New Mexico Sports Betting in 2024 – Latest Legal Updates & Best NM Online Sportsbooks

New Mexico sports betting has been available in the state since 2018 via a unique legal construct. However, New Mexico sportsbooks are limited in what they offer, making offshore betting sites a more favorable option. Come with us as we introduce you to the best New Mexico betting sites and the state’s legal climate regarding sports wagering.

The Best New Mexico Online Sports Betting Sites in 2024

Now that the benefits of offshore New Mexico online sports betting sites are clear, let’s look at our list of the best NM online sports betting sites available:

1. BetOnline – The Best Online Sportsbook with Competitive Odds
2. BetWhale – The Top Sportsbook for Odds on College Sports
3. Bovada – Enjoy Extensive Live Betting Options on Various Sports
4. BetNow – Claim Several Welcome Bonuses and Rebate Promos
5. Everygame – Offers the Most Unique Assortment of Proposition Bets
6. CoinPoker – Now with Brand New Sportsbook
7. TG.Casino – Back Your Top NM Teams on the Go Via Telegram
8. BetUS – Get the Latest Sports Stats and News at the Locker Room
9. MyBookie – Wager Thrilling Spreads on the Denver Nuggets
10. SportsBetting – Receive Payouts Instantly Using Cryptocurrency Withdrawals

Top 5 New Mexico Online Sportsbooks Reviewed

Learn all there is to know about the top five New Mexico sports betting sites on our list in the reviews that follow:

1. BetOnline – The Best NM Sports Betting Site with Competitive Odds

BetOnline is the top New Mexico online sports betting site to visit if you’re looking for the best odds on the Dallas Cowboys or the Denver Broncos. The long-standing sportsbook is one of the few that releases its betting lines early, ensuring you have access to the most exciting and lucrative odds.

You can find competitive odds on all the top NM sports, including the NFL, MLB, NBA, NCAA, and NHL, along with 25+ other sports. BetOnline covers extensive events for each sport and provides many betting lines such as moneylines, spreads, totals, props, futures, and parlays.

However, the site doesn’t provide live streaming of sports events, and the welcome bonus could be a little more generous.

BetOnline sports bonus:

2. BetWhale – The Top Sportsbook for Odds on College Sports

BetWhale is our top recommendation for fans of the New Mexico Lobos or the New Mexico State Aggies. The site provides coverage of several sports, including the NCAAB and NCAAF. While NM doesn’t prohibit betting on college sports, the regulations of land-based sportsbooks vary, making BetWhale the ideal place to go.

The sportsbook offers various markets and competitive pre-game and live wagering odds. Some more popular lines for NM bettors include 1×2 bets, props, moneylines, handicaps, and totals.

BetWhale entices new players by offering a generous welcome promo. However, the site’s options for regular players are limited. Additionally, we would like to see more sports covered.

BetWhale sports bonus:

3. Bovada – Enjoy Extensive Live Betting Options on Various Sports

Since heading to CO is only sometimes possible for New Mexico bettors wanting to catch the Colorado Rockies in action, visiting sportsbooks like Bovada that offer live wagering on the MLB is the next best option. As a top NM online sportsbook, Bovada provides extensive live betting options that make it simple to place props, totals, run lines, moneylines, and same-game parlays on sports events already in play.

While Bovada doesn’t offer live streaming of these events, it ensures real-time updates.

Bovada offers betting on several sports, including the MLB, NFL, NBA, soccer, and NCAA. Additionally, there is a dedicated racebook for betting on races at the Ruidoso Downs Race Track and other national and international racing events.

However, Bovada could offer more competitive odds and release its lines earlier the way BetOnline does.

Bovada sports bonus:

4. BetNow – Claim Several Welcome Bonuses and Rebate Promos

BetNow is one of the top New Mexico online sports betting sites for welcome promotions. While these bonuses aren’t particularly generous, they make it easier for players with moderate budgets to cash in and boost their bankrolls. In addition to three promos for players using traditional payment methods, there is also a crypto welcome bonus.

