Mexico is home to millions of sports fans, with football and boxing specifically receiving quite the attention within the country. It should come as no surprise, then, that wagering on sports is also quite the popular hobby in the South American nation.
When it comes to the law, Mexico’s gambling scene was in a tough spot for the better part of the 20th century. Thankfully things changed for the better after further amendments in 2004 and 2013, and now wagering and online betting, in particular, are legal in Mexico provided that an establishment has acquired the necessary permits.
Although there are a few bookmakers within the country which are licensed to operate by the Ministry of the Interior, Mexican punters will generally gravitate towards the international market due to the abundance of choice when it comes to licensed reputable sportsbooks. This can also pose risks, however, and it is thus important for gambling enthusiasts from Mexico to familiarize themselves with the international standards of a good bookmaker.
Legalities of Online Sports Betting in Mexico
Historical Betting Overview
Like many territories around the world, gambling in Mexico has been popular for centuries, even during the time of the Aztecs. French influence in the 19th century further popularized the activity, and French gambling venues used to be present within the territory of the country.
Unfortunately, things changed in the 20th century when president Lazaro Cardenas declared that games of chance are illegal within Mexico. The Federal Gaming and Lotteries Law, published in 1947 by president Miguel Alemán Valdés, officially made the prohibition part of the country’s legislation. It should, however, also be noted that this new law allowed for the Ministry of the Interior to regulate games of chance.
The Gaming Law remained pretty much unchanged until 2004 when amendments were introduced in order to make some much-needed updates. They were further polished in 2013.
What You Need to Know About Sports Betting in Mexico
In general, the majority of Mexican punters will wager at international sports betting websites. This is due to the fact that the online gambling presence of Mexican sportsbooks is fairly limited, and not nearly as varied as what can be found on the web internationally.
Bettors from Mexico will not run into any legal issues while wagering at offshore sportsbooks, due to the fact that the Mexican Gaming Law has not prohibited individuals from wagering at bookmakers online. The only requirement for punters is for them to be at least 18 years old, and the sportsbook they wager at must be licensed by the regulatory bodies authorized to issue such licenses. Additionally, the website itself must allow Mexican gambling enthusiasts to use it as a place to wager at.
Although bettors in Mexico will rarely face any legal consequences for wagering at unlicensed websites, betting at licensed sportsbooks is recommended either way. Websites without a license can be dangerous and can even scam unsuspecting punters in various ways.
In addition, winnings gained from wagering online are taxed. The federal government tax is 1% of the winnings, while the state government tax can be from 4% to 6% of your winnings.
Odds Format in Mexico
Generally, Mexican punters have access to the same odds formats international bettors do, since they tend to wager at offshore books. It is thus a given that they will usually come across the decimal, fractional, and American odds formats.
Around the world, the decimal odds format remains the most popular of the three due to how easy it is to use compared to other formats since all you need to do is multiply your stake by the odds. This will show you your stake + profit amount you will be left with should you win.
Nonetheless, American or Fractional odds can be more convenient depending on an individual’s personal preferences, so as previously mentioned, Mexican bettors can also utilize these formats if they wish to do so. It is also worth mentioning that certain Mexican-friendly bookies will also include more niche formats that you do not come across often in the Western world, such as the Indonesian, Hong Kong, and Malaysian odds formats.
Mexico Betting Laws and Legislation
Land-based gambling has long been regulated within Mexico. The first piece of legislation pertaining to gambling activities was published in December 1947 by then-president Miguel Alemán Valdés. The laws were meant to explicitly prohibit gambling in the country, although a certain clause that granted the Ministry of Internal affairs the power to authorize games and bets left things muddled and confusing for many.
Online gambling was, understandably, not covered under the legislation in question since the internet did not exist at the time. However, even amendments made in the early 2010s and in 2013 failed to properly address remote gambling and sports betting in particular.
Currently, online gambling is not explicitly mentioned in the Gaming Law. The only reference to electronically conducted sports bets is made in Articles 85 and 86 of the Gaming Regulations. Nonetheless, it is important to mention that permits for gaming activity can be granted within the country, and the regulatory body responsible for this is the Gambling and Raffles Bureau of the Ministry of the Interior. These permits can be granted to land-based establishments which also operate online websites.
As for off-shore gambling, there is nothing in the Gaming Law that explicitly forbids foreign bookmakers from accepting Mexican punters. Furthermore, Mexican netizens are not prohibited from wagering at online bookmakers located in jurisdictions outside of Mexico.
Mexico Betting Restrictions
Certain legislations are the typical run-of-the-mill restrictions you would find in any country which regulates its gambling industry, the first of which is the fact that only individuals 18 or older are legally permitted to wager. Furthermore, bookmakers are obligated to take all the necessary precautions and measures to make sure that minors are unable to place bets of any kind on their websites.
