• New Mexico Bingo

    New Mexico has a bitter gaming past. When the Indian Gaming Regulatory Act was signed by Congress in Nineteen Eighty Nine, it seemed like New Mexico might be one of the states to cash in on the American Indian casino craze. Politics guaranteed that wouldn’t be the case.

    The New Mexico governor Bruce King assembled a panel in Nineteen Ninety to negotiate an accord with New Mexico American Indian bands. When the task force came to an accord with 2 big local bands a year later, Governor King declined to sign the agreement. He would hold up a deal until 1994.

    When a new governor took office in 1995, it seemed that American Indian betting in New Mexico was a certainty. But when the new Governor passed the compact with the Indian bands, anti-wagering forces were able to hold the contract up in courts. A New Mexico court found that the Governor had out stepped his bounds in signing the deal, thereby costing the state of New Mexico hundreds of thousands of dollars in licensing revenues over the next several years.

    It took the CNA, signed by the New Mexico government, to get the process moving on a full accord amongst the State of New Mexico and its Amerindian tribes. A decade had been squandered for gambling in New Mexico, which includes Indian casino Bingo.

    The nonprofit Bingo industry has increased since Nineteen Ninety-Nine. In that year, New Mexico not for profit game owners acquired just $3,048 in revenues. This number grew to $725,150 in 2000, and passed one million dollars in revenues in 2001. Not for profit Bingo earnings have grown steadily since that time. Two Thousand and Five witnessed the biggest year, with $1,233,289 earned by the owners.

    Bingo is categorically favored in New Mexico. All kinds of providers try for a bit of the action. With hope, the politicos are through batting over gaming as an important issue like they did back in the 1990’s. That is without doubt hopeful thinking.

     December 31st, 2019  Simone   No comments

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