While BetNow offers numerous bonuses, the site features a limited selection of sports. However, among the 10 options, including baseball and football, a dedicated racebook provides the latest stats, news, and odds on local, national, and global racing events. But BetNow doesn’t offer live streaming of these races.

The betting lines and odds the site offers for pre-game and live betting are average at best, although lines are released earlier than those at Bovada.

BetNow sports bonus:

5. Everygame – Offers the Most Unique Assortment of Proposition Bets

Comparing The Best NM Sports Betting Sites

The best New Mexico sports betting sites on our list offer thrilling promos, exciting features, and unique offerings, all of which you can compare below:

How We Rank The Best Sports Betting New Mexico Sites

There are hundreds of online sportsbooks available to NM bettors. However, finding the best NM sports betting sites requires a careful look at each contender. Regarding how we rate online betting sites, our experts use a detailed set of criteria to measure each platform. We take you through these below.

• Safety of NM Sportsbooks – One of the first things to check is whether your chosen sportsbook is one of the safest online betting sites. The best way to do this is to check that the platform has a license and uses security measures like SSL encryption.
• Deposit & Payout Methods – Another vital aspect to consider is the betting site’s selection of payment options. These should be payment options you recognise and feel safe using. The best Bitcoin sportsbooks are among the top options, as crypto transactions are highly secure.
• Bonuses & Promotions – Make sure that the New Mexico sportsbooks you have chosen offer generous promotions with acceptable wagering requirements and expiry periods.
• Range of NM Sports – The top sportsbooks in NM will offer betting on a range of sports, particularly those prevalent in the state, like football, baseball, basketball, and soccer.
• Depth of Markets – A worthwhile sports betting site will offer a variety of markets on the sports it covers, including general markets like moneylines, spreads, and totals and more specialised bets like props, parlays, and futures.
• Quality of Sports Betting Odds – Always shop around to find the sportsbooks with the most competitive odds. The better the odds, the more lucrative the payouts, even when your bets are smaller.
• Mobile Interface – If you play regularly on mobile, look for sites that offer the best New Mexico sports betting apps. These should provide seamless wagering and be compatible with iOS and Android devices.
• Customer Service – Lastly, always ensure that your chosen NM sportsbooks offer 24/7 customer support in formats like live chats and phone lines.

Types of Bonuses at Online Betting Sites in New Mexico

One of the perks of offshore sites in New Mexico for sports betting online is the generous bonuses these platforms offer. Since they’re not regulated in the US, these sites provide greater promos with more acceptable wagering requirements. Some of the top sports betting promos include:

• Deposit Match Welcome Promos – This promo is awarded to new players. The sportsbook will match your deposit in bonus funds up to a specific amount, effectively doubling your bankroll.
• No Deposit Bonuses – Some New Mexico bookmakers offer a bonus to players who have registered a profile but have not yet deposited funds. These free credits allow you to explore the sportsbook risk-free.
• Free Bets – Free bets allow you to place a free wager on a particular sport or event, provided you make the bet using specific odds. If you win the bet, you keep the payout.
• Reload Bonuses – Sportsbooks in New Mexico offer smaller bonuses for repeat bettors. These bonuses come in several formats, including deposit matches, free bets, odds boosts, parlay boosts, and referral rewards.

The Best Bonuses at New Mexico Online Sportsbooks

Compare and review the welcome bonuses offered by our top New Mexico online sportsbooks using the table below:

Sports Betting in New Mexico Overview

Sportsbooks in New Mexico developed differently than in most other states, which can make things somewhat confusing. While Tribal casinos may offer sports betting in NM, this is the only format available. The following table gives a clear overview of the legal betting options in The Land of Enchantment.

Is Online Sports Betting Legal in New Mexico?

Yes. However, the legal situation surrounding sports betting in New Mexico is unique. In 1988, the state entered into compacts with its Tribes, allowing them to offer Class III gaming and sports betting. While the Class III gaming took immediate effect, Tribes could not offer sports betting due to PASPA.

