New Mexico Santa Ana Star Casino to Have Sportsbook

Written by:
Aaron Goldstein
Published on:
Oct/10/2018

New Mexico could become the first state west of the Mississippi to offer sports betting following a landmark ruling by the US Supreme Court in May abolishing decades long prohibition.  Nevada was the only state to offer full service sports gambling previous to the decision.


*Up to $2000 welcome bonus
*Highest betting limits on the Web
*Best in-play betting all NBA, NHL Playoffs games
*In business since 1986
LEARN MORE HERE

The sportsbook at Santa Ana Star Casino is scheduled to open Tuesday, just 20 minutes outside of Albuquerque. The program will be managed by Nevada-based operator USBookmaking.

 

Casino CEO John Cirrincione said Wednesday the interest in sports betting has increased exponentially in recent years.

He expects the net profit margin to be slim since the house has a very small advantage and the operation is labor intensive. He says the intent is to add another amenity for patrons.

New Mexico's entry into the US sports betting market came as quite a surprise as many industry monitors did not even have the state on their radar.

Existing tribal gaming compacts don't specifically address sports betting. Such wagering falls under another category, meaning casinos can move ahead without regulatory changes.

- Aaron Goldstein, Gambling911.com and Information Compiled by the Associated Press was Used

Gambling News

60 Minutes Dives Into MGM, Caesars Ransom Attack of Last Year

A surprisingly young cohort of hackers paralyzed some of Las Vegas’ biggest hotels and casinos last fall, demanding an exorbitant ransom. The FBI and cybersecurity researchers call them “Scattered Spider." Bill Whitaker reported on the story for 60 Minutes Sunday.

Does the IRS Report How Much I Won at DraftKings?

If you won over a certain amount of money betting at DraftKings, the online sportsbook is obligated to report your winnings to the IRS.  DraftKings and other regulated sportsbooks typically require you to provide your social security number during the registration process.

Syndicate