Research about: Esports | Jurisdictions | Companies | Casino Math | Responsible Gambling | Infographics |
New Mexico Gaming Summary |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Background New Mexico has a lottery, charitable gambling, and tribal casinos. Tribal Casinos In 1995, New Mexico signed its first compact with tribal governments, paving the way for Class III gambling on Indian reservations in New Mexico. .The New Mexico Gaming Control Board, through the State Gaming Representative, monitors the 2001 and 2007 Amended Tribal-State Class III Gaming Compacts signed by 14 Tribes. The compacting Tribes pay revenue sharing (approximately 9% of Net Win) and report “Net Win” on a quarterly basis. “Net Win” is the amount wagered on gaming machines, less the amount paid out in cash and non-cash prizes won on the gaming machines, less State and Tribal Regulatory Fees. Today, there are 24 casinos on tribal lands in the state. For more information, see the New Mexico Gambling Control Board. Lottery Development: The New Mexico Lottery was established in 1995 with the purpose of using proceeds to benefit New Mexico college students through a scholarship program. Beneficiaries: Legislative Lottery Scholarships help provide tuition to New Mexico residents who want to attend a New Mexico public college or university. For more information see the New Mexico Lottery website. |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Lottery data (fiscal year) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Powered by GamblingCompliance.com. For current information, visit GamblingData.com. Total revenue is total ticket sales sales plus interest earned on the lottery fund balance and miscellaneous revenue sources . Prize liability is the total amount of prize money paid back to winners. Net Revenue is the total revenue minus vendor and retailer commissions and prize payouts and operating expenses; it is equal to "operating income." Prize and net revenue percentages are taken from the total revenues. |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Tribal Casino data (fiscal year) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Powered by GamblingCompliance.com. For current information, visit GamblingData.com. . "Slot Revenue" is the total amount, in dollars, won by casinos. Win/Slot is the average win per slot machine for the year.. |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
New Mexico Gaming Timeline | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
1995: The New Mexico Lottery Authority is created 1995: Professor Fred Ragsdale is appointed by Governor Gary Johnson to negotiate compacts with various Indian tribes. In February, thirteen identical compacts are signed between the State and the Pueblos of Acoma, Isleta, Laguna, Pojoaque, Sandia, San Felipe, San Juan, Santa Ana, Santa Clara, Taos and Tesuque, and the Jicarilla and Mescalero Apache Tribes. Later that year, the New Mexico Supreme Court in State ex. Rel Clark v. Johnson ruled that Governor Gary Johnson lacked the authority to sign the compacts on behalf of the state. 1996: On April 27, lottery sales begin 1997: The U.S. Court of Appeals for the 10th Circuit in Pueblo of Santa Ana v. Kelly reasoned very similarly to the New Mexico Supreme Court decision in State ex. Rel Clark v. Johnson that the Governor lacked authority to bind the state to the compacts and thus did not comply with IGRA. The 1995 gaming compacts were then introduced into the 1997 New Mexico Legislative Session to comply with the court rulings. The compacts were approved by the legislature and signed by Governor Gary Johnson. 1999: The New Mexico State Legislature adopts the Compact Negotiation Act which formalizes the process for compact negotiations between the Tribes and the State of New Mexico. 2000: Legislature determines Lottery proceeds shall be split 50% Public School Capital Outlay Fund / 50% Lottery Tuition Fund. 2001: New gaming compacts are negotiated and approved by the New Mexico State Legislature. All tribes sign the 2001 gaming compact, with the exception of Mescalero and Pojoaque. 2004: The Mescalero Apache Tribe settles disputes with the State of New Mexico and enters into a 2001 gaming compact. 2005: The Pueblo of Pojoaque settles disputes with the State of New Mexico and enters into a 2001 gaming compact. 2007: Amendments to the 2001 Tribal-State Class III Gaming Compact are negotiated and approved by the New Mexico State Legislature. Nine gaming tribes sign the 2007 Amendments including the Pueblos of Isleta, Laguna, Sandia, San Felipe, Santa Ana, Santa Clara, Taos and Tesuque, and Ohkay Owingeh. Two non-gaming tribes, the Pueblos of Nambe and Picuris, also sign the 2007 Amendments.
|
|
|
© 2019 University of Nevada, Las Vegas. Do not copy or reuse without permission. |
|
Last modified
Tuesday, 06-Dec-2022 10:30:32 PST
|