Home > Casino > New Mexico Bingo

New Mexico Bingo

March 24th, 2023 Leave a comment Go to comments

New Mexico has a rocky gambling background. When the Indian Gaming Regulatory Act was signed by the House in 1989, it seemed like New Mexico would be one of the states to cash in on the Indian casino bandwagon. Politics guaranteed that wouldn’t be the situation.

The New Mexico governor Bruce King announced a task force in 1990 to draft an accord with New Mexico Indian tribes. When the task force arrived at an agreement with 2 prominent local tribes a year later, Governor King declined to sign the agreement. He would hold up a deal until Nineteen Ninety Four.

When a new governor took office in 1995, it seemed that Amerindian gaming in New Mexico was a certainty. But when Governor Gary Johnson signed the compact with the Amerindian tribes, anti-wagering forces were able to hold the contract up in courts. A New Mexico court ruled that the Governor had out stepped his bounds in signing the deal, thereby denying the government of New Mexico many hundreds of thousands of dollars in licensing fees over the next several years.

It required the Compact Negotiation Act, signed by the New Mexico government, to get the process moving on a full accord amongst the State of New Mexico and its Native tribes. A decade had been lost for gaming in New Mexico, which includes Amerindian casino Bingo.

The not for profit Bingo industry has increased since 1999. In that year, New Mexico charity game operators brought in just $3,048. That climbed to $725,150 in 2000, and surpassed one million dollars in revenues in 2001. Not for profit Bingo revenues have grown steadily since then. Two Thousand and Five witnessed the largest year, with $1,233,289 grossed by the operators.

Bingo is categorically favored in New Mexico. All kinds of owners try for a bit of the pie. With hope, the politicos are through batting around gaming as a hot button factor like they did back in the 1990’s. That is probably wishful thinking.

  1. No comments yet.
  1. No trackbacks yet.
You must be logged in to post a comment.