New Mexico Introduces Bill to Legalize Online Betting

The state of New Mexico may be legalizing online betting as well as sportsbetting after a bill was introduced in the House of Representatives.

The bill was introduced by Representatives Phelps Anderson and Raymundo Lara and would legalize sportsbetting, with online operators able to offer three mobile skins. Table games would also be allowed at racetrack casinos, but online games wouldn’t be authorized through this legislation. Currently, only slot machines are on offer at casinos in the state.

Licenses would run for five year and applicants would have to fork out $50,000 for an application and $50,000 per year afterward.

No information on the taxes due on the new services was known in the bill. We’ll be following this story and updating readers as the bill progresses.

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