January 20, 2021

New Mexico legislation would legalize online betting, table games

New Mexico legislation would legalize online betting, table games

Two lawmakers from New Mexico have pre-filed a bill that would allow sports betting—both retail and online—as well as table games at the state’s racetracks.

HB101, Introduced by Representatives Phelps Anderson and Raymundo Lara, will give sports betting licensees a chance to offer sports betting through three different mobile skins.

Meanwhile, table games will be allowed at racetrack casinos in the state, in case HB101 should pass into law. Electronic and online table games, on the other hand, would not be allowed.

Around six sports betting operating licenses and another six for table games may be issues, each running for five years. Applicants must pay a $50,000 application fee in order to apply for a license. Another $50,000 is needed for the annual renewal fee.

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