Horse betting in New Mexico is one of the few forms of legalized online gambling available here.
New Mexico online horse betting is legal if you wager through regulated sites and betting apps licensed by the state. This gambling sport is hugely popular here. There are five racetracks where New Mexico horse racing events take place. The tax rate on your winnings is pretty low too. You can do parimutuel wagering in New Mexico both online and offline. You must be 18 to bet on the horses. With offers available over the internet, horse betting in New Mexico should grow.
Horse Betting Sites in New Mexico
If you’re after wagering in New Mexico on horses, then check out these sites. Both operate here:
- DRF Bets has some restrictions over what horse betting in New Mexico you can do. Wagering on any horse races in the state at the five tracks listed below and at Sam Houston Park in Texas is prohibited.
- TVG, meanwhile, puts their network, handicapping tools and data, and all the latest odds at your disposal for smarter betting.
New Mexico Best Horse Betting Apps
There are a couple of New Mexico horse racing apps for mobile betting that you can use:
- DRF Bets, as noted above, restricts you so you cannot do any wagering in New Mexico on horse racetracks within the state. However, their app lets you bet and watch your horses from almost anywhere else in America seamlessly.
- TVG gives you faster bet selection, access to their network of race coverage, streams and replays, and more.
Top Three Bonus Offers in New Mexico
What you get with New Mexico online horse betting are these neat offers and bonuses:
- Boosted winnings deals if your Exotic wagers come off.
- Matched deposit welcome offers when you sign up as a new customer.
- Money back promos where your losing bets get refunded if they meet certain conditions.
New Mexico Horse Racing Tracks
You can visit these five New Mexico horse racing tracks today:
- Albuquerque Downs in Albuquerque, for thoroughbred and American quarter horse racing.
- Ruidoso Downs Racetrack within the Lincoln National Forest, for thoroughbred and American quarter horse racing.
- Sunland Park Racetrack right by the Texas border near El Paso, for thoroughbred and American quarter horse racing.
- Sunray Park in Farmington, for American quarter horse racing.
- Zia Park in Hobbs, also for American quarter horse racing.
Local and Major Horse Betting Events in New Mexico
As horse betting in New Mexico is so popular, you’ll find many local meets taking place. Zia Park has live racing throughout fall and early winter, including the New Mexico Classic Derby.
You can visit Sunray Park for live-action in April and May. At Sunland Park, home of the Grade 3 Sunland Derby for thoroughbred three-year-olds, meets are from mid-winter through March.
Ruidoso Downs hosts New Mexico horse racing action from mid-May and over summer including the All American Futurity, the richest race for American quarters horses. Albuquerque Downs, meanwhile, has races in August and September.
Types of Horse Racing Bets in New Mexico
Whether it’s New Mexico online horse betting or offline via simulcast on-track wagering or via OTBs, you can place parimutuel bets. That means you can put on these types of wagers:
- A straightforward win bet.
- Place wagers, for your horse to come first or second.
- Show bets, for your horse to be first, second, or third.
- Exotic wagers, including Quinellas and Trifectas, require you to bet on more than one horse in the same race.
FAQ
Can You Gamble Online in New Mexico?
New Mexico online horse betting is allowed but, besides Daily Fantasy Sports (DFS), no other forms of internet gambling haven’t been legalized yet.
What Types of Horse Racing Are There in New Mexico?
New Mexico horse racing events are largely based around Flat thoroughbred and American quarter horses competing. You can visit the New Mexico State Fair and see both breeds race.
Is Horse Betting in New Mexico Legal?
Yes, wagering in New Mexico on horses is legal both online through state-licensed websites and mobile apps, and offline on-track and at OTBs.
Do I have to pay tax on betting winnings in New Mexico?
All gambling winnings you make from horse betting in New Mexico are taxed at 6%. That is much more favorable than in other US states. However, on top of the New Mexico authorities levying that, you must also declare all profits from any wagering for federal income tax purposes.