08
January
Written by Lilia.
Posted in: Casino
New Mexico has a complex gambling history. When the IGRA was signed by the House in 1989, it looked like New Mexico would be one of the states to cash in on the Native casino bandwagon. Politics assured that wouldn’t be the situation.
The New Mexico governor Bruce King announced a task force in 1990 to discuss a contract with New Mexico American Indian tribes. When the task force came to an agreement with 2 big local bands a year later, Governor King refused to sign the bargain. He held up a deal until Nineteen Ninety Four.
When a new governor took office in 1995, it seemed that Native betting in New Mexico was now a certainty. But when the new Governor signed the compact with the Indian tribes, anti-gambling groups were able to tie the accord up in the courts. A New Mexico court ruled that the Governor had out stepped his bounds in signing the deal, therefore denying the state of New Mexico hundreds of thousands of dollars in licensing fees over the next several years.
It took the Compact Negotiation Act, signed by the New Mexico house, to get the process moving on a full compact amongst the Government of New Mexico and its American Indian tribes. A decade had been lost for gambling in New Mexico, which includes American Indian casino Bingo.
The not for profit Bingo industry has gotten bigger from Nineteen Ninety-Nine. That year, New Mexico not for profit game owners brought in just $3,048 in revenues. This number grew to $725,150 in 2000, and exceeded a million dollars in 2001. Not for profit Bingo revenues have grown steadily since then. Two Thousand and Five saw the largest year, with $1,233,289 earned by the owners.
Bingo is apparently beloved in New Mexico. All kinds of owners try for a piece of the pie. With hope, the politicians are through batting over gambling as a key issue like they did back in the 90’s. That’s most likely hopeful thinking.
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