Is Online Sports Betting Legal & Safe in Mexico
Mexico is among the larger states with no set regulations about internet gaming. Though they have never formally approved any online gambling, its government has enabled foreign operators to combine forces with local gambling companies in provision of various Internet services within the last few years. This makes betting via the web legal and secure.
Regarding this, the majority of gambling regulations in Mexico were originally put into place by an act of parliament known as the Federal Penal Code (1947). This statute prescribes against all chance games except for those that are done under a license, although many of these terms are vaguely defined. The laws governing gambling in Mexico became more explicit when the gaming rules announced in 2004 gave clarity to what is allowed nationwide.
Operators must be licensed for sports betting that is among the lawful gaming activities. To tackle this, several major international operators have used it to penetrate into the Mexican market by offering online betting sites, partnering with local companies.
Do You Pay Tax at Betting Sites in Mexico?
Gambling winnings are taxed in Mexico, but it is done at a lower tax rate. The federal government taxes winnings at only one percent which is too low while state rates range between four and six per cent.
Luckily, this is not a big concern after the fact when you play with licensed operators. In both online and live venues, it is the license holder that has to keep back tax on winnings. Also, they have to pay winners on their behalf. However, there might be slight variations among local laws in different states so if you need more details it could be worth speaking to a local tax expert as well.
Popular Sports at Betting Sites in Mexico
Our top ranked sportsbooks for Americans provides odds on dozens of different sports from around the globe, although a few games are more adored in Mexico than others. Top on the list, in terms of both local and international leagues, is football.
A good Mexican online betting site must, of course, offer Liga MX gambling, the top division in Mexico. Moreover, our endorsed sites also include European leagues like Premier League, La Liga, Bundesliga and Serie A. Finally, you can place bets on key tournaments that range from UEFA Champion’s league to CONCACAF Gold Cup and FIFA World Cup.
There are also some other sports that can be mentioned. Mexico is a big fan of boxing, and many famous boxers come from there or have Mexican lineage, such as Saul ‘Canelo’ Alvarez. All the biggest matches are available on our leading gambling platforms.
In Mexico, there are still a few places where baseball is highly loved by people. Online gambling sites provide opportunities for you to bet on Major League Baseball. You can also place bets for the Nippon Professional Baseball league in Japan and even the Mexican League.