Licenses for online gambling activity can be granted only if the company behind the website operates in brick-and-mortar venues too. Online bookmakers must also utilize software that ensures that the betting system is not compromised, in order for the game to be fair and for it to not deceive bettors with false information. Bettors must also be instructed that they should gamble responsibly.
As for punters themselves, so long as you are of age and you have not cheated while gambling, there is no law that prohibits you from partaking in wagering activities online. Betting at off-shore bookmakers is not forbidden either.
Online Betting Regulatory Body in Mexico
Although off-shore online bookmakers do not need a specific Mexican license in order to offer their services to Mexican bettors, the same cannot be said about local betting websites.
Mexican bookies operating within the country will need to acquire a license from The Ministry of the Interior’s Gambling and Raffles Bureau. The Ministry of the Interior has been responsible for the country’s gambling matters for over 70 years, seeing as president Miguel Alemán Valdé put them in charge of authorizing and regulating bets and games when he published the Gaming Law in December 1947. Additionally, the Ministry of the Interior is also the regulatory body that can authorize advertisements related to gambling, seeing as bookmakers and pretty much any gambling establishment are forbidden from advertising their venue or website otherwise.
Taxes are also imposed on bookmakers and on individual bettors who partake in gambling and win, and the nation’s Tax Administration Service is the one in charge of such matters.
Popular Betting Markets in Mexico
Since sports as a whole are pretty popular in Mexico, it does not come as a surprise that the nation’s sports betting scene is pretty large as well. Moreover, wagering on sports is one of the best ways to directly be a part of sports events, especially since you can net impressive wins while doing so.
Soccer, the ever-popular poster child of bookmakers, is extremely well-liked in Mexico too. Liga MX and Liga MX Femenil, and the Mexico national football team are the most major leagues in the South American country. As for the types of bets you will find on the average Mexico-friendly betting website, both teams to score, outrights, under/over and totals are all very popular. In addition, live betting also tends to be available.
Boxing is basically the king of individual sports as far as most Mexican individuals are considered, and both ordinary fans and gambling enthusiasts absolutely love this sport. After all, no other nation can boast over 200 boxing champions. Naturally, boxing has quite the prominent presence in sportsbooks and bets the likes of outrights and totals are quite common. In-play is once again quite popular. The most major boxing league in Mexico is the World Boxing League.
Baseball is also well-liked among Mexican betting circles, which is not surprising considering that the sport, in general, is an absolute sensation in the nation. The largest leagues are the Mexican League along with The Mexican Pacific League. When it comes to the available markets, punters will come across handicap bets, outrights, and match-winner bets among many others.
Last but certainly not least, we cannot neglect to mention basketball. Lots of Mexican punters are fond of this sport, and Mexican basketball leagues include the Liga Nacional de Baloncesto Profesional and Circuito de Baloncesto de la Costa del Pacífico. Markets such as handicap bets and moneyline bets are popular on sportsbooks.
Popular Betting Markets in Mexico Summary | |
---|---|
Sport | Leagues |
Soccer | Liga MX, Liga MX Femenil, The Mexico National Football Team |
Boxing | World Boxing League |
Baseball | Mexican League, The Mexican Pacific League |
Basketball | Liga Nacional de Baloncesto Profesional, Circuito de Baloncesto de la Costa del Pacífico |
Mexico Online Betting Bonuses
Bonuses might be one of the most important aspects of an online bookmaker. They are a quick and easy way for potential customers to see whether a bookie treats its users well, and lucrative bonuses will often be what actually brought a betting website to a punter’s attention.
The first type of promotions Mexican bettors are likely to encounter are the so-called sign-up bonuses, often referred to as welcome bonuses. These promotions come in many variants, and some will match the first deposit of the player while others will award free bets. Make sure to pay very careful attention to the terms and conditions of these promos, however, as a required deposit amount will usually be specified. In addition, free bets will often be subjected to rollover requirements which will need to be met if you want to withdraw money.
Free bets can also be won from Accumulator promotions, and Mexico-friendly bookies will usually have a minimum number of selections that needs to be met along with a fixed bet amount.
Referral bonuses are also quite common. They will reward you with goodies if you manage to convince a friend to create an account and start betting at the bookmaker in question. Typically, your acquaintance will need to either wager a certain amount for you to receive your bonus, or they will need to remain a regular player for a certain amount of time.
Lastly, loyalty bonuses are also sought-after by punters, and they typically entail free bets and boosted odds for regular bettors on a weekly basis.
Mobile Betting in Mexico
Mexico has steadily been moving towards portability as the main focus when technology is concerned, which means that smartphone usage is increasing fast among both younger and older individuals. These trends are not any different when it comes to gambling enthusiasts.
With this in mind, all major and up-and-coming bookmakers who wish to be Mexico-friendly pay special attention to how well their bookmakers are compatible with mobile devices and take the necessary steps to improve and enhance the experience when possible. This is why there are several types of mobile solutions utilized by betting websites. A popular option is dedicated applications, which can typically be downloaded either through Google Play or the App Store. Making mobile-friendly versions of a website is also widespread.
