Cash in on My Betting Blunders About the House Edge in Casino Games
Jan 232022

New Mexico has a rocky gaming history. When the IGRA was passed by Congress in 1989, it seemed like New Mexico would be one of the states to cash in on the Indian casino bandwagon. Politics assured that wouldn’t be the situation.

The New Mexico governor Bruce King assembled a working group in Nineteen Ninety to discuss an accord with New Mexico American Indian tribes. When the task force came to an accord with two big local bands a year later, the Governor refused to sign the bargain. He would hold up a deal until Nineteen Ninety Four.

When a new governor took over in Nineteen Ninety Five, it seemed that Native gaming in New Mexico was a certainty. But when the new Governor passed the contract with the Native bands, anti-gaming forces were able to tie the contract up in courts. A New Mexico court found that the Governor had out stepped his bounds in signing a deal, thus costing the government of New Mexico many hundreds of thousands of dollars in licensing fees over the next several years.

It required the CNA, signed by the New Mexico legislature, to get the ball rolling on a full contract between the Government of New Mexico and its American Indian tribes. Ten years had been squandered for gambling in New Mexico, including American Indian casino Bingo.

The non-profit Bingo industry has increased since Nineteen Ninety-Nine. In that year, New Mexico not for profit game providers acquired only $3,048. That climbed to $725,150 in 2000, and surpassed a million dollars in revenues in 2001. Not for profit Bingo earnings have increased steadily since then. 2005 saw the largest year, with $1,233,289 earned by the operators.

Bingo is apparently favored in New Mexico. All types of owners try for a slice of the action. Hopefully, the politicos are done batting over gambling as a hot button factor like they did back in the 90’s. That’s probably wishful thinking.

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