GDP (2022) – US$631,13bn (Argentina ranks 22 in the World Bank GDP Ranking 2022 between Poland and Norway).
u GDP per capita (2022) – US$13,650. u
Te population is 46,2 million people.
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Internet penetration stood at 87,2 per cent in 2023.
REGULATORY OVERVIEW
Te gambling market in Argentina is governed by both national legislation and separate regulations in each province. Te country comprises 23 provinces and the autonomous city of Buenos Aires, with only a few, including Buenos Aires Province and the city of Buenos Aires, having legalised online gambling. Each province has its own government body responsible for its internal policy, judicial system, and legislation, independent of the national government. Buenos Aires Province is the largest in Argentina, with an estimated population of 17.7 million.
Terefore, this report will give an overview of the Buenos Aires Province gambling market and its regulations.
Te following gambling verticals are regulated in Buenos Aires Province, Argentina:
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Land-based casinos – tender process and half-monopoly of regulator IPLyC.
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Land-based sports betting – tender process, whereas only racing can be organised, namely the equestrian activity.
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Slot machines– tender process, can be organised both in casinos and gaming halls.
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Land-based lottery – full monopoly of the regulator IPLyC.
Online gambling – tender process (all seven licenses were granted in 2020).
Buenos Aires Province is one of the few Argentinian provinces which legalised online gambling – though, no licenses are currently available due to the ended tender process. Seven
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licenses were granted in 2020 and will be valid for 15 years, if not prolonged later. Terms for obtaining online gambling licenses were as follows: the application fee to participate in the tender process was ~ US$6,000 as of 2024, and the license fee itself was ~US$72,000 as of 2024, payable in three instalments. Tax burden outlined the (1) 15 per cent GGR as specific tax for online gambling, (2) eight per cent GGR as general tax for gambling services, and (3) two per cent GGR as tax on administrative fees.
Tere were also minimum financial requirements, including mandatory capital in amount of ~ US$55,400 and annual revenue of ~US$ 277,000, with additional net worth of ~ US$110,000 for foreign companies.
As for the other verticals, casinos fall under state monopoly only partly, since the IPLyC also authorised to license the operation of these venues to third parties. Tough, no other casino operators except for the Provincial Institute of Lotteries and
Buenos Aires has embraced a more open approach, welcoming licenses from both local and international operators, the province has restricted the availability of licenses to seven and imposed a 15-year licensing term, following the ended tender in 2019.
In Buenos Aires Province, traditional land-based gambling remains the most popular, with a substantial number of gaming halls, known locally as bingo halls, dispersed throughout the region. Tese gaming halls, unlike equestrian betting or casinos, have relatively easier access to licensing, reflecting the province's longstanding gambling habits and preferences.
As for other Argentinian provinces, they mostly monopolise online gambling through state lottery or casino monopolies, such as in the provinces of Chubut, Rio Negro, and Santa Cruz. In some provinces, online gambling is either entirely prohibited or remains unregulated, as seen in the province of Entre Rios. Recent developments have introduced both
Te province of Buenos Aires holds significant potential for the development of the gambling
industry. Te province and the city of Buenos Aires have implemented comprehensive regulations and legalised most forms of gambling.
Casinos exist in the market. All other verticals are also granted via tender process, whereas price, terms and other conditions are decided by the state on a case-by-case basis.
INSIGHTS – THOUGHTS
Te province of Buenos Aires holds significant potential for the development of the gambling industry. Due to the fragmented regulatory framework in Argentina, established as a federation, the province and the city of Buenos Aires have implemented comprehensive regulations and legalised most forms of gambling.
However, despite these advancements, the Buenos Aires province lags behind the city in regulatory flexibility. While the city of
positive and uncertain changes. At the end of April, the province of Santa Fe published new regulations for online gambling, initiating a future tender process for issuing licences. Additionally, in early March, Argentina revised its anti-money laundering (AML) regulations, making them stricter and more comprehensive.
It remains uncertain which regulatory path Argentina and its provinces will take. Te question is whether they will continue to favor prohibition and monopolisation or move towards a more regulated approach to gambling. Te legalisation of online gambling marked a positive step for the Latin American gambling market, yet the province's cautious licensing approach contrasts with the more liberal stance of the city of Buenos Aires.
ARGENTINA (BUENOS AIRES) market report
first contact for expansion 4H Agency
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