Casinos & Gambling Industry in Mexico
Mexico has its restrictions when it comes to gambling. This is because the Catholic Church has a notable impact on the law. Despite the slow development of gambling in Mexico, online casinos have expanded in a way where they can keep up with the other online casinos from other countries.
Traditional gambling games are played in Mexico. These include Baccarat, Blackjack, Craps, Roulette, and Poker. These games are played mainly by the high-class elite and are prevalent in places such as San Miguel. Casinos and gambling houses have made a significant impact on the Mexican economy. The vast revenue can see these gambling houses generate in Mexico. It is predicted that the revenue from gambling will continue to increase each year for the next few years. Many casinos have been set up in Mexico as well as other countries around the world. Online casinos have become extremely popular over the past decade, and it is estimated that there are now more than 1 million players who gamble online each day.
In recent years there has been some controversy over whether or not online gambling should be allowed. The government has yet to define the legalities of gambling in the country clearly. Although there’s no clear line yet, there is a law regulating gambling in Mexico.
Online Gambling Laws in Mexico
Mexico is a country that has a lot to offer. You can find a lot of luxury hotels and great entertainment there. However, when it comes to online gambling, it’s a whole different story. Online gambling is regulated by what they refer to as the Office. On the other hand, the National Lottery is directly regulated by the law.
The goal of Mexico’s gaming legislation is to safeguard consumer rights. Their personal information, state and municipal taxes, general health laws, and federal taxes are also included. However, the government issued a new law in 2015 that became a disadvantage for Mexican online casino players. Online players are unable to access internet resources. In addition, gambling is only allowed in gambling establishments with Mexican Servers.
Because gambling of all sorts is prohibited in this country, it can be challenging to know whether or not online gambling is legal. There currently is no consensus among experts as to whether it is legal, and even deciding whether or not it is legal can be. This is because the law is too broad when additional regulations are required.
Payment methods in Mexico
Online Casinos Mexico offers an extensive range of payment methods that players can choose from. Choosing the same payment and withdrawal method is also advisable for smooth transactions. Here are the payment methods for online casino sites in Mexico:
- Visa Electron
Most online casinos would recommend using Paypal since it has the best features. However, it’s still up to the players to choose the payment method they find most convenient. If your preferred payment method isn’t available at your chosen casino site, you may also choose a similar one.
How to Bet online in Mexico
Despite the blurred legalities of gambling in Mexico, virtual gambling is still possible as long as the site runs on Mexican servers. Online betting in Mexico is easy as long as the betting site is licensed and regulated. The first thing to do is to choose a betting site. Players, especially first-timers, are recommended to go for the best ones. Here’s a list of the best betting sites in Mexico:
- William Hill
- Paddy Power
Once you’ve chosen a betting site, sign up for an account. Most betting sites usually offer a welcome bonus for their new players. This may be in the form of no-deposit bonuses or cashback bonuses. Make sure you claim your welcome bonus when signing up. Once you have an account, you can browse through the site’s selection of games. You can also read some betting tips to ensure your wins.
Online Games in Mexico
Mexico is one of the most popular countries for online gambling. It has been said that more than 30% of all casino games are played in Mexico. Online Gaming in Mexico is allowed since there is no specific law. However, it’s not legal for casinos to offer gaming activities if they have not obtained a license from the government. The licenses are issued only to establishments that the local authorities have approved.
Online Gaming in Mexico can be played anytime, regardless of the day or night, and you can play with your friends or strangers on any device you want to use. You can also play at home with your family members and friends.
FAQ for Mexican Players
Are Online Casinos in Mexico Safe?
Online Casinos in Mexico are considered safe since they need a license.
How High is Gambling Today in Mexico?
Gambling in Mexico is not as high as compared in other countries. However, there has been extensive growth shown over the years. In 2016, the gambling market went from $24 Million to $441 Million.
Is Online Gambling legal in Mexico?
Online gambling is legal in Mexico, but it is limited and restricted. Land-based casinos are allowed to operate online gambling sites within the country so as long as they can obtain a license.