New Mexico Bingo
Thursday, 18. July 2019
New Mexico has a complex gambling background. When the Indian Gaming Regulatory Act was passed by Congress in 1989, it looked like New Mexico would be one of the states to cash in on the Amerindian casino craze. Politics guaranteed that wouldn’t be the case.
The New Mexico governor Bruce King assembled a panel in 1990 to create a compact with New Mexico Amerindian bands. When the working group arrived at an accord with 2 big local bands a year later, Governor King refused to sign the bargain. He would hold up a deal until 1994.
When a new governor took office in Nineteen Ninety Five, it appeared that American Indian wagering in New Mexico was a certainty. But when the new Governor passed the compact with the Indian bands, anti-gaming forces were able to hold the deal up in the courts. A New Mexico court ruled that the Governor had out stepped his bounds in signing the compact, therefore denying the government of New Mexico many hundreds of thousands of dollars in licensing revenues over the next several years.
It required the Compact Negotiation Act, signed by the New Mexico house, to get the ball rolling on a full compact between the State of New Mexico and its Amerindian tribes. 10 years had been squandered for gaming in New Mexico, including Indian casino Bingo.
The nonprofit Bingo industry has grown from 1999. That year, New Mexico non-profit game providers brought in just $3,048. This number grew to $725,150 in 2000, and passed one million dollars in 2001. Non-profit Bingo revenues have grown constantly since then. Two Thousand and Five witnessed the largest year, with $1,233,289 grossed by the owners.
Bingo is apparently popular in New Mexico. All types of owners try for a bit of the pie. Hopefully, the politicos are done batting over gaming as a key issue like they did in the 90’s. That is most likely hopeful thinking.
Posted in Casino by Angel