All of the aforementioned mobile solutions offer excellent features that do not fall behind what you will find at bookmaker’s desktop website. Wagering is just as easy, for instance, especially since the betting software on mobile devices is very well organized. In addition, managing one’s finances is also hassle-free, and you will have access to options like credit cards and prepaid vouchers just like bettors who use a computer. Should you ever run into any issues, you will also find that contacting support via your smartphone is practically effortless.
Popular Betting Banking Methods in Mexico
The financial side of things might be one of the most important aspects of online gambling, as we are certain both experienced punters alike and those who operate can attest to. Pretty much all bettors would rather have the opportunity to manage their finances with their payment methods of choice and in a fast and secure way, lest failed transactions sour the gambling experience of bettors.
This is why Mexico-friendly bookies have indeed made sure to provide a wide range of payment solutions to their customers, and punters from the South American country will generally find that managing one’s finances is easy and hassle-free. Credit and debit card solutions the likes of American Express, Visa, and Mastercard for instance, will all be provided to Mexican punters at most online sportsbooks. These solutions can typically be used both to deposit money and to withdraw funds. Additionally, bank transfer is also a familiar banking solution for most bettors.
Another method that can be used for both depositing and withdrawing money is cryptocurrencies, and Bitcoin, Etherium, and Litecoin will more often than not be provided as a payment solution by Mexico-friendly bookies. They tend to offer faster transaction times, and many Mexican gambling enthusiasts have come to prefer these types of banking solutions.
It is important to remember that not all payment methods can be utilized for both deposits and withdrawals. For instance, pre-paid vouchers like OXXO and Paysafecard, as well as options the likes of Mercado Pago, are some of the popular deposit-only choices for Mexican punters. Astropay and Todito Cash can also be utilized strictly for deposits.
Popular Banking Methods in Mexico | |||||
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Payment Method | Fees | Deposit Limits | Deposit Times | Withdrawal Limits | Withdrawal Times |
American Express | Free | $10 – $200 | Instant | $20 – $2,000 | 1-5 days |
Mastercard | Free | $10 – $200 | Instant | $20 – $2,000 | 1-5 days |
Visa | Free | $10 – $200 | Instant | $20 – $2,000 | 1-5 days |
Banco Azteca | Free | $10 – $3,000 | 1 day | N/A | N/A |
BBVA | Free | $10 – $3,000 | 1 day | N/A | N/A |
SPEI | Free | $10 – $3,000 | 1 day | N/A | N/A |
Banorte | Free | $10 – $3,000 | 1 day | N/A | N/A |
Bitcoin | Free | min 0,0002 BTC | 15 minutes | $20 – $5,000 | 15 minutes |
Bitcoin cash | Free | min $10 | 15 minutes | $20 – $5,000 | 15 minutes |
Litecoin | Free | min 0,01 LTC | 15 minutes | $20 – $5,000 | 15 minutes |
Ethereum | Free | min 0,02 ETH | 15 minutes | $20 – $5,000 | 15 minutes |
HSBC | Free | $10 – $3,000 | 1 day | N/A | N/A |
OXXO | Free | $10 – $3,000 | 1 day | N/A | N/A |
OnePay | Free | $10 – $3,000 | 1 day | N/A | N/A |
Santander | Free | $10 – $3,000 | 1 day | N/A | N/A |
Scotiabank | Free | $10 – $3,000 | 1 day | N/A | N/A |
ecoPayz | Free | $10 – $1,000 | Instant | $20 – $1,000 | Instant |
Astropay card | Free | $10 – $5,000 | Instant | $20 – $5,000 | Instant |
Voucher | Free | $10 – $3,000 | Instant | $20 – $3,000 | Instant |
Bank Transfer | Free | N/A | N/A | $20 – $2,000 | 1-4 days |
What to Watch When Picking Mexico Betting Site
Thanks to the wonders of the internet, there are now basically hundreds of bookmakers Mexican punters can access. This abundance of choice means that you get to be picky with which bookmakers deserve your attention and money, and there are many things to keep into consideration when you are searching for a new bookmaker.
First and foremost, check what licenses the bookie you are eyeing has acquired. If the bookmaker is Mexican, then they must have a license by the Ministry of Internal affairs. Foreign licenses will depend on where a bookmaker operates, but licenses by the Malta Gaming Authority are considered trustworthy. Curacao licenses are not as well-received, but it is still better to choose a sportsbook licensed by this gaming board than one without a license.
In addition, take a look at the banking solutions a bookmaker utilizes. There is nothing worse than taking the trouble of registering at a website and undergoing identity verification, only to later find out that you will be unable to wager at this bookmaker because it does not offer your payment method of choice.
Checking out the sportsbook’s contents should also be on your to-do list. Although Mexico-friendly bookmakers tend to offer an array of sports, it is better safe than sorry if you are picky with your sports, or if you have some must-haves.