New Mexico Online Sports Betting

Legal sports betting has been booming in recent years as several states continue to legalize online sports betting. The best sports betting sites and sportsbooks are trying to get into as many states as possible to get new users on their platforms. What about if you want to bet on sports in New Mexico? Here’s what you need to know about New Mexico online sports betting.

Is Sports Betting Legal in New Mexico?

You can bet on sports in New Mexico at tribal casinos that have an official compact with the state. This allows tribal casinos to be the only option to offer sports betting in the state. You cannot bet on sports online or participate in mobile sports betting in the state outside of tribal grounds.

Online Sportsbooks in New Mexico Betting

The tribal compacts with the state allow for betting on tribal lands but there is no sports betting allowed outside or anywhere else in the state. This is bad news for online betting sites and the top sportsbooks. You can’t place legal online bets on your favorite sports teams until new legislation is passed.

Latest New Mexico Sports Betting News

There has been no significant attempt by the state to expand New Mexico legal sports betting to the online front. The tribal casinos are able to accept sports bets but there is no telling when a bill will change the outlook on New Mexico sports betting sites online.

HB 101 was the latest bill sent to the New Mexico legislature and it didn’t get anywhere. For now, sports betting is legal, but only at retail locations in New Mexico. There hasn’t been any movement in 2023 to include online sports betting options.

Retail Locations for Sports Betting in New Mexico

There are five tribal casinos that decided to move forward with sports gambling. They accept bets in person and that is the only betting option in the state. You cannot use online sportsbooks or mobile betting apps. You need to place wagers at the New Mexico casinos with an operating sportsbook until the law changes. Here are the legal sites you can bet at.

Buffalo Thunder Casino

Inn of the Mountain Gods

Isleta Resort & Casino

Route 66 Casino

Santa Ana Star Casino

These are the only retail locations and New Mexico sportsbooks taking sports wagers at this time. Once again, you can’t bet with an online sportsbook or app legally in the state. It would be up to a new bill to allow sports betting online.

Teams to Bet on in New Mexico

When betting at tribal casinos on sports, there are not many in-state options. New Mexico doesn’t have any professional sports teams. Bettors will have to wager on teams from other states they are interested in. The state does have two Division I universities. These include the New Mexico State Aggies and the University of New Mexico Lobos.

Some of the retail sportsbooks allow betting on in-state teams while others do not in the state of New Mexico. For example, the Santa Ana Star Casino does not allow in-state college betting for sports fans. If we see the state ever legalize sports betting online, there could be restrictions on in-state college teams similar to a few other states in the sports betting market.

Daily Fantasy Sports in New Mexico

Daily Fantasy Sports are legal in New Mexico. This means sports bettors who are looking for an alternative to online sports betting in New Mexico can participate in DFS. It’s an option if you don’t want to visit casinos in New Mexico to place sports bets. You can play DFS while you wait for hopefully, the state to allow sports betting websites.

Horse Racing Betting in NM

There are a total of five racetracks in the state that offer live horse racing. There is also racing at the Expo New Mexico which is the New Mexico State Fair. The tracks allow for betting on simulcast races around the country as well. A few of the tracks are the Ruidoso Downs Race Track, Sunland Park Racetrack & Casino, and Sunray Park & Casino.

Bet Types for Legal New Mexico Sports Betting

When visiting a retail location for sports gambling in New Mexico, you will see a lot of different bet types. Here are some of the most common bet types for players in New Mexico. These are also bet types you will see on legal sites that accept bets on sports.

Moneylines

A moneyline bet is a wager on which team will win the game straight up. You’re betting on the winner. Favorites are usually listed with negative odds while an underdog will have positive odds.

For example, you check betting odds and see the Arizona Cardinals are -120 favorites vs the Bears. If the Cardinals are victorious, it would take a $120 bet to win $100.

Point spreads

When you make a point spread bet, you’re betting on the margin of victory or defeat. Each team is given a point value to balance the odds. Point spreads allow you to bet on either team, even if one is heavily favored to win.

For example, you might see the Phoenix Suns are -5.5 point favorites vs the Chicago Bulls. The Suns would need to win by six points or more to cover the spread.

Betting lines for point spreads usually come with odds around -110 on both sides. A $110 bet would win $100. Point spreads are one of the most popular bet types.

Totals

When you make a total bet, it’s also known as an over/under bet. You’re betting on the total number of points that both teams will score in the game. The sportsbook will set a line on how many points they think will be scored.

For example, the total for the Arizona Diamondbacks vs Chicago Cubs game is 7.5 runs. For an over bet to win, at least eight runs or more need to be scored in the game. If the game ended 6-4, it would be an over because 10 total runs were scored.

Props

A prop bet is a wager on a specific outcome within a game. Keep in mind, the outcome is not necessarily tied to the final result. Some people find these bets more enjoyable. Sportsbooks offer props on different outcomes for players, teams, and games.

There are a variety of outcomes such as how many points a player will score, how many rebounds a player will have, how many touchdowns a QB will throw for, and more. For example, Kyler Murray might have his over/under for passing yards set a 265.5. You are betting whether he will be over or under that mark in the game.

Futures

A futures bet is looking at an event or outcome down the road. Betting on which team will win the championship or what player will win the NBA MVP. These odds change throughout the year based on performance, injuries, and more. You can track futures of major sports teams and players on the top online sites throughout the year.

Parlays

A parlay bet is when you combine multiple outcomes into one single bet slip. This gives you a boost in odds but comes with a catch. To win a parlay, all of the bets have to win. With each leg you add to the parlay, the probability of winning the bet goes down.

For example, you can select three NFL teams each to win on a Sunday in the fall. If any of the teams lose, your bet loses. If all the teams win, you receive your payout based on the odds.

Live Betting

There has been a boom in live betting as sports bettors enjoy placing wagers as an event happens. The odds and lines quickly changed based on the action. There are all sorts of live betting options from traditional bets to props and more. You can bet on what will happen on the very next play and more.

New Mexico Online Sports Betting FAQs

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