Legal New Mexico Sports Betting
Legal New Mexico sports betting debuted on October 16, 2018, making NM the sixth state to offer legal brick-and-mortar sports wagering to the public. However, the way New Mexico went about getting its sportsbooks up and running is different from how most states regulated their industry. New Mexico tribes came up with a plan dealing with tribal gaming compacts and tribal exclusivity deals rather than legislative efforts. After a few unchallenged months of operation at the Santa Ana Star Casino Hotel, the Pojoaque Pueblo tribe jumped on board and opened their own sportsbook. There are several legal New Mexico sports betting sites to choose from as well. Find robust wagering options and NM sportsbook bonuses that no land-based book is likely to match.
Most New Mexico legal sports betting fans s chose Bovada because the popular sports betting operator offers a lot of winning potential. Bovada’s wide selection of odds, betting lines, wager types, and multiple sporting leagues allows New Mexico sports betting fans to cash in big. New Mexico has not launched any regulated online sportsbooks as of yet, so Bovda is able to legally provide great odds on the go in New Mexico. There is never a shortage of action; even during the offseason, there are futures bets available. All year long Bovada is offering sports betting fans in the Land of Enchantment many ways to play and win big.
- Legal online sports betting
- Great odds all year
- Multiple league options
- Bonuses galore
- Offseason betting lines
New Mexico Sports Betting And Gambling Laws
The Gaming Control Act of 1978 defines all of the current New Mexico sports betting and gambling laws. Naturally, given its date of origin, there is no mention of “online” or “Internet” gambling. Still, the state legislature could have added that at any time, though they’ve so far chosen not to. Thus, there is literally nothing in the law to prevent NM residents from using these means to access offshore sportsbooks.
Sports Betting Legislation For New Mexico In 2021
New Mexico already has a legal sports betting industry but that doesn’t mean that the market isn’t looking to expand in 2021. With NM House Bill 101, New Mexico is hoping to add sportsbooks to the racinos in the state. With horse racing and casino games already taking place at these locations, it would be a natural extension to include sports wagers for patrons to participate in as well. The New Mexico Legislature has not decided on NM HB 101 but whether it is passed before the session adjourns in late March makes no difference to residents of New Mexico. Having access to legal sports betting in NM already, House Bill 101 would only create more land-based areas with it.
Where Are Sportsbooks That Accept NM Residents?
There are now four operating tribal casino sportsbooks in New Mexico. Two are located in Albuquerque, one is located in Santa Fe, and another is located in Mescalero, roughly 40 minutes west of Roswell. There are also several casinos in Las Cruces, but none have adopted sports betting yet. Most of New Mexico’s population lives in the center of the state in either Albuquerque or Santa Fe, so the current distribution of sportsbooks ensures convenience for most of the state’s residents.
|Albuquerque New Mexico Sportsbooks|
The Santa Ana Star was the first sportsbook to launch in New Mexico. It offers bets on college football, the NFL, NBA, MLB and more, as well as great rewards for loyalty program members. Santa Ana prides itself on its hospitality and invites players to interact with and bond with its employees.
Isleta Resort & Casino
The Isleta Resort is New Mexico’s newest sportsbook, located at a beautiful property in Albuquerque. The sportsbook itself is centralized at a lounge and bar with cocktails, draft beer, big-screen TVs, and betting kiosks.
|Mescalero New Mexico Sportsbooks|
The Sportsbook at the Inn runs on William Hill’s world-famous sports betting infrastructure, the first casino sportsbook in the state to do so. The casino maintains a high-energy atmosphere and prides itself on its top-notch customer service.
|Santa Fe New Mexico Sportsbooks|
The Thunder Race and Sportsbook offers betting on college and professional sports as well as horse and dog racing. It also features a full-service bar area with high-definition TV. The sportsbook at Buffalo Thunder is located just 15 minutes north of Santa Fe.
What Teams Can I Bet On?
