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New Mexico – Online Casinos & Gambling Regulations
The border state of New Mexico was actually named so by Spanish colonists way before the country of Mexico became what we now know as today. The state and its largest city Albuquerque gained the spotlight in recent years thanks to the award-winning TV show Breaking Bad. While the show painted the region in an unsavory manner, the reality of it is that it has often been a visitor hotspot for those wishing to trek its mountainous boonies or visiting The Four Corners state lines. Unfortunately, gambling legislation still remains conservative and while the state has several land-based venues, online activities remain prohibited.
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More information about New Mexico – Online Casinos & Gambling Regulations
Online gambling is prohibited in the wonderfully nicknamed Land of Enchantment. Despite this, locals are still able to access licensed online casinos based abroad. While their licenses don’t grant them the authority to provide their services to New Mexican residents, the government does not have the capability of fully blocking access to them. As such, residents will still be able to find sites to play at, however, playing from a restricted market has an increased risk of coming into contact with illegitimate operations. You will also be unable to take any legal recourse, should any issue arise, which is why it’s extra important to remain vigilant should you be adamant about playing online.
- Is the casino licensed?
- What are the main policies of the licensing body?
- What do reviews say about the casino?
- Does the site offer any loyalty programs?
- Will you be able to use your preferred payment methods?
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Like many other states, New Mexico kickstarted its casino industry during the 1990s. This was as a result of the Indian Gaming Regulatory Act passed by Congress in 1988. This created a wave of land-based casinos across the country all of which operated by various Native American tribes. This has lead to 20 tribally run venues across New Mexico, including land-based casinos, horse racing and some sports and pari-mutuel betting.
While many other states across the country have made a lot of progress in modernizing their gambling legislation, there appears to be no interest to follow suit from New Mexico lawmakers. The huge national popularity of Daily Fantasy Sports has caused a lot of states to create a regulated market for all types of sports betting both retail and online. Other states like Pennsylvania have gone further by creating their own gambling authority to manage licensing and to monitor a fully regulated online casino market. This happened far enough back to see the major increase in revenues and tax income that has often been hoped to create a domino effect of interest across the rest of the country. Unfortunately, this hasn’t happened and New Mexico remains a restricted market that doesn’t appear on changing any time soon.
New Mexico is the fifth-largest state in the country while remaining the sixth least populated. This is generally not a particularly attractive statistic for online casinos, as this will seriously impact their incentive to providing localized content and features. Luckily, standard industry practices just so happen to align very well with US players. English is the default language of the industry and for the vast majority of sites. Big US events, especially sporting events, also draw in huge international crows meaning that events like the Superbowl, NBA and Kentucky Derby are generally widely available. Due to being a restricted market, it may be quite tough to find a welcome offer and promotion that you will be eligible for. It is therefore recommended to look for strong loyalty programs that benefit players purely based on their activity rather than geography.
Online casinos have been allowing their customers to play with US dollars way before certain states began regulating themselves. This has been due to the fact that the dollar has often served as the default currency for international transactions. Most operations are unable to facilitate customers with every single currency under the sun and US dollars are therefore used as a default alternative for those people whose currency is not supported. It is therefore incredibly easy to find a site that supports US dollars along with various suitable payment methods. Visa, MasterCard, E-wallets and various bank transfer options are typically available across the majority of casino sites. Cryptocurrencies have also dramatically raised in popularity over reason years, favored by players for providing a quick and easy alternative to making payments online without including the bank.
New Mexico residents have quite a good selection of venues to choose from when looking for a local spot to gamble at. Both Santa Fe and Albuquerque have several highly regarded land-based casinos like the Cities of Gold Casino and the Isleta Resort & Casino. Limited sports betting options are also available, however, this is becoming less and less of an attribute as more and more states slowly work towards fully facilitating all types of sports betting. The sports betting side is actually more of a detraction for gambling in New Mexico than the lack of online casino regulations. Regulated online casino markets are rarer in the US, while regulated sports betting is becoming more the norm across the country. There is therefore a lot more hope on changes to sports betting coming in New Mexico’s future, although it currently remains inadvisable holding out much hope for the same treatment coming to online casinos any time soon.