However, in 2018, the Supreme Court of the United States repealed PASPA, allowing NM tribes to offer retail sports betting at their casino establishments. However, NM has never signed sports betting into law, so only Tribal establishments may offer sports betting in the state. Further, this also means that New Mexico does not regulate online and mobile sports betting.

But NM bettors have other gambling options, including Daily Fantast Sports, horse racing betting, racinos, pari-mutuel betting, commercial casinos, and Tribal casinos. Players can also access some of the best betting sites in the US, which are based offshore.

New Mexico Sports Betting Timeline

Sportsbooks in New Mexico have a rather unique timeline, which we cover below:

• 2023 – BetMGM launches a retail sportsbook at the Isleta Resort and Casino.
• 2021 – NM Lawmakers introduce the New Mexico Lottery Education Assistance Act (HB101), which, if passed, would allow for retail and online sports betting at the state’s five racetracks. However, the bill stalled in House.
• 2019 – Four more sportsbooks launch on Tribal lands in New Mexico, including the Pueblo of Pojoaque’s sportsbook at Buffalo Thunder, which opened in May, the Mescalero Apache sportsbook at Inn of the Mountain Gods in July, and sportsbooks at the Isleta Casino Resort and the Route 66 Casino which opened in August.
• 2018 – The Supreme Court of the United States repealed PASPA in May, allowing tribes in New Mexico to offer sports betting officially. The Pueblo of Santa Ana Tribe opened NM’s first retail sportsbook at the Santa Ana Star Casino in October.

Who Can Bet on Sports in New Mexico?

Bettors in New Mexico can place wagers on sports at retail sportsbooks at tribal casinos if they are over 21. Below, we consider the top tips you’ll need for sports betting in New Mexico:

• Age – Those visiting New Mexico sports betting locations must be 21 years or older.
• Location – Sportsbooks in New Mexico are restricted to tribal lands within the state only. The state’s six sports betting establishments are located at tribal casinos.
• Registration – To enjoy New Mexico sports betting, you must register in person at the retail sportsbook you want to bet at.
• Mobile Betting – New Mexico sports betting apps are unavailable as the state does not offer regulated mobile sports betting.

Are Sportsbook Winnings in New Mexico Taxable?

According to the NM government, the state may withhold a tax of 6% if the winnings exceed a particular value.

Pros & Cons of Betting on Sports in New Mexico

While NM bettors can place sports bets in person at tribal sportsbooks, the state has made little effort to introduce regulated online or mobile sports betting, which could be a great plus for the Land of Enchantment state.

Most Popular Sports and Teams to Bet on in New Mexico

New Mexico may not be home to any pro teams, but bettors have several teams from neighboring states to back. However, there are top college teams from NM that are worth backing. Below, we consider some top sports and teams to back at NM sportsbooks.

• NFL – NM may not be home to a pro football team. However, fans of the sport have plenty of others to back, including the Dallas Cowboys and the Denver Broncos. The best NFL betting sites offer top moneylines and game and player props.
• MLB – Baseball is America’s favorite pastime, making it a popular sport for NM bettors to put money on. The best MLB betting sites offer betting markets like run lines, moneylines, totals, and props on teams like the Arizona Diamondbacks or the Texas Rangers, who faced one another in the 2023 World Series.
• NBA – The Phoenix Suns, Denver Nuggets, and San Antonio Spurs are all top NBA teams that New Mexico players can back when visiting the top NBA sportsbooks. One of the key markets for basketball is the spread bet, making it a more exciting bet overall.
• Soccer – Soccer is another top sport enjoyed by New Mexico sports bettors. While the state doesn’t have a Major League Soccer team, you can still bet on the NM United Soccer League team, New Mexico United, at the top soccer betting sites.
• NHL – Hockey fans from New Mexico can visit the best NHL betting sites to place puck line bets and player props on teams like the Colorado Avalanche.
• NCAA – Betting on college sports is not outlawed in New Mexico. However, each land-based sportsbook has its own regulations regarding NCAA betting, with some offering betting on the New Mexico Lobos or the New Mexico State Aggies, while others do not. As such, visiting the best offshore sportsbooks for NCAA betting is a guaranteed way to back your top college team.

