Ruidoso Downs is a suburb in Lincoln County, New Mexico, United States, located within the Lincoln National Forest. The population was 1,824 at the 2000 census, at which time it was a village; the change was made in May 2002. It is a suburb of Ruidoso and is a part of the Ruidoso Micropolitan Statistical Area. The Ruidoso Downs Race Track, Billy the Kid Casino and the Hubbard Museum of the American West are located in the city.

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