Helpful Gambling Pointers, Ways About the House Edge in Casino Games
Oct 292021

New Mexico has a rocky gambling history. When the IGRA was signed by the House in 1989, it looked like New Mexico might be one of the states to cash in on the American Indian casino craze. Politics guaranteed that would not be the situation.

The New Mexico governor Bruce King announced a working group in 1990 to negotiate an accord with New Mexico Native bands. When the working group came to an accord with 2 important local tribes a year later, the Governor declined to sign the bargain. He would hold up a deal until Nineteen Ninety Four.

When a new governor took office in Nineteen Ninety Five, it appeared that Native gambling in New Mexico was now a certainty. But when the new Governor signed the accord with the American Indian bands, anti-gambling groups were able to hold the accord up in the courts. A New Mexico court found that the Governor had overstepped his bounds in signing the compact, thereby costing the state of New Mexico hundreds of thousands of dollars in licensing revenues over the next several years.

It required the Compact Negotiation Act, passed by the New Mexico government, to get the ball rolling on a full compact between the State of New Mexico and its American Indian tribes. A decade had been lost for gaming in New Mexico, including American Indian casino Bingo.

The nonprofit Bingo business has increased from 1999. That year, New Mexico non-profit game owners brought in just $3,048 in revenues. That climbed to $725,150 in 2000, and exceeded one million dollars in 2001. Not for profit Bingo revenues have increased constantly since that time. 2005 saw the biggest year, with $1,233,289 grossed by the owners.

Bingo is clearly popular in New Mexico. All kinds of operators look for a bit of the action. With hope, the politicos are through batting over gaming as a hot button matter like they did in the 1990’s. That’s probably wishful thinking.

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