Popular Type of Bets at NM Online Sportsbooks

The best NM sports betting sites offer various markets that you can use to bet on the sports events they cover. Some of these betting lines include:

• Moneyline – You put money on the team you predict will win.
• Spread betting – You choose the favorite or the underdog to beat the appointed spread.
• Parlays – You bet on several outcomes or “legs” that combine to form your parlay wager.
• Over/Under – Bet whether both teams will score more or less than the appointed total.
• Prop Bets – Wager on a specific team or player’s performance in a game.
• Live Bets – Place bets on sports events already in play.

Betting Apps & Mobile Betting Sites In New Mexico

Mobile sports betting is not regulated in New Mexico, and tribal gaming compacts do not extend to include mobile sports wagering. However, NM bettors can still enjoy mobile sports wagering using the offerings of offshore sports betting sites.

Usually, New Mexico sports betting apps come as mobile-optimized websites, allowing them to offer their mobile betting to iOS and Android bettors without needing two separate platforms. Allowing you to access the sportsbook using your device’s web browser, this also means that you can enjoy all the same options found online.

Retail Sports Betting in New Mexico

New Mexico signed gaming compacts with its local tribes, allowing them to offer retail sports betting at tribal casinos. Presently, only six retail sportsbooks operate within NM:

Other Betting and Gambling Options in New Mexico

If you want to know about other forms of gambling in New Mexico, check out the list below:

• Retail casinos – New Mexico is home to 21 tribal casinos that offer Class III gaming and five commercial racinos that offer electronic gaming devices.
• Online casinos – Online casino gambling is not regulated in New Mexico, so your best bet is to play at the best offshore casinos.
• Poker – NM players can enjoy poker in poker rooms at the Isleta Casino and Resort. Alternatively, they can visit offshore online poker sites since online poker is not yet regulated in the state.
• Horse Racing – Horse racing and pari-mutuel betting are legal in New Mexico. The state has five race tracks, including the Ruidoso Downs Race Track, Zia Park Racetrack & Casino, and The Downs Racetrack & Casino.
• Fantasy Sports – DFS is offered in New Mexico and players can place bets online at operators like PrizePicks, Underdog, and Fliff.

Online Sports Betting in Nearby States to New Mexico

If you’re looking for alternatives to NM online sportsbooks, you can head to the neighboring states to check out the options.

• Texas – While we recommend avoiding Texas, which only offers offshore TX online sportsbooks.
• Colorado – Colorado has land-based sportsbooks at casino cities like Black Hawk, Cripple Creek, and Central City. It has many associated mobile sports betting apps, too.
• Arizona – Is another great option. Like Colorado, Arizona has both retail and online sports betting.

Can New Mexicans Bet on Offshore Betting Sites?

While bettors from New Mexico may not have state-regulated online sportsbooks, they have an alternative option that opens the doors to flexible and exciting online wagering: offshore sports betting sites.

Offshore sportsbooks are online betting platforms based outside the United States. While these online sportsbooks are not regulated or governed by US gaming bodies and laws, they have licenses from their local gaming authorities. These licenses ensure safe, secure online gambling options for NM players. However, their location offers a unique legal loophole since NM gambling laws only outlaw online sportsbooks based within the state or the US and don’t have language addressing those betting sites based internationally. As such, bettors in New Mexico can access and enjoy these offshore sportsbooks without legal implications.

While offshore New Mexico online sports betting sites don’t offer the same player recourse as those regulated within the US, these platforms provide a wealth of features that make online sports betting a thrilling experience. Since these sites are not governed by US laws, they provide exceptional features like odds on NCAA events, extensive lines on local and international sports events, and some of the juiciest bonuses and promotions out there.

