Make the Most of My Gaming Mistakes Free Wagering Strategies – Professional advisor
May 012024

New Mexico has a stormy gambling history. When the Indian Gaming Regulatory Act was passed by the House in 1989, 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 appointed a panel in 1990 to negotiate a compact with New Mexico American Indian tribes. When the panel came to an agreement with 2 important local tribes a year later, the Governor declined to sign the agreement. He held up a deal until 1994.

When a new governor took over in Nineteen Ninety Five, it appeared that American Indian betting in New Mexico was now a certainty. But when Governor Gary Johnson signed the contract with the Indian bands, anti-gambling forces were able to hold the contract up in the courts. A New Mexico court found that the Governor had overstepped his bounds in signing a deal, thus denying the state of New Mexico hundreds of thousands of dollars in licensing revenues over the next several years.

It took the Compact Negotiation Act, passed by the New Mexico government, to get the ball rolling on a full compact amongst the Government of New Mexico and its Native tribes. A decade had been burned for gaming in New Mexico, which includes Amerindian casino Bingo.

The nonprofit Bingo business has gotten bigger since 1999. In that year, New Mexico not for profit game operators brought in just $3,048. This number grew to $725,150 in 2000, and exceeded a million dollars in 2001. Not for profit Bingo earnings have increased steadily since that time. 2005 witnessed the greatest year, with $1,233,289 grossed by the providers.

Bingo is categorically favored in New Mexico. All types of owners look for a piece of the pie. Hopefully, the politicians are through batting around gambling as a key matter like they did in the 90’s. That is most likely wishful thinking.

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