With legal sports betting in New Mexico, every team, franchise, player, and athlete are able to be wagered on. While New Mexico does not have that strong sports presence that states like Texas or California have, sports bettors in New Mexico are still major fans of close teams. New Mexico does have notable collegiate teams that garner a lot of betting attention at mobile sportsbooks, however. No matter what you wish to wager on, you will be able to easily find betting lines for sports betting teams in New Mexico. Any team that is close to New Mexico, or teams on the other side of the country, can be found and wagered on at legal sportsbooks.
|New Mexico Lobos (University of New Mexico)||New Mexico State Aggies (New Mexico State University)||Dallas Cowboys (NFL)|
|Texas Rangers (MLB)||Denver Nuggets (NBA)||Colorado Avalanche (NHL)|
Betting On NFL Games In New Mexico
Sports wagering operators like Bovada, BetOnline, MyBookie, SportsBetting, and XBet accept players from New Mexico and are legal, safe, and convenient because even though they are websites, they can be accessed by any mobile device with internet capabilities. Each one of these outlets will cover the entire 2021 NFL betting schedule of games with a large number of wagers for each game from the moneyline to props. The odds here are typically better in terms of the payout possibilities because they are based on pure data and statistics. When it comes to betting on the NFL in NM, sportsbooks like Bovada are the way to go.
New Mexico Sports Betting Revenue
New Mexico offers legal sports gambling but only at a limited number of tribal casinos, which are not required by law to publicly disclose their finances. Considering that there are only two licensed sportsbooks in the state, it is safe to assume that the numbers for revenue, handle and tax collections are all low. We can still do a thought experiment of what New Mexico’s sports betting industry would look like if it expanded throughout the state. Using New Mexico’s 26% gaming tax and national per capita averages, a full statewide sports betting industry could generate $313.5 million for a betting handle, $21.6 million in revenue, and $5.6 million in taxes annually.
Horse Racing Betting In New Mexico
New Mexico actually has a comparatively robust, thriving horse racing industry, and the state is home to Ruidoso Downs, one of the oldest racetracks in America. As such, horse racing betting in New Mexico is something of an old tradition. In fact, Ruidoso Downs, opened in the 1940s, is the only US track that offers an oval Thoroughbred track and a separate Quarter Horse straightaway. Further, it is the site of several Grade I Thoroughbred races and hosts the last leg of the American Quarter Horse Triple Crown, the All American Futurity.
Simulcast wagering was introduced in New Mexico in 1989, and ten years later, slot machines were legally allowed at the venues, turning all NM tracks into bona fide racino facilities. Sunray Park & Casino in Farmington, NM, and Sunland Park Racetrack & Casino in Sunland Park, NM, are two of the other top venues in the state.
Daily Fantasy Sports In New Mexico
DFS, or Daily Fantasy Sports in New Mexico, is not technically legal, as there are no explicit laws formally declaring such to be the case. However, all major DFS operators – including DraftKings and FanDuel – do business in the state, and there has been no indication that this will change anytime soon. While many states currently have legislation to officially recognize DFS as a lawful practice, New Mexico is not on that list. However, the state could introduce any such bills at any time in the future.
Legal New Mexico Sports Betting FAQ’s
Can I Bet Real Money In New Mexico?
Real money sports betting in New Mexico is primarily held in retail establishments but there are other options. There are also online sports gaming operations that are legally available to residents of New Mexico wanting to lay some real money down on games all over the globe.
Is Online Sports Betting Safe In New Mexico?
Is ordering gifts off the internet safe? The same applies for gambling on sports online as platforms implement the same security software for New Mexico sports bettors. This is true as long as the sites you are using are regulated in the U.S. or overseas.
What Is The Legal Sports Betting Age In New Mexico?
New Mexico asks that all gamblers wagering at sportsbooks in the area be 21+. Internet sportsbooks have a different age, allowing 18+ gamblers to join their websites. However, it is encouraged to go by the laws of New Mexico and wait until you are 21+ to wager on sports with internet sources.
Where Is The Best Place To Bet On Sports In New Mexico?
There are four land-based casino locations in New Mexico for sports bettors to go and wager on some healthy competition. No state-run mobile applications for sportsbooks exist but legal online sports betting platforms in Bovada, BetOnline and others can be used with any smartphone from anywhere, 24/7, making this option the best because they are the most convenient.
Should I Use A Neighborhood Bookie In New Mexico?
No, neighborhood bookies should not be used in New Mexico because that’s taking a gamble on a gamble. There is no telling if these bookies will be honorable because they have no reason to be as they are not licensed or regulated in New Mexico to accept bets on sports. Retail and internet sports wagers are the only way to go in New Mexico, forget using the local bookie.