TLDR Argentine National Deputy Natalia Zaracho introduced a bill creating a “Club Card” funding program for neighborhood sports clubs. The program would be financed mainly through new taxes on online sports betting. The base tax rate on betting deposits would be set at 10%. Foreign operators could face rates as high as 30% if based in tax havens. The bill still needs to pass through Argentina’s Congress before becoming law. Bill Aims to Link Betting Revenue to Community Sports
Argentine lawmaker Natalia Zaracho has introduced a new bill in the country’s Congress. The proposal would create a program called the “Club Card.”
This program would give monthly financial support to neighborhood sports clubs across Argentina. The money would come mainly from taxes on online sports betting.
Clubs would use the funds to cover costs like facility maintenance, equipment, and general operations. The bill is meant to support community sports groups that often struggle with funding.
A national sports body would decide how the money gets distributed. Officials would look at each club’s size, location, and community role when deciding on funding levels.
The plan comes as Argentina continues shaping its rules around online betting. Regulators are still working out how the industry should operate and be taxed nationwide.
How the Tax Rates Would Work
Under the bill, online betting operators would pay a base tax of 10% on the net value of user deposits. This tax would become the main funding source for the Club Card program.
Companies that invest directly in Argentina could qualify for a lower rate of 5%. Half of that amount would need to be paid under the terms described in the bill.
If a foreign entity is involved in the betting activity, the rate would rise to 20%. That number climbs even