About the House Edge in Casino Games Arizona gambling dens
Jan 292021
[ English ]

New Mexico has a bitter gambling background. When the IGRA was passed by Congress in 1989, it seemed like New Mexico might be one of the states to cash in on the American Indian casino bandwagon. Politics assured that wouldn’t be the situation.

The New Mexico governor Bruce King appointed a task force in 1990 to create a contract with New Mexico Native tribes. When the task force arrived at an accord with 2 prominent local bands a year later, Governor King declined to sign the bargain. He would hold up a deal until 1994.

When a new governor took office in 1995, it appeared that Amerindian betting in New Mexico was a certainty. But when the new Governor passed the compact with the Amerindian tribes, anti-gaming groups were able to tie the contract up in the courts. A New Mexico court found that Governor Johnson had overstepped his bounds in signing the deal, therefore costing the state of New Mexico hundreds of thousands of dollars in licensing fees over the next several years.

It took the CNA, signed by the New Mexico house, to get the ball rolling on a full contract between the State of New Mexico and its Amerindian bands. A decade had been lost for gaming in New Mexico, which includes Amerindian casino Bingo.

The not for profit Bingo industry has gotten bigger since 1999. In that year, New Mexico non-profit game owners acquired only $3,048. This number grew to $725,150 in 2000, and passed one million dollars in revenues in 2001. Nonprofit Bingo revenues have increased steadily since that time. 2005 witnessed the biggest year, with $1,233,289 grossed by the owners.

Bingo is clearly favored in New Mexico. All kinds of operators look for a slice of the pie. With hope, the politicians are through batting over gaming as a hot button factor like they did back in the 90’s. That’s without doubt wishful thinking.

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