Can you play casino games in Argentina using cryptocurrencies? What are the best games and bonuses. Find out in our AR crypto gambling guide.
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In general, gambling is prohibited in the state of Argentina, unless explicitly authorized by a competent regulator. However, you can still gamble legally in some places within the country. The reason is that Argentina is a federal state divided into 23 provinces. Each province owns the authority to decide on its own gambling regulations.
While betting is socially acceptable in Argentina, the state has been very strict about preventing its potentially negative impacts. That is why, in 2016, legislators included gambling in the Argentine National Criminal Code. Following the ruling, provinces applied related provisions to their local legislation.
Shortly after this judiciary move, the competent authorities largely regulated and authorized land-based gambling. At present, residents and visitors of Argentina can legally enter establishments like brick-and-mortar casinos, horseracing tracks, betting shops, lottery ticket points of sale, and more.
While land-based casino state measures have somewhat evolved, online gambling has lagged in terms of legislation. The activities of Internet wagering operators were initially limited to areas with low populations. Nonetheless, thanks to popular demand and the penetration of modern technology, Internet wagering spread to larger cities. As a result, nowadays it is possible to bet online in certain Argentine provinces. Offshore online gambling is still prohibited, however.
Cryptocurrencies are very popular in Argentina. A recent survey has shown that the percentage of Argentinians who use crypto regularly is double that of the United States. According to the research, about one-third of the country’s population buy or sell coins at least once per month.
There is a very logical explanation for this phenomenon. Argentina has one of the most unstable economies in Latin America thanks to long years of government overspending. Because of the ever-changing international circumstances, prices are going up in the country. To compensate, the state bank is issuing more pesos. Instead of solving the problem, however, this approach creates higher inflation.
Another major reason for Argentina’s unusually high digital currency adoption rate is that the local government has made it hard for residents to buy foreign fiat currencies. This limits access to certain goods and services.
That is why more and more Argentinians are turning to cryptocurrencies. They view the local peso as extremely unstable, even to the degree where its volatility surpasses that of crypto coins. Bitcoin and its likes have literally transformed the locals’ lives. They have allowed for an increase in wealth and access to goods and services that would have otherwise been unavailable.
Despite the rigorous legislative restrictions, gambling has been a major part of social life in Argentina for centuries. It became very popular with the arrival of the Spanish colonialists.
Later on, when the country gained its independence, betting activities continued to flourish. Initially prevalent among men of arms, gambling spread to all layers of society. For some, it was a fun way to pass their free time and socialize, while others used it as means to get additional money or pay old debts.
In any case, the state of Argentina became increasingly aware of the potentially addictive nature of gambling and the negative effects connected to it. Little by little, the government tried to legalize betting activities. In 1895, a license was issued to the Lottery of Beneficence. In 1902, the state passed a law to prohibit illegal gambling.
Nonetheless, betting activities of all sorts flourished in Argentina. Turf was especially popular. Initially, it was a pastime distraction for the elite, but soon the masses took over, and up until the 1920s, the game enjoyed great interest. Later on, soccer bets caught up. La Quiniela, a sports-related game of chance is also well-liked in Argentina. More recently, different online gambling formats have become extremely popular, too.
Nowadays, Argentina is home to a vibrant community of gamblers. Most of the state provinces have regulated betting activities. Research shows that there are more than 550 land-based gambling establishments in the country and close to 100,000 slot machines. Gambling also brings a considerable stream of revenue to the government. Both operators and winning players are subjected to taxes.
Sports betting is also very popular in Argentina. It is one of the most socially accepted betting formats in a country that loves football. Online gambling is gaining traction because of the diversity of products and the availability of mobile devices.
When it comes to gambling, Argentinian players have quite diverse tastes. The different kinds of lotteries are extremely popular, partly because tickets are relatively inexpensive. Some of the most preferred lottery games include the National Quiniela, Cordoba Quiniela, Provincial Quiniela, Santa Fé Quiniela, and Santiago del Estero Quiniela.
Bingo is another prevalent game of chance in Argentina. Argentinians of all ages play it and regard it as a fun way to socialize. As we also mentioned, sports betting is very common in this Latin American country. Football wagers are by far the leader in this niche thanks to the sport’s tremendous popularity. Other prevalent sports betting markets include basketball, tennis, and horseracing.
Like most players, Argentinians too, find land-based casinos fascinating. There are hundreds of different caliber casinos across the provinces that have legalized them. Slot machines are by far the most popular games in Argentinian casinos.
In terms of table games, the residents prefer roulette, poker, blackjack, baccarat, and Punto Banco. That is why it is not surprising that online casinos in Argentina offer such products in abundance. Talking about online gambling, it has overtaken the country’s market during the past couple of years.
Argentina players are much like players worldwide when it comes to casino bonuses. After all, everybody is looking to find a deal that will give them more ways to play and win. Generally, Argentina players look for no deposit and no wager bonuses. This is a natural inclination because who would not love to play without paying and cash out their winnings fast?
As we already learned, players in Argentina are also very keen on slot machines. That is why they are looking for casino deals that would give them more free spins to enjoy their favorite games.
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