Popular Payment Methods at New Mexico Sportsbooks

NM online sports betting sites make it easy for bettors to deposit and withdraw funds from their betting accounts by offering a selection of payment options. These include traditional options like credit cards, eWallets, and newer methods like cryptocurrencies

Cryptocurrencies

Bitcoin, Ethereum, Tether, and other cryptos are decentralized digital assets that function independently of banks. These coins operate on the blockchain network and offer instant, fee-free, and anonymous transactions that are highly secure, making the best Ethereum sportsbooks some of the best ones to join.

Credit/Debit Cards

Debit and credit cards like Visa, Mastercard, Discover, and American Express are popular options for online bettors in New Mexico as they offer instant deposits and convenience. However, they are rarely provided for withdrawals and have high transaction fees.

Bank Transfers

Another standard payment option offshore sports betting sites offer is bank transfers, typically only provided as a means of withdrawal. But transfers can take up to 15 days to process and incur high fees.

eWallets

These systems offer a convenient way to add funds to your betting account using traditional payment options without sharing your banking details with the sportsbook. Some of the most popular eWallets include Neteller, Skrill, and PayPal. However, there are hefty fees when you withdraw funds using an eWallet.

Get Started and Sign Up With A New Mexico Betting Site

One of the great things about New Mexico sportsbooks is they’re easy to sign up with, which is good considering you’ll need to create an account and deposit funds to claim a bonus and begin betting. We take you through the steps below:

1. Register an Account with Your New Mexico Sports Betting Site

Choose the NM online sports betting site you want to join and launch the website. Then, select the “Join” button to access the registration page. Complete the form and select the “Create Account” button.

2. Verify Your New Account

Visit your email inbox and find the mail from the sportsbook that contains the verification link. Click the link to complete the verification.

3. Deposit Funds and Claim a Sports Betting Bonus

Sign back into your sports betting account and head straight to the “Banking” page. Select your deposit method from the options and fill in your deposit value. In the box provided, fill in your sportsbook bonus code. Then, confirm your deposit. Add in any further details the site requires and complete your payment.

4. Place Your Bets

Browse the sportsbook’s betting lobby and find the sport and event you want to bet on. Select your team and click the odds on the betting market that you want to use in your wager. Add your bet value to your bet slip and place your wager.

Responsible Gambling in NM

The best New Mexico sportsbooks support responsible gambling. These platforms offer several tools and responsible gambling pages that provide support for those struggling with gambling addiction.

For example, BetOnline offers the option for self-exclusion and allows you to temporarily shut down your account to limit your time spent on the site. Others, like BetWhale, offer information on problem gambling and provide contacts for external organizations that assist with gambling addiction like Gamblers Anonymous or Gambling Therapy.

Conclusion: Best Online Sportsbook for New Mexico Bettors

Sports betting in New Mexico is available as retail sportsbooks hosted at tribal casinos. However, all other forms of sports betting remain unregulated in the state. Luckily, NM bettors have access to offshore sportsbooks.

After our research, we recommend BetOnline as the leading site for online sports betting in New Mexico. The site offers betting on over 30 sports, releases its lines early, and features highly competitive odds.

New Mexico Sports Betting FAQs

Is sports betting legal in New Mexico?

Yes. However, retail sports betting is only offered at six tribal casinos.

Is online sports betting legal in New Mexico?

No. New Mexico does not offer regulated online sports betting.

Are offshore betting sites legal in NM?

Yes. Since offshore sportsbooks base themselves outside the US, they are not under the jurisdiction of US state or federal betting laws, a legal loophole that makes them accessible to NM bettors.

What are the best NM sportsbooks?

The best NM sportsbooks are offshore betting sites like BetOnline, which offers extensive lines, sports, and lucrative odds.

Is it safe to bet on sports online in New Mexico?

Yes. No player has ever been prosecuted for using offshore sportsbooks like those on our list. Further, these sites all have licenses and use security measures like SSL encryption.

Can I use a VPN for sports betting in NM?

Yes, but this depends on the sportsbook you’re using. Some offshore sportsbooks accept players using a VPN while others do not.