Best Betting Sites in Mexico

Sports Betting Regulation in Mexico

The gaming industry in Mexico remains regulated, with many sports betting sites in the country providing online betting opportunities to Mexicans. With betting legal in Mexico, it is important for players to understand the regulations so they can enjoy one of the most popular betting sites in the country. If you want to learn more about sports betting and gambling regulation in Mexico, we've broken down the history and covered the current legal status in this section. Keep reading to learn more.

History of the Mexican Gambling Regulation

Sports betting and gambling have always suffered stringent laws because of the mighty influence of the Catholic Church. However, there has been a steady growth of casinos throughout the centuries. From the 19th century up to its legalization in 1947, gambling was a big part of the country's culture. During the nationwide ban in the US, many US citizens took to Mexico to engage in gambling activities as it was a haven for bettors. The only problem was that Porfirio Diaz's law that allowed for an open betting market in Mexico throughout the 1920s was eventually outlawed by President Lazaro Cardenas in 1935.

However, in 1947, President Miguel Aleman signed a new law that saw the power of gambling regulations transferred to the Directorate of Games and Drawings, acting under the control of the Ministry of Interior of Mexico. Eventually, this sparked the legalization of the gaming industry throughout Mexico, including 31 states and one federal district. Due to the ambiguity of the 1947 law, a new law was passed in 2004 to address online gambling, which saw the need for operators to obtain authorization in addition to the original gambling license before they could provide online betting opportunities and sports betting in Mexico.

Current Legal Status in Mexico

The country's laws haven't seen much change since the 2004 amendment and the 2012 & 2013 changes, which address the use of skill-based gaming machines. Some of the permitted forms of gambling include gaming machines, roulette, card games, bingo, casual events, lottery, and bets on sports. According to the law, only Mexican legal entities can apply for a license. Also, these operators must be authorized by the Ministry of Interior of Mexico through the Directorate of Games and Drawings.

Future Projection and Thoughts

A lot can change in the future for the Mexican betting landscape since there are still stringent regulations that make it difficult for top betting sites to operate and provide betting opportunities to the Mexican market. Many players turn to offshore sites to bet on games. As a result, there have been some pushbacks on the current legal status. We will continue to check for updates concerning the betting market in Mexico. But for now, players can be part of the various top betting sites and continue to enjoy the excitement of playing online.

Key Facts & Stats About Betting in Mexico

Popular Payment Methods for Mexican Betting Sites

There are many popular payment options Mexican betting sites feature to ensure punters have access to the best tools that will make their journey smooth. We've highlighted some of the popular options you can consider in this section. Check them out to find a suitable method that will improve your betting experience and enable you to play for real money without hassle.

Credit/Debit Cards

Those who have suitable bank cards such as Visa as well as Mastercard can enjoy their time online and explore an incredible betting experience. With your bank card, you can easily fund your wallet and complete transactions without stress. These cards come in different forms, making them a suitable option for punters who want to enjoy easy access to a betting experience. Take your time to check out the different debit/credit cards the sports betting site accepts so you can ensure that you have one you can use to complete your transactions.

Some of the popular options include Mastercard, Visa, and American Express. If you have any of these options, you can easily complete transactions at the online betting platform. Simply understand the process to ensure you don't make avoidable mistakes. You should also check the payment terms and conditions to know if you can use this banking option to withdraw your winnings because most sports betting sites in Mexico only allow players to use debit/credit cards to deposit money and not withdraw funds. If that's the case with the site you picked, you might want to explore other payment options whenever you want to withdraw money from your balance.

Cryptocurrencies

As technology continues to expand and improve, we've seen more exciting innovations over the years. Bettors can always try new technologies, and among these options are cryptocurrencies. To a newbie, cryptocurrencies can be complex options. However, once you understand the complexities and how to transact with them, it becomes easier to use and won't be a problem. One of the many benefits of this banking method is that it is one of the most secure options players can use online. Cryptocurrencies have only recently entered the online betting space, but it has since become a top-notch option that will improve your betting opportunities.

Some popular cryptocurrency banking methods you can consider include Ethereum, Litecoin, Bitcoin, Binance Coin, Tether, Tron, etc. You can also consider using a less complicated crypto option like Binance Pay. With this option, you don't need to understand all the technicalities of cryptocurrencies before you can use them to complete transactions. Simply create an account and fund it, and you can use different cryptocurrencies to deposit and withdraw at various Binance Pay betting sites in Mexico. Besides that, you can try other cryptocurrency options to deposit and withdraw money within a few hours without needing extensive verification and authentication.

E-wallets

If you don't want something too complex, you can always try your hands on e-wallet banking methods. These options are useful to those who don't want to rely on banks to complete transactions at their preferred online sports betting sites. With e-wallets, you must create an account and fund your wallet before you can start using them. Most of the popular e-wallet options allow you to use different methods to fund your wallet, but the good thing is that the process is straightforward. And if you have enough money in your wallet, you can always withdraw into your bank account.

Take your time to find a suitable e-wallet option to consider. You can check out Skrill, Neteller, Mercado Pago. Google Wallet and PayPal. These options and more are suitable for those who want to enjoy their betting experience without needing to go through complex processes. With these options, you can start your betting journey, deposit money without stress, and, when you win enough, you can withdraw the money. Take your time to check out the options and see if they are among the payment options the sports betting sites you are considering accept. Once you can find them on the list, you can easily start using the e-wallet option to deposit and withdraw.

E-Vouchers and Gift Cards

You can also use e-voucher payment options for fixed deposits. If you don't want to go through the stress of funding an account, you can simply buy a voucher from a trusted vendor online or at a physical store if there is anyone close to you. All you need to do is find the right vendor to consider, and you're good to go. The amount on the e-voucher you bought will determine how much you can deposit into your betting account. The fixed deposit lets you control your betting spend. That way, you won't be tempted to go beyond your budget.

You can try using Paysafecard or Neosurf as your preferred e-voucher provider. Or, you can try using Gift Cards if the betting site accepts them. There are various suitable gift card options you can consider. Check out the different options to know the one that fits your preference, and once you can find the one you like, it becomes easier to complete transactions. The only problem is that you won't be able to withdraw money using these options. So, you will need to check out other banking methods you can use to cash out your winnings.

Bank Transfers

Transfer money directly from your bank to the sports betting site's account and increase your balance with ease. Take the time to find a suitable site that allows players to complete transactions using bank transfers. You don't want to miss out on the right one. Therefore, we recommend you check if your bank has platforms they support. That way, you can easily complete transactions without hassle and might even enjoy freebies when you use the service. You can use various third-party bank-based methods to complete transactions as well, making it easier to enjoy a more secure transaction.

Take your chances with Todito Cash, DineroMail, and other local bank transfer options. Consider these payment methods and ensure that you don't have to worry about playing for real money. Before you use any of these services, ensure your bank supports them so it is easy to complete transactions, making the betting experience straightforward. But you must understand that most of these external services don't support withdrawals. If you want to use the traditional local bank transfer, you might have to wait for some time before money will arrive in your account.

Most Popular Sports to Bet on in Mexico

Conclusion

The consensus is that all forms of gambling are legal in the country. But there are intricacies that operators and bettors must consider before they can explore the excitement that comes with playing online. Once you understand these things, finding the right betting site is the next step. Fortunately, we've handpicked some of the best options Mexicans can consider and join. Pick from our list and use a suitable banking method to deposit so you can start betting for real money. Take your time to explore different markets and sports and ensure you do your research before predicting to improve your chances of winning at a Mexican sports betting platform today!