Last updated on: June 1st, 2022
Legal Sports Betting In Mexico
Legal sports betting in Mexico has been recognized since 2004. While it an illegal activity for some time, it was overlooked and seen as something that should be legalized because of its popularity. At the time, Secretary of State Santiago Creel signed off on sports betting licenses in such vast amounts that they exceeded the number of gaming licensed in the last 77 years’ combined. The legalization of sports betting in Mexico allowed for almost 200,000 citizens to gain employment. This also made Mexico an even bigger tourist attraction, boosting its tourism market for interested gamblers everywhere. Visitors could now not only enjoy the beautiful Mexican beaches but they could do so with a side of sports betting, as sportsbooks are typically located near resorts.
Before 2004, the Mexican government allowed for only a few operators of online gambling to be licensed; however, Mexicans were not allowed to use any internet sports betting site based out of the country. If there is anything that cannot be found at a sports betting lounge, citizens always have offshore sportsbooks to fall back on. Tourists can take part in wagering at the brick and mortar locations as well as place wagers through Mexican based online sportsbooks. They encourage foreigners to use their internet sports betting sites because their citizens are prohibited from doing so.
BetOnline is one of the best sportsbooks on the internet. They have plenty of bets for their members to participate in. All of the most popular sports in Mexico are offered in wager form with BetOnline. They have some of the greatest data and statistics for their customers to enjoy. With live in-game betting and a mobile platform, they have it all. BetOnline is one of the better offshore internet sports wagering sites when it comes to promotions.
They have a signup bonus match of 50% up to $1000 on initial deposits using the promo code BOL1000. Lifetime guarantee bonuses are offered to their members with each and every deposit they make for the duration of their membership. These rewards are a match of 25% up to $500 each time a deposit into your sportsbook account is made. The promo code to redeem this offer is LIFEBONUS.
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Mexico Sports Betting Markets
There are 10 cities in Mexico that had a population of over 1 million as of the 2010 census, but Mexico City is by far the largest, which makes it the country’s most lucrative sports betting market as well. The most popular sports to bet on in Mexico are soccer, horse and dog racing, boxing, and Jai Alai. Predictably, soccer is the king among Mexican bettors, especially during FIFA World Cup years. Mexico has been knocked out in the Round of 16 in seven consecutive World Cups, but the fact that they always seem to make it out of the Group Stage means that optimism remains eternally high. Besides the national team, the most popular soccer league in Mexico is Liga MX, which is home to seven clubs that are worth at least $100 million. Liga MX fans are rabid in their devotion to their local teams and bet accordingly.
Where Mexico Sports Betting Revenue Goes?
Sports betting revenue in Mexico comes to about $300 million USD annually in tax revenue, which is given to the Mexican government. Before 2004, this was all money that the country did not get to profit from due to the illegalities of sports wagering. Every year, this revenue is used as lawmakers see fit and changes with each passing year. There are no stipulations as to how and where the yearly revenue is dispersed but the extra income from the Mexico sports betting revenue stream has boosted the economy tremendously.
Legal Internet Sportsbooks That Accept Mexican Bettors
There are many internet sports betting websites that accept bettors from Mexico. When looking for a sportsbook online, it’s important to find ones that are licensed and regulated to operate in their home countries. The sports wagering websites that are some of the best for Mexican bettors include BetOnline Sportsbook and SportsBetting Sportsbook.
These sports betting websites offer their members numerous wagers to bet on. They feature mobile-optimized versions of their desktop sites so that they may be accessed with any mobile device that has internet capabilities. Not only do these sportsbooks have mobile betting, they also have live in-game betting for members to wager on matches while they are happening live. If you’re in Mexico, these sportsbooks are two of the best to join for all of your sports betting needs.
Mexico Legal Sports Betting FAQs
Will I Get Into Trouble Using An Offshore Sportsbook In Mexico?
No! Using offshore internet sports betting sites is legal in Mexico. There are no laws that prohibit Mexican citizens from joining these sportsbooks. In fact, the top two sites in the country for wagering on sporting events legally are BetOnline and SportsBetting. These are safe, legitimate choices that will never get any member in trouble for using them.
Can I Use A Mexican Sportsbook To Place Mobile Wagers?
Unless you’re a tourist, those that live in the country are prohibited by law to use any mobile sportsbooks based out of Mexico. All citizens must go to a sports betting facility in order to place legal wagers on sporting events. The country has over 100 places where locals can go and put money on their favorite sports matches.
As A Tourist, Can I Legally Bet Money On Sports In Mexico?
Tourists are legally allowed to wager on sports at local sportsbooks in Mexico. If you are in Mexico you have legal access to both the local sportsbooks as well as the mobile sportsbooks. Sports betting is actually a major tourism draw in Mexico and is encouraged. You will not be legally persecuted for betting on sports in Mexico with real money. The money used in sports betting will be filtered back into the country, which is what Mexico wants. Betting on sports in Mexico is very much legal and encouraged.
Are All Sports Legal To Bet On In Mexico?
There are no legal documents stating that any sport is off-limits for the purposes of sports betting in Mexico. The country has a ton of different sporting events that are all open to the public for wagers. The only glitch is having to be at a brick and mortar venue in order to place these bets. Other than that, all sports are legal for betting.
How Old Do You Have To Be To Wager In Mexico?
Bettors must be at least 18 years of age to legally wager in Mexico. This is also the age that most offshore internet sportsbooks require for members to join.
What Currencies Are Accepted In Mexico?
Bettors in Mexico can use both USD and MXN currency for wagering on sports. This means the American dollar and the Mexican peso are the two types of currency that are accepted by sportsbooks.
What Deposit and Withdrawl Methods are Available in Mexico?
Most American methods of payment will work when depositing in Mexico including MasterCard, Visa, and American Express. When it comes to withdrawing, many use bank transfers or check by courier because there are not many methods available.
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