About the House Edge in Casino Games A Number of Clear Thinking Tricks for the Casinos
Feb 072018

New Mexico has a bitter gaming past. When the IGRA was passed by the House in 1989, it seemed like New Mexico would be one of the states to get on the American Indian casino bandwagon. Politics guaranteed that wouldn’t be the case.

The New Mexico governor Bruce King assembled a panel in 1990 to create a contract with New Mexico American Indian bands. When the panel came to an agreement with 2 big local tribes a year later, the Governor declined to sign the bargain. He held up a deal until 1994.

When a new governor took office in Nineteen Ninety Five, it appeared that Amerindian gaming in New Mexico was a certainty. But when the new Governor passed the accord with the Amerindian tribes, anti-gambling forces were able to hold the deal up in courts. A New Mexico court found that Governor Johnson had out stepped his bounds in signing the accord, thus denying the state of New Mexico hundreds of thousands of dollars in licensing revenues over the next several years.

It took the CNA, passed by the New Mexico legislature, to get the process moving on a full contract between the State of New Mexico and its Native tribes. A decade had been squandered for gaming in New Mexico, including Native casino Bingo.

The nonprofit Bingo industry has gotten bigger since 1999. That year, New Mexico not for profit game operators brought in just $3,048. This number grew to $725,150 in 2000, and exceeded one million dollars in 2001. Not for profit Bingo revenues have increased steadily since then. Two Thousand and Five saw the greatest year, with $1,233,289 grossed by the owners.

Bingo is clearly favored in New Mexico. All types of operators look for a piece of the action. Hopefully, the politicos are done batting around gaming as a hot button issue like they did back in the 1990’s. That is most likely hopeful thinking.

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