Mexico is well-known as a very popular tourist destination for people who like a warm climate, sandy beaches, and rich history. Stone tools that were found here are said to date back 10,000 years and agricultural villages date back to 5,000 BC. Today, there are roughly 120 million people living here and close to 26 million tourists visited in 2015. Aside from taking in the scenery and enjoying the culture, Mexicans and tourists also like to gamble here. With over 40 casinos and other land-based establishments such as sportsbooks and bingo halls, there are plenty of options for gamblers of all stripes to find action here.
Gambling in Mexico is legal and the Gambling and Raffles Bureau oversees licensing and regulatory enforcement. Online gambling is currently unregulated but this is expected to change in the very near future. It has been estimated that these changes to the Mexican gambling laws will produce at least $200 million in tax revenues. This long overdue updating is also expected to result in some much-needed jobs. Until these new internet gaming laws are put into place, people in Mexico are legally free to participate in online gaming at foreign sites.
Top 10 Gambling Sites for Mexico
What are the Best Gambling Sites and Promotions for Mexico?
Mexican online casino players have a great selection of top-rated online gaming sites to choose from. Many of the most respected brands in online gaming cater to Mexican customers and they also offer many bonuses that are simple to claim. Although these sites are not yet licensed and regulated in Mexico, they operate to the highest industry standards. Mexican online casino participants know that they can trust LSBet, Intertops and Casino Mate to provide them with a fair and secure internet gaming experience. They also might want to know that they can get $100 in casino bonuses at those sites too. WhiteBet and BetMotion are also big players in the online gambling industry and they are offering €100 in free casino bonuses. Many Mexicans enjoy the wide range of games and the €200 casino betting bonuses at Bwin and Carnival Casino while the €300 bonus packages from 10Bet are a hit as well.
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How Regulated is the Mexican Gambling Market?
Regulation of the Mexican gambling market is a work in progress but imminent changes to Mexican gambling laws are expected to be a major step forward. As it stands, land-based gaming operations and lotteries are regulated but the internet betting market is not. Mexican online gamblers may legally place bets with foreign online sites but it is unclear how the introduction of Mexico’s proposed internet gambling laws will change the current arrangement.
Is Gambling Legal in Mexico? What is the Legal Gambling Age?
Gambling is legal in Mexico and there are numerous brick and mortar casinos, sportsbooks, bingo halls, and other such establishments throughout the country. Mexico is also one of a few countries in which blood sports like cockfighting and bullfighting are legal. The legal gambling age is 18 although enforcement of age limits here leaves a bit to be desired.
Does Mexico Tax Gambling Winnings?
Some Mexican states apply a small tax on gambling winnings that is withheld at the source. Gambling establishments pay approximately 29% of their income to the taxman. It is unknown what effect the incoming gambling legislation will have on the tax structure.
What Currencies and Payment Methods do Mexican Players Generally Use?
The official currency of Mexico is the Peso and it is accepted throughout the country although the American dollar is also widely accepted. Mexican online gamers that are making financial transactions have several options at their disposal. Major credit cards like Visa, Mastercard, and Maestro are accepted at the vast majority of gaming sites as are eWallets like Skrill and Neteller. Prepaid options like Todito and MercadoPago are also accepted at many sites. Check with your preferred online betting site to find out the best option for you.