Based in Mexico and want to play casino games with crypto? Check out our Mexico crypto gambling guide and claim huge welcome bonuses.
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The short answer to this question is, yes. Gambling is legal in Mexico on a federal level. As you probably know, Mexico is a country administered using the state system. However, contrary to other state systems, here, gambling legislation is centralized. There are a few exceptions, mainly concerning blood sports, but all other gambling formats are regulated by the main government.
In terms of land-based gambling, Mexico is currently a top destination. There are more than 230 brick-and-mortar venues, mainly located in famous resorts. They accept mostly foreign tourists, coming primarily from the USA, and accommodate local gambling enthusiasts, too.
Talking about local land-based gambling, Mexico also has the so-called “slot halls.” These are physical venues, which are somewhat low-class. They mostly have second-hand slot machines. The games are only available in Spanish, and the personnel usually speaks poor English. This makes them quite unattractive to foreign tourists.
That said, online gambling has been on the rise in Mexico. Some of its forms have been legal since 2004. The country’s legislation appears to open up for more formats as the industry expands and mobile technology advances.
Another important thing to consider when viewing the Mexican gambling landscape is that the state is not particularly welcoming toward foreign gambling operators. That is why a lot of them are forming partnerships with local providers that allow them to operate within the country.
This may come as a surprise, but Mexico is often dubbed as Latin America’s next crypto hub. Some of the latest data shows that slightly over 3.1 million, or a total of 2.5 % of Mexicans currently use digital assets.
Further, reports state that about 40 % of the country’s business enterprises plan to implement cryptocurrency and blockchain solutions soon. Interestingly enough, 71 % of the surveyed companies pointed out that they were looking specifically into cryptocurrency adoption. In the long run, a strongly crypto-oriented business climate will motivate regular people to espouse digital assets more easily in their everyday lives.
Further, Mexico has consistently experienced a multibillion-dollar remittance flow from the US. This fact has opened huge opportunities for cryptocurrency exchanges in the country. The reason is that digital assets can make such transactions much faster and significantly cheaper.
One very successful example is that of Mexico’s most prominent crypto exchange, Bitso. In 2020, Bitso experienced a trading volume increase of 342 %.
As obvious, all the prerequisites for growing a vibrant, healthy cryptocurrency market are at hand in Mexico. That is why we believe that the local government will move towards creating a strong and well-founded regulatory framework for digital assets. Cryptocurrencies are not legal tender in the country right now, but you can freely trade and own them.
Gambling in Mexico has a long and captivating history. The locals enjoyed games of chance as far back as the pre-Hispanic period. According to historical sources, such games were used as common distractions to complement other activities like sports and hunting.
The Spanish brought fortune-based card games, which significantly diversified the local gambling landscape. Betting on blood sports also became popular in Mexico. The first recorded cockfight dates back to 1519. In 1583, the country witnessed the opening of a business venture dedicated to printing card games.
Lotteries and raffles have also been very common in Mexico throughout the centuries. In 1770, the king inaugurated the so-called Royal General Lottery of New Spain. The first draw took place the next year. While the Spanish colonization lasted, lotto games and raffles often served the practical purpose of fundraising for projects of public importance. Some of these included the building and maintenance of schools, hospitals, and churches.
However, land-based casinos in Mexico appeared as late as 1907. The then-president Porfirio Diaz allowed gambling as means of attracting tourists. The first Mexican casinos followed the French style and quickly spread throughout the country. In a couple of decades, a racecourse and a race track opened as well.
In 1940, President Lázaro Cárdenas abolished casinos. However, in 1947, President Miguel Alemán made gambling legal again and issued the first official document to regulate games of chance in Mexico.
Gambling in Mexico is legal since 1947 and is regulated at the federal level. The land-based portion of the sector is heavily reliant on tourists, especially those coming from the US. Mexico is full of high-class brick-and-mortar casinos, many of which are located in popular resorts.
That said, locals also frequent betting establishments. Some go to the posh casinos, but others can only afford the shabby-looking gambling halls, where the slot machines are mostly second-hand. Sports betting, online casinos, lotto, raffles, and bingo are other popular gambling activities in Mexico.
Mexican players have quite a wide choice of gambling activities. Land-based casinos allow them to enjoy numerous world-popular games like roulette, baccarat, poker, blackjack, and dice. If you happen to be in Mexico, you can also play slot machines and many instant win lotto games.
Online gambling was allowed back in 2004, so Mexican players can also hit some of the world’s most beloved games right from their mobile phones or tablets. Here is the place to mention that the Mexican state has not been very welcoming towards foreign gambling investments.
This is mainly due to the country’s negative experiences in the past. At some point during the last century, organized crime groups from the US tried to perform money laundering and other criminal activities by investing in local gambling ventures.
Nonetheless, some foreign companies have found ways to operate in Mexico, mainly by forming partnerships with domestic establishments. Local players are not forbidden from playing at offshore casino websites as long as the operators are properly licensed.
Sports betting is also very popular in Mexico. Wagering on football is the most frequent choice. This sport has a lot of fans in the country, which has a strong national team and many world-renowned players. Horserace betting is another gamblers’ favorite. Betting on blood sports is also legal in most Mexican states.
As obvious, Mexican players have access to diverse gambling operators. The market is highly dynamic, so casinos try to attract and retain players using generous bonuses. Crypto gambling sites are especially extravagant when it comes to promotions. Some of them offer as much as up to several BTC + hundreds of free spins.
That said, players are always looking to get the most out of their money. That is why they prefer deals with no wagering requirements. Occasionally, Mexican casinos will offer no deposit bonuses, which are a total hit among gamblers. Though rare, no-deposit deals are not impossible to find in Mexico.
Top rated crypto casino sites in Mexico selected by out team of experts